Internal Audit & Governance Conference

Theme: Failure of Corporate Governance: A Symptom of Failed Institution.

Venue: Bayelsa State Guest House Plot Opposite Federal Ministry of Justice., 1038 Shehu Shagarl Way, Maitama, Abuja

Date: 7th – 10th July 2020
Fee: Participants based outside Nigeria $500 or Participants based in Nigeria N75,000

conflict management

Conference Overview

The major reasons organizations fail include lack of corporate governance arising from leadership failure, poor financial management, lack of  uniqueness and value amongst others.
Corporate governance is a set of rules, practices and processes used to direct and control a company. It involves balancing the interests of a company’s stakeholders such as management, shareholders, suppliers, customers, financiers, government and the community. Moreover, it is essential for the success and sustainability of the business over a period of time. When the set of rules and processes which form the governance mechanism of a firm are ineffective or fail, it can have disastrous consequences for a business. Several large organisations such Enron, Skye bank, Cadbury, Wal-Mart & Xerox were severely impacted due to corporate governance failures.
Corporate governance is of paramount importance to an organization  and is almost as important as its primary business plan. When executed effectively, it can prevent corporate scandals, fraud and the civil and criminal liability of the company.  Corporate governance keeps a company honest and out of trouble.

How will this conference assist you?

This conference will identify several warning signs which a firm must take note of in order to avoid such failures.
Participants will be shown how to handle some  governance issues faced by  firms which eventually lead to corporate governance failures such as –

  • Ineffective governance mechanisms, for example, lack of board committees or committees consisting of few or a single member.
  • Non-independent board and audit committee members, for example where a CEO fulfilled multiple roles in various committees
  • Management, who deliberately undermines the role of the various governance structures by circumventing the internal controls and making misrepresentations to auditors and the Board.
  • Inadequately qualified members, for example, audit committee members not having appropriate accounting and financial qualifications or experience to analyse key business transactions, family members holding board positions without appropriate knowledge or qualifications.
  • Ignorance by regulators, auditors, analysts etc of the financial results and red flags.

This comprehensive 4-day programme will cover:

  • The current state and direction of best practices in corporate governance
  • Implementing and embedding best practices within your organisation /institution
  • How to structure board committees, institutional policies and procedures to conform to international requirements and expectations
  • How to communicate governance procedures to outside stakeholders including shareholders, governments and communities
  • Implementing governance directives within the management of the institution
  • Analysing the governance of other institutions
  • Governance as a competitive edge
  • Identifying and maximising the financial benefit from improved corporate governance and procedures
  • Value the shareholder and stakeholder rights and responsibilities
  • Adhere to sound principles of direction and management
  • Understand the significance of audit committee, its composition and responsibilities
  • Implement best practices on corporate management
  • Reputation, Competition and Corporate Governance
  • Corporate Ethics
  • Corporate Governance and Corporate Responsibility
  • Globalization and Corporate Governance
  • Models of Corporate Governance
  • Mechanisms of Corporate Governance
  •  Responsibilities of Shareholders
  • Minority Shareholders’ Protection
  • Stakeholder Protection
  • Structure and Independence of the Board
  • Responsibilities and Duties of the Board
  • Selection, Remuneration and Evaluation of the Board
  • Board Committees
  • The Board and the Management
  • Organization of Audit Committee
  • Responsibilities of the Audit Committee
  • Working with Auditors and Management
  • Bad Corporate Practices


  • Practical presentations on formulating and implementing modern international corporate governance principles will be blended with case studies drawn from recent international precedents.
  • Workshop projects that simulate real-life experiences will help to reinforce key principles.

Who should attend

  • Directors & Board Members
  • Audit Committee members
  • Company secretaries and governance professionals
  • chief financial officers
  • Internal Auditors
  • Corporate counsel
  • Senior company management
  • HR managers, and department heads
  • Investors and fund managers
  • Analysts
  • Regulators
  • Securities exchange officials
  • Lawyers & legislators

Target Competencies

  • Understanding board of directors structure
  • Analyzing board committees
  • Assessing board power
  • Defending shareholder rights and responsibilities
  • Employing the control environment
  • Evaluating wealth maximization
  • Identifying stakeholders rights
  • Overview of Corporate Governance (CG)
  • Stakeholders in corporate governance
  • Functions and structures of corporate governance
  • Practical corporate governance best practices
  • Disclosure and transparency


ACCOMMODATION: This Conference is non-residential. Participants are to lodge in hotels of their choice near the conference centre. A list of these Hotels will be provided on request.

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