Wednesday 8 July 2015

Content of: Strategy, Governance and Ethics



KASNEB SYLLABUS
CONTENT:

1.      OVERVIEW OF MANAGEMENT
-          Importance of management
-          Principles of management
-          Management as a science, an art or a profession
-          Functions and roles of management
-          Levels of management and managerial skills
-          Management and administration

2.      DEVELOPMENT OF MANAGEMENT THOUGHT
-          Pre-industrial revolution management theories
-          Classical theories, neo-classical theories
-          Contemporary theories

3.      OVERVIEW OF MANAGEMENT FUNCTION
-          Planning
-          Organizing
-          Staffing
-          Directing
-          Controlling

4.      OVERVIEW OF CORPORATE STRATEGY AND GOVERNANCE
-          meaning of strategy, management and strategic management
-          scope of strategic management
-          levels of strategic management
-          benefits of strategic management
-          limitations of strategic management
-          strategic management process
-          meaning and importance of governance
-          principles of corporate governance
-          best practice in corporate governance
-          codes of corporate practices and conduct in public and private sectors
-          corporate governance theories


5.      ENVIRONMENTAL ANALYSIS
-          purpose of environmental analysis
-          internal environment analysis
-          external environment analysis

6.      STRATEGY FORMULATION
-          Organizational vision and mission
-          Organizational goals and objectives
-          Development of corporate strategy and business strategy
-          Strategic options
-          Strategy formulation constraints
-          Competitive advantage

7.      STRATEGY IMPLEMENTATION
-          Organizational structure
-          Resource allocation
-          Organizational culture
-          Role of leadership on strategy implementation
-          Innovation and knowledge management
-          Constraints to strategy implementation
8.      STRATEGIC MONITORING AND EVALUATION
-          Purpose and role of strategic monitoring and evaluation
-          Process of strategic monitoring and evaluation
-          Tools of strategic monitoring and evaluation
-          Role of management information system
-          Performance measurement; balance scorecard and benchmarking
-          Features of good strategic monitoring and evaluation system
-          Review and feedback
-          Continuous improvement

9.      MANAGEMENT OF STRATEGIC CHANGE
-          Strategic leadership
-          Implementing change
-          Managing organization power and politics
-          Business excellence model
-          Learning organization
-          Lean and quality management

10.  PROMOTING GOOD CORPORATE GOVERNANCE
-          Rights of shareholders and responsibilities to stakeholders
-          The chairman, board of directors and management
-          The secretary
-          Duties, and responsibilities of auditors
-          Investor education
-          Internal and external corporate governance controls

11.  COMPOSITION, APPOINTMENT AND DUTIES OF DIRECTORS
-          Mix of skills and competencies of directors
-          Executive and non-executive directors
-          Qualification, appointment, removal, retirement and reappointment
-          Director’s remuneration
-          Directors training and development
-          Directors liabilities and insurance indemnity
-          Framework for performance evaluation of the board of directors
-          Statutory and fiduciary duties of directors
-          Directors as agents of shareholders
-          Matters reserved to the board of directors
-          Conflict of interest and disclosure
-          Code of good boardroom practice

12.  ENTERPRISE RISK MANAGEMENT(ERM)
-          The ERM framework: Risk management philosophy, risk appetite, control
-          Categories of risk
-          Management risk: financial and operational risk; risk management process
-          Role of the board in ERM
-          Risk response: avoidance, reduction and sharing

13.  PROFESSIONAL VALUES AND ETHICAL PRINCIPALS
-          Professional judgment..
-          Confidentiality
-          Ethics: definition, theories and principles on ethics
-          Ethical norms, morality and values
-          Code of ethics
-          Standards of conduct and personal integrity
-          Ethics in business
-          Corporate social responsibility

14.  CONFLICT OF INTEREST AND INSIDER TRADING
-          Conflict of interest and market manipulation
-          Disclosure of interest
-          Communication of the conflict of interest
-          Insider trading
-          Whistle blowing
-          Conflict of interest register
-          Dispute resolution mechanism

15.  EMERGING TRENDS

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