ΠΕΡΙΓΡΑΦΗ

This programme equips current and aspiring directors, board chairs and senior executives with a comprehensive understanding of modern corporate governance principles, legal duties and regulatory frameworks applicable within Cyprus and the European Union. Participants will develop a solid understanding of the role and responsibilities of directors, fiduciary obligations, governance structures and board oversight responsibilities. 

The programme examines the distinction between governance and management, the legal duties of directors under Cypriot Company Law, regulatory expectations, governance codes and board committee structures. Through practical examples, facilitated discussion and case studies, participants will strengthen their ability to exercise sound judgement, promote ethical leadership, enhance board effectiveness and contribute to the sustainable success of their organisations while meeting regulatory and governance expectations.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Training Objectives

• By the end of the programme, participants will be able to:

• Describe the fundamental principles and objectives of modern corporate governance.

• Explain the legal, statutory and fiduciary duties of directors under Cypriot Company Law and relevant European governance frameworks.

• Distinguish clearly between the strategic role of the Board and the operational responsibilities of Management.

• Explain the structure, purpose and responsibilities of Boards and Board Committees.

• Recognise the principal governance codes, regulatory frameworks and best practice standards applicable within Cyprus.

• Analyse governance situations and identify appropriate Board oversight responses.

• Apply ethical principles, accountability and sound judgement when making Board decisions.

• Promote good governance practices that strengthen organisational performance, transparency and stakeholder confidence.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This programme is suitable for:

• Executive Directors

• Non-Executive Directors

• Board Chairs

• Board Committee Members

• Senior Executives preparing for Board appointments

• Company Secretaries

• Corporate Governance Professionals

• Legal and Compliance Professionals

• Regulators and Policy Makers

• Professionals advising Boards and Governing Bodies

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Introduction

• Introduction of trainer and participants

• Programme objectives

• Programme structure

• Icebreaker exercise: The Role of a Modern Director

Evolution and Purpose of Corporate Governance

• Evolution of corporate governance

• Corporate governance in Cyprus and the European Union

• Accountability, transparency and stakeholder confidence

• Governance and organisational sustainability

Role of the Board versus Management

• Strategic oversight versus operational management

• Board accountability

• Delegation of authority

• Practical case study

Legal Duties of Directors under Cypriot Company Law

• Directors' statutory duties

• Fiduciary duties

• Duty of care

• Directors' liabilities

• Conflicts of interest

• Disclosure requirements

Regulatory Framework and Fit & Proper Requirements

• Overview of CySEC

• Central Bank of Cyprus governance expectations

• Fit and Proper requirements

• Ongoing suitability requirements

• Governance obligations for regulated firms

Governance Codes and Best Practice Frameworks

• Cyprus Corporate Governance Code

• EBA/CySEC Governance Guidelines

• Central Bank Governance Directives

• ISO/OECD Principles of Corporate Governance

• Mandatory versus voluntary governance frameworks

Board and Committee Structures

• Executive, Non-Executive and Independent Directors

• Audit Committee

• Risk Committee

• Nomination Committee

• Remuneration Committee

• Governance challenges within group structures

Case Studies and Reflection

• Governance failure case study

• Lessons learned

• Group discussion

• Reflection on Board effectiveness

Wrap-Up and Evaluation

• Summary of key learning points

• Participant reflections

• Course evaluation

• Closing discussion

Training Style

The programme combines interactive presentations, facilitated discussions, practical examples, governance case studies and group exercises to encourage active participation and knowledge transfer. Participants apply governance principles to realistic Board scenarios, enabling immediate application of learning within their organisations.

CPD Recognition

This programme may be approved for up to 6.75 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.