Advanced Diploma in Governance, Compliance

Course Details

Course Level Advanced Diploma
Language English
Duration 12 Months
Category Business Management

Academic & Corporate Communication

Content:

This syllabus is designed to build confidence in speaking, listening, reading, and writing English in business contexts. Students will increase vocabulary and practice using Business English in everyday business situations on the telephone, and in meetings, presentations or negotiations. In addition, students will develop Business English skills by writing e-mails, memos and business letters, participating in simulated meetings and role-plays, and discussing case studies.

Objective

The Syllabus aims at increasing the students’ ability to communicate in English and to improve the

confidence in dealing with corporate business environment

  • Business skills: Presentations, Negotiations, Meetings, Socializing, Introductions, Telephoning, writing reports, Writing business letters
  • Tasks: activities students need to do using the language in order to achieve something
  • Lexis: idioms, expressions, vocabulary, etc.
  • Functions: agreeing, disagreeing, giving explanations, taking the floor, interrupting, asking for opinions, etc.
  • Texts: examples of authentic written and spoken texts.
  • Grammar: word order, adverbial phrases, if clauses, verb tenses. For example: to describe trends students need to know when to use the present progressive, the past simple or the present perfect.
  • Learning strategies: recording vocabulary, looking for information
  • Intercultural skills: awareness of different cultures

Learner Outcome:

On completion of the syllabus, students shall be able to

  • Understand how English is used to communicate in writing and orally in different business contexts, including meetings, presentations and business correspondence
  • Demonstrate a basic knowledge and understanding of the grammar and style of the English language
  • Write business letters and internal communication in English
  • Prepare and carry out short, business economy-related presentations in English, both individually and in groups
  • Read, summarize and discuss the business economics-related books, magazine articles, and scientific papers
  • Master a basic vocabulary of business economics-related words and phrases, and a knowledge of basic English grammar

Requirements and Evaluation:

Oral presentation 20%

English Mastery 20% (as shown in class responses and in oral and written assignments)

Written assignments 30% (vocabulary, listening, reading, email, faxes, short

reports, letters, C.V., etc.)

Final exam 30%

Emotional Intelligence

Content:

What exactly is emotional intelligence?

Emotional intelligence (otherwise known as emotional quotient or EQ) is the ability to understand, use, and manage your own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges and defuse conflict. Emotional intelligence helps you build stronger relationships, succeed at school and work, and achieve your career and personal goals. It can also help you to connect with your feelings, turn intention into action, and make informed decisions about what matters most to you.

Emotional intelligence is commonly defined by four attributes:

Self-management – You’re able to control impulsive feelings and behaviors, manage your emotions in healthy ways, take initiative, follow through on commitments, and adapt to changing circumstances.

Self-awareness – You recognize your own emotions and how they affect your thoughts and behavior. You know your strengths and weaknesses and have self-confidence.

Social awareness – You have empathy. You can understand the emotions, needs, and concerns of other people, pick up on emotional cues, feel comfortable socially, and recognize the power dynamics in a group or organization.

Relationship management – You know how to develop and maintain good relationships, communicate clearly, inspire and influence others, work well in a team, and manage conflict.

Why is emotional intelligence so important?

Objective:

Emotions can influence the way we act and react in the workplace. Emotional Intelligence is the ability to recognize behavior’s, moods, and impulses, and manage them in a positive way so that one can communicate effectively, empathize with others, manage stress, overcome challenging situations and defuse conflict. Emotional intelligence helps to build stronger relationships, at work, and achieve career and institutional goals.

Learner Outcome:

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

Define Emotional Intelligence (EQ).

Identify the benefits of emotional intelligence.

Learn the four core skills required to practice emotional intelligence.

Define and practice self-management, self-awareness, self-regulation, self-motivation and empathy.

Successfully communicate with others in a non-verbal manner.

Verbally communicate with others.

Interpret and manage your emotions. Master tools to regulate and gain control of one’s own emotions

Articulate your emotions using the right language.

Balance optimism and pessimism.

Effectively impact others.

