Corporate Governance and Compliance
Miscellaneous / / December 03, 2023
How to minimize the risk of financial and legal problems? How to avoid a rollback audit? How to prevent claims from regulatory authorities? What quality standards should a modern company meet?
The concept of “compliance” came to us from the West. International companies were the first to introduce it to the Russian market. It is generally accepted that these were banks and other representatives of the financial sector, where they were especially demanding in terms of compliance with quality standards and extremely clear organization of all processes.
Today it is difficult to imagine a serious company in any field of activity that would not strive to meet the best quality standards. Many organizations have established compliance departments. A modern manager cannot work without knowledge of compliance principles, since they help minimize risks, both financial and reputational.
This course is aimed at improving the skills of managers in the field of economic risk management. Purpose of the course: to teach the basics of internal control and compliance, as well as modern techniques of corporate governance and control.
During the classes, outsourcing provision of economic security will be studied, the causes of corporate conflicts and the main ways to neutralize them will be considered, compliance risks and their minimization, principles for creating internal documents of an enterprise to prevent corruption, methods for conducting anti-kickback audits, tax risks in a contractual agreement work.
The course is recommended for: top managers and senior executives, internal auditors and employees of the internal control service, as well as accountants, lawyers, and heads of public sector organizations.
What does this course provide?
Career: an advantage over colleagues in terms of understanding promotion and management within the corporation, more effective dialogue with top managers and company owners.
Effective control over the work of the department and personnel, reducing the risk of fraud on the part of company employees.
More effective financial control. Reducing company costs.
Stability: reduced risk of becoming a victim of fraud, violation of the law when exercising managerial powers.
This is a strategic course. If you want to someday become a leader, and not work as a performer all your life, you need it. If you are already a manager, this course will help reduce the risk of financial and legal problems.
You will learn:
-successfully manage the company;
-reduce the risks of the company’s activities and the risk of the manager;
-increase competitiveness in the labor market.
You will know:
-Structure of organizations and corporate governance.
-Types, forms and types of commercial organizations.
-Modern corporate governance.
-Basic principles of internal control. COSO. SOX
-International anti-Russian sanctions of the USA and EU;
-Payments and transfers to the EU and the USA with a Russian legal entity;
-Compliance with international tax requirements.
Module 1. Basic concepts of compliance and internal control (4 ac. h.)
-Structure of organizations and corporate governance.
-Types, forms and types of commercial organizations.
-Modern corporate governance.
-Control bodies of organizations.
-Principles of exercising authority in a leadership position in various types of organizations.
-Internal control: concept and origins.
-The concept of internal control.
-Internal control in a foreign company, Russian state and commercial organization.
-Basic principles of internal control. COSO. SOX.
-Compliance.
-The concept of compliance. Compliance risk and its management. Examples of implementation of compliance risk.
-Minimization and optimization of compliance risk in a management position.
Introduction to Module 2.
Module 2. Claims and sanctions from Russian and foreign supervisory authorities (6 ac. h.)
-Claims and sanctions from Russian supervisory authorities.
-Typical compliance risks in the field of tax, labor, and antimonopoly legislation;
-Optimization of the above risks in a leadership position.
-Compliance with Federal Law-115.
-Features of the supervisory process and legal proceedings in Russia.
-Claims and sanctions from foreign supervisory authorities.
-International anti-Russian sanctions of the USA and EU.
-Payments and transfers to the EU and the USA with a Russian legal entity.
-Compliance with international tax requirements.
Introduction to Module 3.
Module 3. Fraud: internal and external (6 ak. h.)
- External fraud.
-Risk of concluding an agreement with an unscrupulous counterparty: measures to reduce and optimize.
-Greenmail, blackmail, information attacks, raider attacks.
-Information security.
-Features of supervision and legal proceedings in Russia in the case of “external fraud”.
-Internal fraud.
-Fraud on the part of personnel during procurement.
-Fraud on the part of staff in terms of sales.
-Fraud on the part of staff in terms of seizing control of the company.
-Final conclusions on the course.