Effective Board Reporting - Practical Approaches for FCA and dual regulated firms

Outline & Objectives

The Boards of financial institutions are under increasing pressure to respond to difficult questions about how they provide oversight over business models, risk-taking, strategy, long-term business sustainability and now the Consumer Duty.

A key challenge for all firms is to provide the Board with the Management Information needed to address key risks to the business and ensure the decisions made are properly informed, transparent and which demonstrate the Board has taken the "reasonable steps" required by the FCA. Board reports and governance are all key for senior managers to show their compliance with the Senior Conduct Rules.

This practical course provides a safe environment in which to assess your approach to board reporting, explore your strengths and areas for development and practise new techniques to bring about immediate improvement.

Attending will help you:

• Review the scope of your board reports and MI, avoid information overload or gaps and integrate with the Consumer Duty
• Understand the criticality of a high-quality risk assessment of the firm
• Enhance the structure, style and value of your reports to make them more concise, targeted and easier to digest
• Create Board reports that facilitate better challenge by the Board and help the Board members to meet their duties under the Senior Conduct Rules and demonstrate they have taken "reasonable steps"
• Better understand and reflect the firm's strategy, Board issues, priorities and decision-making style in your reports
• Manage differing stakeholder views with balance and clarity
• Examine good and bad practice in relation to Board Reports
• Reduce the reporting burden on your senior management colleagues – and yourself

Who will benefit?

This focused course will be of value to anyone responsible for using, producing, compiling or overseeing board packs and reports. This is likely to include Senior Management Team, Company Secretaries, and Heads of Risk, Compliance and Audit.

Agenda

Topics covered may include but are not limited to:

• Revisiting the Role of the Board
• Building the Board Pack
• Delivering in the Boardroom