Future Ready Boards

Financial Intelligence for Directors
Empowering Boards with Financial Competencies

Existing and aspiring Board Members along with senior/middle level executives from legal, risk, compliance and corporate affairs divisions, preferably with non-finance academic and/or experiential background.

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Baches Conducted

Two (2)

Participants Trained

70 +

Mode of Learning

In-Person Workshop Mode

Certification by

IICA

INDIAN INSTITUTE OF CORPORATE AFFAIRS

Indian Institute of Corporate Affairs (IICA) has been established by the Ministry of Corporate Affairs (MCA), Government of India to act as a think tank and a centre of excellence to augment the growth of the corporate sector in India through an integrated and multi- disciplinary approach.

The institute has emerged as a leading player in training, capacity building, executive education, advocacy and advisory catering to various cadres, ministries, departments, CPSEs, MNCs, private sector and professionals.

Over the last decade, IICA has contributed immensely on priority initiatives of the Government of India and contemporary issues faced by the corporate sector and professionals like Corporate Governance, Independent Directors, Corporate Social Responsibility (CSR), ESG, Insolvency and Bankruptcy, Financial Reporting, Valuation, Mediation, Arbitration, Business and Human Rights, Investor Education and Protection, Competition Law, Regulatory Governance, MSME, Public Private Partnership (PPP), Start-Ups, Leadership etc.

SCHOOL OF FINANCE & MANAGEMENT

School of finance and management is engaged in capacity building, education, research, advocacy and advisory on contemporary financial and regulatory issues including banking, finance, financial reporting, economic crimes, leadership, valuation, risk management & allied themes.

It runs flagship 12-Month Advanced Management Program in Corporate Affairs (AMP-CA). Another innovative 12-Month Master in Financial and Economic Crimes (MFEC) Program is run by the school as first inter-ministerial collaborative initiative with Rashtriya Raksha University (RRU), Ministry of Home Affairs, Government of India.

The School has also curated programs like Financial Intelligence for Directors (FID), Risk Intelligence for Directors, Certificate Program for New Age Bureaucrats and Public Leaders, Advanced Finance for Finance Professionals (AFFP), Strategic Leadership Module and Certificate Program for Start-Ups. It also provides research, advocacy and advisory support to priority initiatives of the Government of India.

The School has so far trained 5000+ executives across board level, top management, middle management and entry level / induction through various online, in-person and hybrid programmes.

Leadership Messages

MESSAGE FROM DIRECTOR GENERAL & CEO
Prof (Dr) Naveen Sirohi
đź“š

Sh. Gyaneshwar Kumar Singh

Director General & CEO, IICA

"

All directors must have a foundational financial knowledge to fulfil their role as a board member. This is both a legal duty and a practical necessity.

Audit Committee in particular have the responsibility to ensure transparent financial reporting and quality auditing, the two critical components of robust corporate governance standards.

The program intends to strengthen the corporate governance in India through augmenting financial competencies among the Board Members. It will equip them to make better decisions, manage risks effectively, and lead organisations towards a sustainable future.

I welcome you to the program.

MESSAGE FROM PROGRAM DIRECTOR
Prof (Dr) Naveen Sirohi
đź“š

Prof (Dr) Naveen Sirohi

HoD, School of Finance & Management

"

Global studies have indicated that, generally, directors serving the board lack the requisite baseline financial knowledge for effective financial monitoring.

The Program is designed to develop practical strategies through case study based approach for strengthening directors' financial capability and motivation to positively influence board, accounting and organisation-level outcomes.

The program is intended to help you "fill in the gaps." Regardless of your background or previous corporate experience, the aim is to make you feel more confident and prepared with a solid foundation in finance.

Wish you happy learning.

Programme Overview

Financially intelligent directors are associated with effective monitoring of organisation and management performance, especially financial monitoring (Carcello et al., 2011; Financial Reporting Council, 2013; Hambrick et al., 2015; McRobert & Hoffman, 2010). According to Hambrick and colleagues (2015), having the requisite financial expertise for the domain being monitored is essential because “a director cannot begin to ask the right questions or to interpret the answers in complex matters unless he or she has the ability to comprehend the financial issue at hand”. Various studies across USA, Canada and Australia have indicated that, generally, directors serving the boards lack the requisite baseline financial literacy for effective financial monitoring.

This 3-Day Training Program has been designed to develop practical strategies for strengthening director financial capability and motivation to positively influence board, accounting and organisation-level outcomes. The training has been designed with practitioners-perspective delivered through case studies, interactions, sharing of experience and exercises, apart from the usual training methods.

Strengthen Your Financial Capability and Motivation to Positively Influence Board, Accounting and Organisation-level Outcomes.

  • Existing and aspiring Board Members of Central Public Sector Enterprises (CPSEs), private companies and MNCs, specifically with non-finance academic and/or experiential background. The program is suitable for Independent, Women and Executive directors along with senior/middle level executives from legal, risk, compliance and corproate affairs divisions.

Testimonials

IICA Financial Intelligence Directors Programme

Mohamed Ba Hamid

Senior Executive Leader

Saudi Arabia

Learning experience was excellent with top industry experienced faculties participants made the program very engaging and fruitful. well organized program in all aspects.

Lloyd Mathias

Angel Investor, Business Strategist, Independent

Director on various boards

An excellent program that provides a deep dive into financial elements needed for Independent directors.

Ratul Neogi

Head Internal Audit

Trent Limited

I would recommend this program for all directors in the audit committees and board members keen to refresh, augment their financial acumen.

Gowthaman Sounderraj

CXO - Chief Business Officer

CreditAccess Life Insurance

The programme was exceptionally well-structured, focusing on crucial areas that every board member must be proficient in. The case study based approach combined with insightful interactions and practical exercises made complex financial concepts more accessible and applicable to real-world scenerios.

Our Esteemed Faculty

REGISTRATION PROCESS

Application Form to be filled up

Course Fee (Residential)- INR 80,000/- + Applicable Taxes Per Participant

Residential Fee includes academic cost, 4-night single occupancy stay, all meals, conference hall charges, tea breaks, study kit and miscellaneous expenses. Fee doesn't include travel cost of participants which will be borne by themselves or their sponsoring organisation.

Online Registration

Get In Touch

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Contact Info

Indian Institute of Corporate Affairs

Our Location

IMT Manesar, Sector - 5

Gurgaon, Haryana - 122052

Phone Number

+91 0124-2640187

Email Address

sof[at]iica[dot]in

Contact Us

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