An Advanced Guide to Board Meetings & Governance - What The FCA Expects

Introduction

Effective governance and regulatory compliance require more than an understanding of FCA rules and responsibilities. Boards and senior managers need to understand how these requirements translate into a formal governance structure, effective oversight, meaningful challenge, informed decision-making in practice and evidence that will provide an appropriate level of regulatory support.

The expectations placed on senior leaders make it essential that Boards have the right discussions, ask the right questions and maintain appropriate oversight of compliance across the business. This includes understanding the role of non-executive directors, making effective use of Board meeting time and ensuring that discussions and decisions are appropriately documented.

This live, interactive virtual classroom session will explore what good governance and compliance oversight look like in practice for FCA authorised and regulated firms. It will consider common pitfalls; the importance of a positive compliance culture and the practical steps Boards and senior management can take to strengthen their approach and meet regulatory expectations.

The session is aimed at senior managers and Board-level teams of FCA authorised and regulated firms, as well as those who provide legal support to their financial services clients.

What You Will Learn

This live and interactive course will cover:

• The FCA’s expectations of Boards and Senior Managers in relation to effective governance
• What a healthy organisational culture looks like in practice and how leaders influence the behaviours and outcomes that matter
• How Board structures, responsibilities and ways of working contribute to effective oversight and challenge
• How to make compliance a meaningful part of Board discussions, rather than simply an item on the agenda
• How to develop effective Board discussions that test assumptions, explore risks and support informed decision-making
• The role of Board members, papers, management information and minutes in evidencing effective oversight and challenge
• Common governance and culture failings and the practical steps firms can take to address them
• How to support the ongoing development and effectiveness of Board members and executive teams
• How Board effectiveness reviews can identify meaningful opportunities for improvement and strengthen governance in practice

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.