Corporate Governance: Maximize Your Effectiveness in the Boardroom

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Course Dates

STARTS ON

December 16, 2021

Course Duration

DURATION

6 weeks, online
4–6 hours per week

Course Duration

PROGRAM FEE

US$2,600 US$2,350 or get US$260 off with a referral

Course Information Flexible payment available

Application Details

Round 1

The deadline for this round has passed

1
Round 2

US$2,350 / program fee

Application Deadline
2

Overview

Today’s organizations are working harder than ever to adapt to a rapidly changing world. This requires effective corporate governance that can help them increase their accountability and avoid major disasters while also being more responsive to stakeholder concerns and more transparent with investors. Whether you’re already on a board or looking to join one, this program will help you navigate unexpected enterprise risks while capably monitoring financial performance. From the technical responsibilities of a board to the nuances of guiding an organization through contemporary challenges, you’ll get a comprehensive overview of the role of corporate governance and gain critical insights into the realities of board service.

10%

Just 10% of Russell 3000 directors are members of an ethnic minority group, and only 15% of new directors are ethnically diverse.

SOURCE: Harvard 2020 Global and Regional Corporate Governance Trends

25%

Over the past five years, the U.S. increased its corporate governance scores by 25% — nearly four times more than Brazil and Canada.

SOURCE: 2020 Refinitiv report

Who is this program for?

The Corporate Governance: Maximize Your Effectiveness in the Boardroom program is designed to give participants a deeper understanding of corporate governance and help boost their effectiveness on a corporate board.

The program is ideal for:

  • Current board members and senior executives interested in joining a board who want to understand the various aspects of proactive governance and help drive strategic direction, risk oversight and the establishment of compensation.
  • C-suite executives looking to explore the duties and nuances of board service, help strengthen their company's financial return, enterprise risk management and governance diversity, and learn to effectively take on existing and emerging issues.
  • Attorneys engaged in legal services who are seeking to learn the fundamentals of corporate governance from a variety of angles and how to assess the effectiveness and execution of governance roles and responsibilities.

Key Takeaways

Wharton’s Corporate Governance program explores the role, structure, and responsibilities of corporate governance to help you succeed as a board member. This program will enable you to:

  • Define the board’s role and responsibilities as well as characteristics of successful board leaders
  • Ensure proactive governance and learn how to prepare for potential risks
  • Recognize key considerations of compensation and succession planning
  • Define strategies for board members, executives, and other environmental, social, and governance (ESG) integrators to respond to conflicting demands and societal challenges to their organization
  • Plan for how to manage the competing interests of stakeholders and shareholders

Program Modules

Module 1:

Introduction to Corporate Governance

Begin the program by learning the basic structure and responsibilities of a board as an organization’s top level of governance.

Module 2:

Building a Diverse and Inclusive Board

Explore the features of an inclusive board culture and its role in leveraging diverse talent.

Module 3:

Compensation and Succession

Articulate the role of the board in CEO compensation and succession planning.

Module 4:

Crisis Management

Describe how a board should manage crisis situations and/or internal investigations.

Module 5:

ESG and Shareholder Engagement

Gain insights into the challenges and benefits inherent in ESG and outline considerations for developing an optimal organization-level ESG strategy.

Module 6:

Balancing Stakeholder and Shareholder Interests

Recognize the influence of non-market factors (such as external social, political, and legal forces) on organizations.

Module 1:

Introduction to Corporate Governance

Begin the program by learning the basic structure and responsibilities of a board as an organization’s top level of governance.

Module 4:

Crisis Management

Describe how a board should manage crisis situations and/or internal investigations.

Module 2:

Building a Diverse and Inclusive Board

Explore the features of an inclusive board culture and its role in leveraging diverse talent.

Module 5:

ESG and Shareholder Engagement

Gain insights into the challenges and benefits inherent in ESG and outline considerations for developing an optimal organization-level ESG strategy.

