The Board of Directors (BoD) is responsible for effective governance of Banks, Financial Institutions (FIs) and NBFCs. While ensuring a strategic oversight on assurance functions, the board should also be abreast of evolving changes in the business environment. It should also be able to identify emerging risks, besides addressing control and process issues that would enhance its function and credibility. Board members need to have an independent and objective perspective, while also fully understanding their roles and responsibilities. The BOD is responsible to ensure that the processes & controls are in sync with business strategies of the organization, sound risk management practices supplemented with appropriate reporting standards. BOD as members of various committees should have a good grasp of the various aspects relating to the objective and functioning of the respective committee, besides performing as a team accommodating the divergent views. As financial sector is IT intensive, board members should be aware of the use of advanced technologies and emerging risks associated including cyber risk, data privacy and regulatory developments in the sector.
It is thus crucial for Banks, FIs and NBFCs at the Board level to have the necessary technical competencies, the ability to devise relevant strategies fully compliant with the extant legal framework and supervisory expectations and be mindful of governance standards. This program seeks to enhance board effectiveness through policy and practical aspects of Board Governance and functioning. It would offer opportunities to interact with regulators and industry leaders on challenges and remedial measures on Governance and Assurance issues.
The Program will deal with the following topics:
Non-Executive Chairperson and Directors on the Boards of Banks, NBFCs & Financial Institutions