MODULE II

Interaction with investors. Development and implementation of the strategy of business financing

Dmytro Leonov

• Strategy for business financing: factors, components, development, implementation
• The capital structure of the company and the cost of raising capital in practice
• Debt financing
• Capital raising from private equity funds: the terms of the contract, the valuation, experience
• Advantages and disadvantages of publicity: conclusions from the experience of Ukrainian companies
• Preparation for IPO: the choice of the market, the operating procedures, costs, typical mistakes
• Investor Relations and Information Policy

The role and tasks of the Council in assessing the performance of the company

Serhiy Honcharevych

• What information should provide the top management to the Board?
• What useful information can be obtained from the financial statements?
• How to identify potential problems and risks?
• What indicators should evaluate effectiveness of the company’s management?

Approaches to solving the problem of the definition of top management’s remuneration by the Supervisory Board

Serhiy Honcharevych

• International experience of congruence of interests of shareholders and management
• Advantages and disadvantages of different approaches to remuneration system
• What questions about the remuneration system should Board ask?

Evaluating of the Board’s effectiveness

• Signs of the inefficient Board
• Conflicts in the Board, debates on corporate governance (examples, analysis of the main causes and solutions of the problems)
• Confidential information in the work of the Board (the example of the Privacy Policy on the conflict of interest and related-party transactions)
• Formal procedures for evaluating the effectiveness of the Board as a whole and its individual members
• The issue of remuneration of the Board members - international and Ukrainian experience

Suspension (termination of powers) of the Director (review of cases)