Module 3:

Compensation and Succession

Articulate the role of the board in CEO compensation and succession planning.

Module 6:

Balancing Stakeholder and Shareholder Interests

Recognize the influence of non-market factors (such as external social, political, and legal forces) on organizations.

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Program Experience

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Discussion Boards

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Polls

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Reflections

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Industry Examples

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Assignments

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Live Office Hours

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Try-it Activities

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Self-Study Quizzes

Industry Examples

This online program provides real-world learning examples to help you understand the realities of corporate governance in practice through the experiential lens of leading global brands.

Logo of Apple

Apple

Analyze Apple’s board demographics to understand the value of diversity in background, experience, and skill sets.

Logo of Disney

Disney

Understand the importance of board accountability and how a captive board can reduce oversight in governance via this example of Disney’s board being comprised of friends and acquaintances of its president, Michael Ovitz.

Logo of Mylan

Mylan

Understand the impact of non-market factors through this example of the pharmaceutical organization, Mylan.

Logo of Starbucks

Starbucks

See how some companies (Starbucks,in this case) take diversity to heart and the influence that a diverse board can have.

Logo of Wells Fargo

Wells Fargo

Recognize the impact of diversity in background, experience, and skill sets through an analysis of Wells Fargo’s board composition.

Corporate Governance Handbook

This program enables you to explore the processes and responsibilities that drive corporate governance. It also includes a handbook where you can reflect on the program content and how it can help you succeed in a board member role. Topics addressed in the handbook include:

  • Laying the groundwork: Begin by drafting your director bio and exploring the importance of marketing yourself.
  • Conducting a personal skills audit: Assess your professional background to help you understand your strengths and any critical gaps in your knowledge or experience for board positions you’re seeking.
  • Finding your director doppelganger: Focus on strategically networking with directors who possess experience/characteristic profiles that are similar to yours, as they can help point you toward boards that are looking for a candidate with your profile.
  • Demonstrating your grit: Be able to persuasively articulate your experience in crisis/adversity situations.
  • Completing a leadership style assessment: Consider how your style informs the way you would manage various stakeholders, as well as which stakeholders you’re most comfortable interacting with and/or advocating for in the boardroom.
  • Putting the pieces together: Define and characterize your personal guiding principles via a concise and effective board value statement.

Faculty

Faculty Member Mary-Hunter McDonnell

Mary-Hunter McDonnell

Associate Professor of Management, Organizational Behavior, The Wharton School

Mary-Hunter McDonnell studies organizational behavior within challenging institutional contexts, such as contentious social environments and uncertain regulatory environments. Her research draws on organizational theory and political sociology to explore political interactions between corporations and their myriad stakeholders... More info

Guest Speaker

Faculty Member Sean P. McDonnell

Sean P. McDonnell

Partner, Mayer Brown

Sean McDonnell is a partner in Mayer Brown's Washington D.C. office and a member of the global Litigation & Dispute Resolution practice. Previously, Sean was an Assistant United States Attorney (AUSA) in the U.S. Attorney’s Office for the Eastern District of Pennsylvania.

During his tenure as a federal prosecutor, Sean first-chaired several jury trials to verdict and oversaw large-scale investigations, including complex wiretap and forensic financial investigations. He prosecuted a variety of cases involving, among other things, tax fraud, wire fraud, insurance fraud, bank fraud, and public corruption.

Before his stint as an AUSA, Sean was a litigator in Mayer Brown’s Chicago and Washington D.C. offices, where he represented corporate clients in white-collar investigations and various civil litigation matters, including antitrust and securities cases. He regularly teaches courses on managing legal risk at the Wharton School, including a recent “Crash Course on Internal Investigations” seminar.

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon successful completion of the program, you will earn a digital certificate of completion from the Wharton School.

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Note: After successful completion of the online program, your verified digital certificate will be emailed to you in the name you used when registering for the program. All certificate images are for illustrative purposes only and may be subject to change at the discretion of the Wharton School.

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