FIDE Elective Programmes
These programmes are for those who have completed the FIDE Core Programme prior to 2018 (the programme content is now part of the FIDE Core Programme as of 2018).
Emerging Risks, the Future Board and Return on Compliance
Public and regulator expectations for directors continue to evolve rapidly, including due to evolving practices, new types of risks, and technology. Spending on compliance continues to increase and with it, the question: what is the return on this spending? This programme will inform you on key developments and stimulate you to prepare yourself as a board member for future challenges.
Understanding Fintech and Its Implications for Banks
The programme seeks to update directors on the latest in fintech developments and its implications for the banking industry. Directors will be provided with examples of fintech’s disruptive technology both in the payments and crowdfunding space; in record keeping and improvement of processes with the development of blockchain, and how it is changing the entire ecosystem of how businesses are done.
FIDE Elective: Understanding Fintech and Its Implications for Insurance Companies
This programme seeks to update directors on the latest in fintech developments and its implica- tions for the insurance industry. Directors will be provided with examples of fintech’s disruptive technology in content delivery, distribution and payments of insurance products; and how it is changing the entire ecosystem of how insurance businesses are done.
These are advanced-level programmes that build on knowledge already gained through the FIDE Core programme, addressing corporate governance issues at a deeper level.
Anti-Money Laundering/Counter Financing of Terrorism – Banking Sector
This programme seeks to provide directors with an understanding of the regulatory requirements on anti-money laundering and counter terrorism financing, as well as their roles and responsibilities in providing robust oversight over their financial institutions in this area. It will also help directors consider the kinds of questions they should be asking when faced with anti-money laundering Issues.
Anti-Money Laundering/Counter Financing of Terrorism – Insurance & Takaful Sector
This programme seeks to provide directors with an understanding of the regulatory requirements on anti-money laundering and counter-terrorism financing, as well as their roles and responsibilities in providing robust oversight over their financial institutions in this area. It will also help directors consider the kinds of questions they should be asking when faced with anti-money laundering Issues.
Understanding the Cybersecurity Landscape
In today’s cybersecurity landscape, it is critical that we understand the risks our systems are exposed to and take the necessary measures to defend them. This programme is designed to help participants understand, assess and take a proactive posture in cybersecurity; and understand why cybersecurity is a board-level responsibility, and how to manage and mitigate cyber risks.
Current Issues in Corporate Governance
This programme explores advanced topics in corporate governance. In particular, it will examine areas in which directors face difficult tensions and challenges in their responsibilities to different stakeholder groups. Key areas of discussion include operating in foreign markets, managing corporate culture and compliance, and responding to a changing regulatory environment.
Governance in Groups
An important part of the governance “eco-system” that has received little attention relates to the issues relating to subsidiaries and other entities within a group and the problems faced by directors in these entities. Participants will learn to develop an enhanced understanding of the governance challenges in company groups, good practices in a subsidiary governance programme, issues arising from the potential conflicts of roles, and how to achieve satisfactory resolution to the dilemmas they may face.
These programmes are designed to provide directors with technical knowledge in specific areas of the banking and insurance industry so that they can carry out their roles and responsibilities more effectively.
Corporate Governance for Development Financial Institutions
This programme is designed to on-board new directors of development financial institutions (DFIs) to enhance their understanding of the role of DFIs as well as their own roles on the boards so that they can be more effective. The programme will discuss global trends and challenges facing DFIs across the world as well as issues and challenges DFIs face within the local context.
Understanding Liquidity Risk Management in Banking
Liquidity risk management is an often overlooked and misunderstood aspect of risk management, despite being fundamental to a company’s day-to-day survival. The programme will establish the definitions and practical applications of “liquidity.” Directors will gain a big-picture view of liquidity risk management and will be equipped with the knowledge and tools necessary to assess and analyze liquidity risk management in banking context.
