• Larger companies such as those listed on the stock exchanges, are run by a management team under the CEO while shareholders as investors are not involved in the business operations. Instead, the shareholders appoint directors to represent them in the company , and to review and guide the CEO and his team.
  • If the directors are to play their roles effectively to guide the CEO and review the results of the operations, the directors must be able to recognize the major issues and their financial implication. A lack of such financial capabilities would mean the directors are handicapped and are likely to be led by the CEO instead of the other way round. The board of directors need to formulate and review financial policies, evaluate performances and discuss financial plans. This programme is designed around these issues that the directors are expected to deal with, and provides a framework for dealing with them