Incentive Compensation Plans That Incentivize - Design Plans That
Work!
Incentive plans change behavior, but do incentive plans really incentivize
the performance we want? This seminar will examine incentive plans to see which
ones work and which do not. We will also examine difficult issues, such as what
happens when we have upper and lower limits on incentives? How do we recognize
performance in divisions facing different challenges? Sadly, too many incentive
plans do not achieve the intended goals. Learn from the many mistakes made by
others, so your incentive plans will work as planned!
Topics Discussed
- What are incentive plans trying to achieve?
- Types of incentive plans commonly found
- What are the advantages and disadvantages of each?
- What makes a plan work or fail?
- Compensation methods – stock, options, cash, etc.
- Specific issues in design – The unequal challenge, upper and lower limits,
and tying to objectives
- How to test a plan to ensure that it will work
Objectives: How to successfully design an incentive compensation plan that
fits the needs of the organization
Beyond the Boardroom: Corporate Governance Best
Practices
Balancing financial responsibilities with ethical leadership and governance
practices can often seem daunting, particularly in smaller organizations. In
this session, we will discuss practical skills needed to lead with
accountability, set high ethical standards, how to engage with the Board
effectively, and drive true governance practices that go beyond buzzwords.
Numerous organizations have embraced better governance because it is needed and
is effective. We will discuss why better governance is imperative and how to
implement the best governance practices.
Topics Discussed
- Accountability in the workplace
- Leadership, governance and ESG (Environmental, Social and Governance)
- The role of the Board in governance
- Setting ethical standards
- The keys to true governance best practices
- Practical applications in smaller organizations
Objectives: Develop strategies for enhancing accountability and transparency
in financial management. Understand the critical role of leadership in fostering
an ethical governance culture. Learn effective ways to engage with the Board and
C-suite to drive governance excellence and stakeholder trust. Implement best
practices for setting and upholding ethical standards in financial
decision-making. Explore practical approaches to implementing corporate
governance in smaller organizations.
Developing a Great Internal Audit Department: The
Process?
What can we do and how can we make our Internal Audit department better? How
does Internal Audit add value? What measurables should we use? What are the key
factors to get right? We will show you how to transform Internal Audit into a
profit center. Renowned organizations rotate future leaders through Internal
Audit for a reason. Operational and other audits performed with the right
processes, procedures, and personnel are key to success throughout the
organization. The modern Internal Audit department pays for itself. If you are
interested in getting the most bang-for-the-buck from Internal Audit, this
seminar will deliver.
Topics Discussed
- The six factors required for Internal Audit to deliver value
- The most important factor
- Implementing Internal Audit guidelines
- How to measure value and progress
- What distinguishes a good department from a great department?
- Key skills for excellent Internal Auditors
- The proper mindset and goals
- Getting and keeping the right staff
- How to cost-justify Internal Audit
- Effectively communicating with the Board and other leaders
Objectives: Recognize the value that an effective Internal Audit function can
deliver. Measure the impact of Internal Audit. Make the business case for
Internal Audit to management.
Ethical Dilemmas: Navigating Blurred Lines: Ethical Decisions Making
Made Easy
Ethics is always complicated. Enhancing your ethical decision-making
skills is vital when dealing with omnipresent pressures in today's world. This
seminar discusses a clear and easy-to-follow framework for navigating complex
ethical dilemmas. You will gain the confidence to make sound ethical decisions
in various professional settings using a practical and straightforward approach
to ethics. Maintain your integrity and maintain your license. Ethics is not
something to merely satisfy requirements. Ethics is who we are, what we stand
for and why we are valuable.
Topics Discussed
- Understanding ethics and moral principles
- Identifying ethical dilemmas
- Analyzing consequences and the impact on stakeholders
- Applying ethical decision-making models
- Effectively using the Code of Professional Conduct
- Managing ethical conflicts and resolutions
Objectives: Evaluate ethical dilemmas using established frameworks. Apply
ethical decision-making models to real-world scenarios. Analyze consequences and
stakeholders' perspectives in ethical conflicts. Demonstrate effective
communication in resolving ethical challenges. Develop a personal ethical code
to guide professional conduct.