Relate emotional intelligence to the workplace.

Use the concepts and techniques in the workplace

Governance & Best Practices

Content 

  • What is Corporate Governance
  • Models of Corporate Governance
  • The Definitions of Corporate Governance
  • The Regulations and Practice
  • Good Governance
  • Secretaries’ role in Governance
  • Board Directors
  • Shareholders
  • Auditors’ role in corporate governance
  • Legislations

Objective:

The module covers.

A fast-growing area of the theory and practice of corporate governance and its role in the strategic management of the modern corporation.

  • To make clear; the principles of corporate governance (CG).
  • To provide tools for analysis of a company’s corporate governance system.
  • To develop the skills in analysis of CG relationship with companies’ performance.
  • To acquire the knowledge of basic functions of CG, key financial and non-financial stakeholders, the role of financial and non-financial institutions in a company’s governance, key concepts of CG.
  • To acquire the ability to analyze principles of decision-making, to determine the key interests of major stakeholders, to analyze the system of CG.
  • To acquire the skills of matching CG decisions and a company’s strategy, alongside taking ethical and reasonable, data-driven CG decisions.

Learning outcome:

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

  • Critically apply corporate governance theories and frameworks to various corporate governance structures found in their local environments and understand principles of corporate goals and strategy forming processes.
  • Demonstrate a solid understanding of the purpose and nature of corporations.
  • Show an advanced understanding of the role of the board of directors in shaping the strategy of a company and protecting the interests of stakeholders. They should understand the relationship between ownership theories and corporate governance practices.
  • Students should understand recognize stakeholders’ interests in corporate governance.
  • Explain the importance of regulation, markets and information in corporate governance.
  • Evaluate international differences and similarities in relevant institutions and developments.
  • Critically assess governance concerns for individual corporations and their stakeholders.
  • Show an advanced understanding of the relationship between the management of a company and the objectives of the relevant stakeholders.
  • Identify the key factors shaping the debate on the recent development of corporate governance regulations and code.
  • Assess the difficulties facing companies required to apply their own national corporate governance regulations in foreign subsidiaries and joint ventures.
  • Demonstrate a critical appreciation of the growing importance of corporate responsibility and how it relates to corporate strategy.

Compliance & Risk Management

Content

Understanding the Regulatory Environment

Financial Industry and Risk Management

The Role of the Compliance Officer

Governance and Creating Compliance Culture

Risk of Money Laundering and Financing of Terrorism

Managing the Financial Crime/Frauds

Objective

The module covers

  • Understand the core concepts related to governance, risk management and compliance (GRC)
  • Understand the key roles necessary to create an integrated GRC capability at your organization (e.g., audit, legal, human resources, IT, compliance, risk management, ethics, the boards, etc.).
  • Learn the necessary components to help your organization become a Principled Performer – reliably achieve objectives while addressing uncertainty and acting with integrity.
  • Motivate and inspire desired conduct through the concept of Principled Performance.
  • How to develop and implement a GRC strategic plan.
  • Align risk and compliance in the context of your organization.
  • Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance Implement GRC processes that are effective and efficient.
  • Learn how to assure the GRC activities by using a risk-based audit approach.

Learning outcome 

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

  • Become familiar with compliance as an organizational Principle.
  • Understand why managing risk and compliance are important to you as an employee, and to the organization as a business; and Learn about the support and resources available to help.
  • Explain existing regulatory as well as supervisory mechanisms that ensure the creation of a deep, efficient, transparent and accountable financial sector.
  • Demonstrate an effective understanding of the role of the compliance officer/manager in the company.
  • Identify the elements or characteristics of an effective risk management.
  • Compliance and governance framework in the financial institution.
  • Evaluate the risk of internal and external systems of control in their institutions.
  • Design, implement and maintain an effective risk, compliance and governance structure.

Corporate Law

Content

What is Corporate Law.

Legal History of Company Law in Sri Lanka

Classification of companies

Formation of Companies

Stakeholders

Capital of a company

Contracts

Management and officers of companies

Stakeholder rights

Amalgamations

Winding up.

