Background:

The Board of Directors (BoD) is responsible for the effective governance of banks, financial institutions (FIs), and NBFCs, with a significant role in superintendence, control, and direction. The financial ecosystem is undergoing transformational change due to strategic and global uncertainties, the proliferation of new competitors, digital transformation, and the opportunities and challenges of aspirational India. These factors have made the nature and frequency of risk events increasingly unpredictable. Board members must meet the fit and proper criteria, possess a strong grasp of risk management practices, compliance functions, audit processes, legal and regulatory aspects of corporate governance, and contribute to implementing HR best practices. Furthermore, members should stay abreast of emerging trends, maintain an efficient feedback mechanism, and be open to accommodating divergent views. As committee members, they should have a clear understanding of the latest regulatory instruction, objectives and functioning of the respective committees. The BoD is responsible for ensuring strategic oversight of assurance functions and must be fully conversant with the business environment and potential disruptions. Members must be fully aware of both the benefits and risks of using advanced technologies in business, along with the related regulatory developments. As wise guides, the BoD is expected to play a positive, transformational role in the institution’s development.

Objective:

It is, therefore, crucial for banks, financial institutions (FIs), and NBFCs to ensure that their Boards possess a strong understanding of applicable regulatory and governance standards. This program aims to enhance board effectiveness through lectures, panel discussions, and interactions focused on both policy and practical aspects of board governance and functioning. It will provide opportunities to engage with regulators and industry leaders on the challenges and potential remedial measures related to governance and assurance issues.

Program Highlights:

• Governance & Business Growth: A Balancing Act
• An overview of Risk Management
• Human Resources in Banks: Key Challenges
• Governance & Managing IT & Cyber Risk
• Stressed Assets – Looking back and way forward under IBC
• Financial Crime Risk Management
• Strengthening the Compliance, Control Systems & Operational Resilience
• Fraud Risk Management, Willful Default & EWS
• A discussion on the Role & Responsibilities of Board Members in various Committees