CFO - Doing the Right Things Right WEBCAST

Overview

We often become so busy that we overlook important tasks, which can have a significant impact. We will review key topics like ethics, governance, internal audit, and incentive compensation plans - none should be taken for granted. We focus on best practices in governance, internal audit, and incentive plans, highlighting lessons learned from past ethical mistakes. We know that internal audit can be a profit center. Failing to implement best practices can be costly, so we will discuss effective strategies to ensure you and your colleagues get them right the first time.

Highlights

Incentive Compensation Plans That Incentivize: Incentive plans can influence behavior, but do they effectively drive the performance we desire? This seminar will explore why incentive plans work and why not. We will also discuss challenges like setting limits on incentives and recognizing performance across different divisions. Corporate Governance Best Practices: Balancing financial responsibilities with sound governance and ethical leadership can be challenging, particularly for smaller organizations. We will cover the essential skills for leading with accountability, setting high ethical standards, and engaging effectively with the Board. Developing a Great Internal Audit Department: How can we enhance our Internal Audit department and increase its value? What metrics should we track, and what key elements are essential for success? A modern Internal Audit department pays for itself, and this course will help you maximize its value. Ethical Decisions Making Made Easy: Ethics can be complex, but developing strong decision-making skills is essential in today’s pressured environment. This course offers a clear framework for navigating ethical dilemmas, helping you make confident decisions, uphold your integrity and maintain your license. Remember, ethics is not just about meeting requirements; it reflects who we are and our core values.

Prerequisites

None.

Designed For

Financial leaders, managers, CEOs, CFOs, accountants, board members, consultants, and CPAs, along with business owners and entrepreneurs, seeking to maximize organizational value.

Objectives

How to successfully design an incentive compensation plan that fits the needs of the organization. Develop strategies to enhance accountability and transparency in financial management. Recognize leadership’s role in promoting an ethical governance culture. Engage effectively with the Board and C-suite to build stakeholder trust. Implement best practices for maintaining ethical standards in financial decision-making and in corporate governance. Acknowledge the importance of Internal Audit, assess its impact, and make a business case to management. Evaluate ethical dilemmas using established frameworks. Apply decision-making models to real-world scenarios. Analyze consequences and stakeholder perspectives in conflicts. Communicate effectively to resolve ethical challenges. Develop a personal ethical code to guide your professional conduct.

Preparation

None.

Notice

None.