Faculty
Andrew Kakabadse
Chairman of the Board of Directors of Envisia – Boards of Elite, President of the Director's Forum Henley Business School, member of Thinkers50
Adrian Codirlașu, PhD, CFA
Vice-President of CFA Romania and AAFBR, Member of ACI Romania
Adriana Lobdă, FCCA
Founding member, Envisia – Boards of Elite
Carmen Micu, EMBA
CEO, Founding member, Envisia – Boards of Elite
Diana Stafie
Strategic Foresight
Mihai Purcărea, CFA
CEO & President of the Board of BRD Asset Management, Member in AAF Board of Directors, Board Member of CFA Society Romania
Mirela Păunescu, Phd, FCCA, CIA
Consultant
Narcisa Oprea
Program Coordinator "Corporate Governance That Creates Value", Envisia – Boards of Elite; Partner - Schoenherr
Filipe Morais
Professor of Governance and Reputation, Henley Business School
Flavia Popa
Secretary General, BRD – Groupe Societe Generale
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Gabriela Hârțescu
Dean, Member of The Board, Envisia – Boards of Elite
Chris Ansell, CFA
International Consultant in Investor Relations and Equity Markets
Diana Stafie
Foresight Strategist, Founder of Future Station
Radu Hanga
Chairman of the Board of Directors, Bucharest Stock Exchange
Simona Pirtea
Managing Partner, Pirtea si Asoc.
Course Outline
INTRO: KEY PRIORITIES ON THE BOARDS' AGENDA IN 2023
CHAPTER I: ROLES AND RESPONSIBILITIES OF GOVERNANCE STRUCTURES
1. Legal framework and governance structures
- Board types and member categories
- Roles and responsibilities of Board members - individual and collective
- Advisory Boards - benefits for companies
2. Board Committees: specific roles and responsabilities
- Processes and working procedures
- Nomination and remuneration committee
- Audit Committee
3. Responsibilities and liabilities
- Delegation of authority process
- Legal civil liability insurance of managers (D&O Policy)
4. Remuneration
- Remuneration policy
- Remuneration long term plan (Stock Option Plan - SOP)
CHAPTER II: BOARD DYNAMICS
1. The quality of interaction and board level - attitude, behaviour and competence
2. The relationship between the Board of Directors and General Manager
3. General Secretary - role and attributions
CHAPTER III: STRATEGY
1. Value Creation Strategy
- The Role of the Board in Creating and Developing the Strategy
- Board Responsibilities regarding the company strategy: Broadening the Oversight
- Creating strategic options, creating long-term value - foresight
2. Risk Management Strategy
- Enterprise Risk Management (ERM) and Strategic Risk
- Governance Models ISO 31000 vs COSO
- Risk identification, evaluation and mitigation models
3. Key Financial Decisions for Boards
- Financial performance
4. Company Listing. A Strategic Decision at the Board Level
- Listing strategies for companies
- Analysis of the capital market in Romania
5. Sustainability and ESG Strategy
- Principles of sustainable development
- Good governance - ESG implementation imperative
CHAPTER IV: BOARD RESPONSIBILITIES REGARDING REPORTING REQUIREMENTS FOR LISTED COMPANIES
1. Financial reporting for listed companies and Board members liabilities
2. Board of Directors areas of responsibility derived from European regulations and directives (CSRD, DueDiligence) and ISO 37000
3. Privileged information and market abuse
4. Investors' relations - how we tell our story
CHAPTER V: BUILDING A FIRST RATE BOARD CANDIDATE PROFILE
1. Ideal candidate; Interview preparation
2. Assessment of the Board and Executive Team
3. Board Succession Plan
Total number of hours in the program: 45
Assesment Process
The evaluation at the end of the programme consists in a simulation of a board meeting. The evaluation commission will include 3-5 board members from: Envisia – Boards of Elite, the Bucharest Stock Exchange and other representative authorities and institutions.
Course & assesment timeline
Attendance requirements
- At least 85% (min. 38 hours)
Final assessment: A board meeting simulation
- The evaluation at the end of the programme consists in a simulation of a board meeting. The evaluation commission will include 3-5 board members from: Envisia, Bucharest Stock Exchange and other representative authorities and
- institutions.
- When: 27th January 2024
Graduation Ceremony: 8th February 2024
Application Process
Entry requirements
- A good BA degree (or equivalent) or a Master’s degree
- Organisational leadership/board experience, or at least three years’ senior management experience with board-level access
- One referral from a Board of Director’s level or top management
- Access to a live board-level governance challenge
Enrolment process outline
- Fill in the Application Form (online)
- Upload Your CV in English (in the Application)
- Copy/scan of the official qualification diploma / certificate transcript in English
Timeline
- Enrolment closing period: 3rd November 2023
- Start of the Programme:16th November 2023
About course
Effective Board Director Programme raises awareness on the understanding of the corporate governance law & practice in a national and international context. While the programme is designed for companies listed or prepared to be listed, it is also suited to Directors in financial institutions. The program is developed by Envisia and Bucharest Stock Exchange.
Why join?
- Join a local network of directors. Enrolling in our programme you will be part of a community of highly skilled professionals and board members from listed companies and companies acting in capital markets.
- Get access to an elite Expertise Center that fosters your professional excellence and personal development.
- Learn from experts. Our faculty are thought leaders and recognised experts in the field of corporate governance and leadership.
Who should join?
- Board Members from listed companies, companies aimed at accessing the capital market, other actors of the capital market
- Representatives of the executive management/C-level positions: General Managers, Chief Financial Officers, Chief Operating Officers, etc. and any management position that interacts with board directors
- Advisory Board Members
- Board members in family entrepreneurial businesses
- Investors
- Company General Secretaries
- Professionals/ Consultants working closely with the boards of big companies and listed companies and that aspire to get a board position: financial analysts, lawyers, tax specialists.
- Experienced board members wishing to keep up to date with the global and national information and trends needed to fulfill their mandate for this position
Stories
The Effective Boards Director Programme helped me understand the mechanisms of an accelerated and responsible development of a company and implicitly of the leader in me.
Dr. Anca Mitu
Non-executive member of the board of directors of some national companies & Advisor to the CEO Transgaz
The Effective Boards Director Programme is part of BVB’s strategy to support education for the local capital market stakeholders.
Radu Hanga
President BVB
I appreciated the thematic content, the experience and expertise of the facilitators and special guests. Thank you for the opportunity and I recommend the Programme.
Karl Leidenfrost
Managing Director HABAU
Member of the Management Board UPRUC CTR
SUBMISSIONS CLOSING 3rd November 2023