Credit Risk Management – Banking Sector
This programme will cover key areas when monitoring and having oversight of credit risk both from the retail and corporate angles. At the end of the programme, participants will be able to gain a big-picture view of credit risk management and will be equipped with the knowledge and tools necessary to assess and analyse credit risk management in a banking context.
Internal Capital Adequacy Process (ICAAP) – Banks
The programme will address the key components of ICAAP, namely, the regulatory requirements around ICAAP, the processes of risk identification and risk materiality assessment, setting of risk appetite, limits and controls, capital planning and management, and corporate governance for ICAAP. Participants will gain an understanding of the roles and responsibilities of the Board of Directors in relation to ICAAP.
Internal Capital Adequacy Process (ICAAP) – Insurance
This programme is designed to provide insurance directors with a solid understanding of risks associated with the insurance business and how these risks should be managed from the board of directors’ perspective. The programme will discuss the theories and requirements of ICAAP and Enterprise Risk Management.
Board Committee Programmes
These programmes are designed to provide directors on board committees with knowledge of their roles and responsibilities, and the effective functioning of the committees.
Nomination / Remuneration Committee
In the aftermath of the global financial crisis, regulators and commentators have focused considerable attention on the activities of the Nomination and Remuneration Committees (NC/RC), especially in the banking and finance sectors. This programme will equip NC/RC members with the necessary knowledge and skills to carry out their roles and responsibilities more effectively.
The objective of this programme is to enhance the knowledge and skills of audit committee members so that they can provide more effective oversight over the organisation’s finances, financial reporting as well as internal and external audit. It will also explore best practices and current trends that are relevant to audit committees.
Risk Management Committee – Bank
This programme will provide an in-depth look at risk governance and risk management in financial institutions. The objective is to equip members of the Risk and/or Audit Committees with knowledge and skills to manage the expectations of stakeholders, provide effective oversight of internal controls and all elements of enterprise risk; as well as clarify the role of the board in identifying and addressing risk factors stemming from organisational design and culture.
Risk Management Committee – Insurance
This programme is to assist members of risk management committees to be competent in advising the boards on risk management issues related to the insurance industry. The programme will explore current trends in risk thinking, management and oversight to ensure participants create long term value by embedding a strong risk management culture within their organisations supported by appropriate controls and regular risk reviews.
These are introductory corporate governance programmes designed for new directors especially those not from the financial industry.
Governance & Ethics
This programme is designed to help new or prospective directors of financial institutions appreciate the evolution of corporate governance over time and understand why there is no one solution to achieving good governance. Directors are introduced to the drivers of risk and identify typical Red Flags, providing them with early warnings of trouble to come.
This programme is designed to provide an introduction to banking for prospective or new bank directors especially those not from the banking industry. It will introduce important concepts related to the business; and provide a basic understanding of how banks are run, how their performance is measured and how the industry is regulated.
This programme is designed to provide an introduction to insurance for prospective or new directors of insurers, particularly those without any prior knowledge of the workings of the insurance industry in Malaysia. It will introduce key concepts in general and life insurance and provide a basic understanding of how insurers are run, how their performance is measured and how the industry is regulated. It will also cover the basic principles in Islamic insurance or Takaful.
Director’s Legal Tool Kit
This programme is designed to give a practical and knowledgeable feel of the law under which directors operate and draw their rights and obligations. It will first illustrate the general context of the technical and regulatory regime applicable to directors: corporate governance, ethics, empowerment, and liability. It will then graduate to specific concerns and provisions so that participants will be able to appreciate where corporate legal issues are coming from and where they can go. A key deliverable will be an insight into the legal mind of how a practicing lawyer thinks and the practical tools he uses in court to advance his legal propositions.
Given that oversight of an organisation’s risks is one of the key responsibilities of the board, it is important for directors to have an overview of a typical risk management framework. At the end of the programme, directors will gain a better understanding of the process and tools of risk management, the staff responsible for them and their own oversight role in relation to risk management.