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Module 5: Governance and the Public Good (OPTIONAL)

Module 5: Governance and the Public Good (OPTIONAL)
Price: $ 1495.00
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Module 5 is an optional, stand alone module.

This Module can be taken on its own, or in addition to the full 4 Module Program.  

Successfully completing all 5 Modules earns the student the further designation of Pro.Dir.Gov - short for Professional Director Government.  This designation will serve you well should you serve on any type of public sector board.

Module Five, entitled Governance and the Public Good, has been designed to situate corporate governance in the larger political context, beginning with session 1 understanding the fiduciary duties and resulting expectations for a board member of a public sector enterprise, and then session 2 understanding the role of a public sector director and any particular nuances and implications for being on the board of a public sector entity.

Session 3 covers “Why Government” moving then to session 4 and a consideration of the differences between the public and private sectors. A big part of understanding the governmental context of governance is to consider the various ways in which governments accomplish their objectives. These have been changing in ways you will want to understand, and session 5 deals directly with these changes.

In session 6 you will learn more about risk and how to mitigate it, this time the risk that arises in a political environment. Session 7 is about how to make better decisions in the presence of both limited and biased information. You’ll learn about biases and how to confront them. Session 8 will address the topic of accountability in a political environment. You’ve already learned about your responsibilities to the organization you are part of; this session focusses on how politicians and public servants interpret accountability and how their concerns can become yours.

Finally, session 9 focuses specifically on chairing the board of a public sector enterprise and the particular nuances of that role.

Learning Objectives

Successful participants of Module 5 will:

  • - Understand their fiduciary duty and the resulting expectations for board service in the public sector.
  • - Understand the role of a public sector director and any particular nuances and implications for being on the board of a public enterprise
  • - Understand the purpose of government and the implications for the boardroom
  • - Be able to distinguish the differences and similarities between private and public sector corporate governance
  • - Know what public policy instruments are available to government and what that means for boards
  • - Know how to mitigate risk and uncertainty and act on opportunities when faced with political (governance) risk
  • - Understand how to make better decisions in the presence of both limited and biased information received from others, as well as their own cognitive limitations
  • - Learn how to secure and deliver accountability in a political environment, including the ways in which organizations and individuals seek to avoid being held accountable
  • - Understand the role of the chair and any particular nuances and implications for chairing a public enterprise

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