Register General of Companies

Offences under the Act

Application of companies Act of 2007 and legal principles.

Objective:

The module covers

The elementary ideas and the logic of the corporate law. In that the students will be acquainted with the legal norms regulating the subjects of the corporate law, their legal structure and the position (status) of the trading subjects.

An in-depth knowledge about incorporation, raising capital by companies, borrowings and investments by companies, foreign direct investment, corporate restructuring, corporate insolvency and other related important issues.

Learning outcome:

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

Apply Companies Act and legal principles in business activities.

Corporate personality.

The incorporation processes.

The corporate constitution.

Company contracts.

Administration of companies and management of the business of companies.

Duties and liabilities of directors and officers.

Share capital and membership.

Members’ remedies.

Company credit and security arrangements.

Winding up of companies.

Business Law

Content

Business Law or commercial law is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.

Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.

Business Law is a law specialization which is also referred to as Mercantile Law. Business Law deals with the laws of which every deal between people and commercial firms are governed.

Business Law has two distinct areas of functioning which are:

Regulation of commercial entities that is done through laws of company, partnership, bankruptcy, and agency.

Regulation of commercial transactions that are done through the laws of contract.

Objective:

The module covers a fast-growing area of the theory and practice of Business Law and its role in the strategic management of the modern corporation.

Knowledge: Basic and broad knowledge in business laws in management. Ability to

apply concepts, principles and theories to understand simple business laws.

Global Perspective: Awareness of the different business laws.

Awareness of the global business laws and its impacts on businesses.

Learning outcome:

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

  • Understand the general legal boundaries that define the regulation of business, including the general parameters of business association law, tax law, and commercial law.
  • Recognize the most common forms of business associations, including partnerships, limited liability companies, and corporations.
  • Understand the rules governing formation, management and dissolution of the most common forms of business associations, as well as the implications of choosing one form of association over others.
  • Understand basic legal principles that govern the following advanced business association topics: securities offerings, mergers and acquisitions.
  • Understand basic commercial law principles that govern the following areas: sale of goods, creation and enforcement of security interests in personal property, or real estate transactions.
  • Understand at a beginning level of the following specialized business topics: antitrust, consumer law, intellectual property law, international trade.
  • Integrate concept of business law with foreign trade.

Corporate Secretarial Practices

Content:

With an increasing focus on corporate governance in recent years, the role of the company secretary has evolved to become the central point for governance operations and strategic influence between the executive management and the board.

Company Secretary is the governor in a company. A certified Company Secretary handles the legal aspects of a business enterprise or an individual. A CS is responsible for maintaining and auditing the company’s tax returns, keeping records, advising the board of directors regarding the financial health of the company and ensuring that the company complies with legal and statutory regulations.

Objective:

The module covers the role of Company Secretary and his/her responsibilities in the strategic management of the modern corporation.

Develop a good understanding on the concept and features of a company, Identify the roles and responsibilities of Directors, Shareholders and other key players in the business.

Understand the classes of shares and the laws governing it, identify statutory provisions on meetings, AGM, Annual Return and Financial Reporting, and Perform filing of common transactions with confidence and ease.

To provide an in-depth understanding of the procedures under the Companies Act, Rules and Regulations made thereunder including understanding of international dimensions of company law.

Learner Outcome:

By the end of the module the student should demonstrate a satisfactory level of understanding and application of:

Have a thorough understanding of the role of the company secretary and the differing responsibilities of shareholders, the company secretary, the board of directors or governing body, the executives, management and stakeholders.

Identify and describe the role and functions of company secretaryship pertaining to compliance with company policies government rules and regulation, and the proper running of company business;

Explain the procedure of incorporating the different types of companies and their terminations.

Identify the implication of different types of share capital, share registration practice and methods in raising new capital;

Explain matters pertaining to listing the company and the listed company’s obligations in notifiable transactions, insider dealing and directors’ responsibilities to avoid insider dealing; and

Prepare notices, agendas, resolutions and minutes of company meetings