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Effective Succession Planning and Compensation Decisions

Overview

In partnership with the Singapore Institute of Directors (SID), this unique module provides a 360-degree board-level view of key strategic areas and issues faced by company directors.

This module is designed to equip participants with the knowledge to design effective succession planning programs, understand and define key leadership roles, implement robust evaluation processes, develop strategic compensation plans, and navigate the complexities of executive compensation benchmarking. Through practical discussions and case studies, participants will learn how to balance Board rewards and risks, ensuring your company's leadership is poised for sustainable success and long-term value creation.

  • Next Course Starts On 21 Nov 2024 (Thu)See Full Schedule
  • Duration21 - 22 Nov 2024 (Thu to Fri) Full
  • LevelAdvanced
  • VenueSingapore Management University

Learning Objectives

Succession Planning

  • Provide an understanding of how to design a succession planning programme to ensure continuity of talent in key C-suite positions.
  • Share approach to define the need for these key leadership roles and identify which employees should be developed to fill these positions in the future.

Compensation

  • Provide insight on how to develop effective compensation plans that are closely linked to a company’s talent strategy and aligned with its goal of creating shareholder value.
  • Outline the different methods by which CEO and top executive compensation is benchmarked and measured.

MODULE OBJECTIVES

  1. Understand the roles and responsibilities of, and differences between, the Nominating and Remuneration committees.
  2. Provide an understanding of how to design a succession planning programme to ensure continuity of talent in key C-suite positions and of the Chairman and within the Board itself.
  3. Share approach to define the need for these key leadership roles and identify which employees should be developed to fill these positions in the future.
  4. Ascertain robust processes for evaluation of Chairman, Board and C-suite to ensure a wide range of competencies and experience to effectively deal with the opportunities and issues the company faces.
  5. Provide insight on how to develop effective compensation plans that are closely linked to a company’s talent strategy and aligned with its goal of creating shareholder value.
  6. Outline the different methods by which CEO and top executive compensation is benchmarked and measured.
  7. Assess Board reward / risks equation and assess how these risks be dealt with (eg. D&O insurance).
  8. Discussion of situations and cases relating to the Nomination and Renumeration committees.

Participants have the option to choose to attend the other modules to be awarded the SMU-SID Directorship Programme certification:

A Board Executive Certificate in Directorship* will be awarded upon successful completion of Modules 1 to 3.
An Accredited Diploma in Directorship*will be awarded upon successful completion of Modules 1 to 6.

SMU-SID Directorship Programme Pathway

To Learn More

DELIVERY METHODOLOGY

  • Interactive classroom lectures
  • Taught by leading faculty and senior industry practitioners
  • Regional and global case studies
  • Discussions and exchanges
  • Incorporating guest speakers into the classroom experience

Who Should Attend

Aspiring, newly-appointed and current board members, senior management of corporations, government and nonprofit organisations and senior partners of professional firms who interact with the boards of corporations and would like to understand the intricacies of board roles and responsibilities

Fees and Funding

SGD 3139

(Inclusive 9% GST with effect from 1st Jan 2024)*

SGD 2880

(Excluding 9% GST with effect from 1st Jan 2024)

Skillsfuture Credit ID: TGS-2021004539

* Fee is subject to change. GST applies to individuals and Singapore-registered companies.
* SkillsFuture Credit can be used for this programme. Please click here for more details. Eligible for Singapore Citizens aged 25 and above.

For More Information:

Tel: +65 6808 5393 (Desmond Ng)

Email: desmondngjj@smu.edu.sg

Schedule

Start Date(s):

Intake Information :21 - 22 Nov 2024 (Thu to Fri) / Run 1: 26 - 27 Jun 2025 (Thu to Fri) / Run 2: 20 - 21 Nov 2025 (Thu to Fri)