On July 1-2, 2020, the second module of the Corporate Director Training Program for the professional development of the members of the Board of Directors took place.
The program was delivered in combined on-line and off-line formats. Twenty participants were in the classroom, and seven participated on-line. Four tutors taught in the classroom, and one was on-line.
The training began with a review of business financing strategies with Irina Starodubova, Associate Partner of the Capital Times. She noted that:
Investor’s tools to increase the value of the company are:
- ⚡ Focus on fundamental strategy and profitability
- ⚡ Management development through training and recruitment
- ⚡ Participation in corporate governance:
- 🔽 at the Board level
- 🔽 ensuring transparency
- 🔽 focus on generating income in the long term rather than in a short time through effective management.
Continuing the topic of financing strategy, Sergey Goncharevich, Managing Partner of the Capital Times, focused on the company’s interaction with investors and IPO, noting that this is a complicated and rather time-consuming process, which lasts at least 9-12 months. Sergiy noted the following criteria for success of IPO:
- 💥 Attracting the expected amount of capital
- 💥 Matching owners’ price expectations with investors’ offers
- 💥 Significant liquidity of company shares
- 💥 Positive share price dynamics
- 💥 An adequate amount of costs associated with the IPO / PP
Participants of the “Corporate Director” program were looking for answers to the following questions: what information should the top management provide to Board, how to identify potential problems and risks, and by what indicators should be evaluated the performance of the Board together with Oleksandr Pochkun, the founder and managing partner of Baker Tilly in Ukraine.
Oleksandr Okuniev, Chairman of the CGPA Management Board, considered two aspects of “succession planning,” namely:
- 🌟 succession planning of the primary owners of the company, who determine the corporate governance;
- 🌟 succession planning for the top executive management of the company.
O.Okunev also singled out the issue of evaluation of the Supervisory Board in general and each member of the Board in particular.
The second module of the Corporate Director program concluded with an exciting interactive presentation by Sergiy Pogrebnoy, Partner at Sayenko Kharenko, Chairman of the Board of Trustees at the Association of Corporate Security Professionals of Ukraine, and Vice President of ASIS Ukraine on corporate security of business and the role of the Supervisory Board in the process of ensuring this security.
S.Pogrebnoy noted that corporate security is a structured set of measures and actions, which combines the main methods and principles of the types of security required for the company, implemented in business processes and imposed on the best practices of corporate governance, aimed at the uninterrupted, conflict-free, sustainable operation of the company, includes all employees of the company, ensuring its profit and strategy for its future development.