KPMG Governance Institute, an outreach arm of KPMG Academy alongwith Indian Institute of Corporate Affairs (IICA), recently announced a capacity building programme to improve board effectiveness of existing and prospective director level professionals of the corporate boards. “We believe in constructive pooling of knowledge resources. By partnering with IICA we hope to enhance corporate governance practices in India through knowledge sharing and capability building,” says Mritunjay Kapur, partner and head, Risk Consulting, KPMG in India.
The programme is for serving and aspiring directors on how they can improve board effectiveness. The two-day workshop seeks to strengthen the competence, skills and capabilities of corporate board level functionaries with a focus on the role of independent directors. The emphasis will be on learning exchange amongst a peer-group of senior executives from diverse industries and educational background. “It will be a mix of classroom sessions, panel discussions and group discussions on a various aspects of board effectiveness such as composition of the board, leadership and strategy, responsibilities in audit and compliance, risk and internal financial control oversight, stakeholder relations, CSR, cyber security, director liability,” informs Kapur.
How will this initiative help? “Those participating will go back to their roles with enhanced understanding, deepened perceptions and more insightful capacity to interpret,” explains Kapur, adding that, the programme tries to emphasize on practical application in real world business situations and enhance critical knowledge and understanding of directors’ in areas such as board oversight, risk management, sustainability, stakeholder management, regulations and leadership. “We would like to believe that this programme will help spread wider awareness on factors that contribute to board effectiveness and a sense of higher responsibility for ensuring effectiveness,” he concludes.