Internal Audit and Corporate Governance

Goals

• Explore the techniques being deployed by the leading global treasury organizations
• Define corporate governance in relation to the processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled.
• Accurately locate an organization’s management and workers within the ‘internal-external-stakeholder-spectrum’
• Distinguish between winding up or insolvency, Bankruptcy, Receivership, and Administration
• Demonstrate an understanding of the difference that exists between ordinary and preference shares
• Assess the implications of the ‘Receivership’ of a company for its statutory, primary and secondary creditors
• Explain the order in which the proceeds of a company’s assets will be distributed among its creditors, in the event of it falling into ‘Receivership’
• Exhibit an understanding of what constitutes the rights and equitable treatment of shareholders
• Explain how the interests of secondary stakeholders can be preserved
• Outline the roles and responsibilities of the Board of Directors
• Outline salient steps that can be taken to preserve an organization’s integrity
• Establish the array of issues that are enshrined in a company’s ethical behavior
• Determine the importance of operational ‘transparency’ in the face of the regulatory authorities’ demand and in the enhancement of shareholder and client confidence