Transparency and Market Manipulation

One-Month Long Certificate Course

“Certificate in Corporate Governance and Addressing Financial Fraudulence, Abuse, Market Manipulation and Insider Trading”

Schedule: 11-July 09 August, 2011, 6:00 PM to 9:00 PM

Venue: Bangladesh Institute of Capital Market [BICM] (Class Room- 1)

 

 

OBJECTIVES

To enable the participants to understand the corporate governance best pratices and to know about the mechanism of market fradulence, insider trading and ways of addressing those.
PROGRAMME CONTENTS:

 

Module & Date Module Details
Module 01

11 July, 2011

 Financial Fraudulence and Market Manipulation–       Definition;

–       Objectives of market manipulation;

–       Parties involved in market manipulation;

–       Impact of market manipulation;

–       Reasons that lead to market manipulation;

–       Methods applied for market manipulation;

–       Fraudulent practices in financial reporting;

–       Preventing or addressing market manipulation
Module 02

13 July, 2011

 

 Insider Trading–       Insider trading- Meaning

–       Elements of insider trading

–       Different types of insider

–       Ways insiders benefit

–       Evidence concerning existence of insider trading

–       Investigative steps

–       Regulatory measures
Module 03

19 July, 2011

 Fraud and Its Examination–       Definition

–       Types

–       Required Knowledge, skills, and abilities of a fraud examiner

–       Fraud triangle

–       Behavior signals of fraud perpetrators

–       Approaches to fraud investigation

–       Fraud prevention

–       Code of ethical business conduct
Module 04

21 July, 2011

 Financial Statement Fraud–       Financial statement schemes;

–       Red flags

–       Financial statement fraud in recent years;

–       Reasons that lead to aforesaid frauds;

–       Framework for detecting financial statement fraud – management and directors, relationship with others, organization and industry and financial results and operating characteristics.
Revenue and Inventory Related Financial Statement Fraud–       Identification of revenue related fraud;

–       Revenue related fraud symptoms
Module 05

25 J uly, 2011

 Inventory and Cost of Goods Sold Frauds–       Identification of inventory related fraud exposure;

–       Identification of inventory related fraud symptoms;
Liability, Asset, and Inadequate Disclosure Frauds–       Identification of liability fraud exposure;

–       Identification of assets fraud exposure;

–       Identification of inadequate disclosure fraud;

–       Other types of fraud
Module 06

27 July, 2011

 Roles of Gate Keepers–       Who are gatekeepers

–       Why are gatekeepers important

–       Duties and responsibilities of gatekeepers

–       Failure of gatekeepers

–       Ethical code of conducts of gatekeepers
Module 07

31 July, 2011

 Corporate Governance Best Practices and Bangladesh Scenario–       Definition;

–       Elements;

–       Agency theory

–       Stewardship theory

–       Stakeholder theory

–       Board composition and organizational issues

–       Compensation, ownership and turnover

–       Corporate governance mechanism
Module 08

01 Aug, 2011

 Role of Stakeholders– Definition

– Board of Directors

– Management

– Employees

– Customers/clients

– Investors

– Trade associations

– Local community

– Political groups

– Government

Key Constructs of Stakeholder Idenfication
Module 09

03 Aug. 2011

 

 Duties of Directors’– Duty to act within powers

–  Duty to promote the success of the company

–  Duty to exercise independent judgement

–  Duty to exercise reasonable care, skill and diligence

–  Duty to avoid conflicts of interest

–  Duty to declare an interest in a proposed transaction

–  Other duities and responsibilities

Prejudicial Conduct of Directors

– Misappropriation of corporate business or assets;

–  Mismanagement of the company’s internal affairs etc.;

Director Conflict: Their Elimination, Mitigation and Management
Module 10

07 Aug. 2011

 Corporate Governance Failure– Enron

– Adelphia

– Failure and the collapse of the world’s banking sector

 

Corporate Governance – International Comparison

OECD Priniciples

CG Codes, Rules, Guidelines, Principles –

SAARC – India, Pakistan, Sri Lanka, Bangladesh

Developing – Malaysia, Thailand

Developed – USA, UK, Singapore
Aug. 09, 2011

7:00 pm

 Certificate Distribution followed by DinnerChairman SEC/Governor Bangladesh Bank/President BEI

 

TARGET AUDIENCE:

CEO/senior officials of Merchant Banks, Broking/Dealing Firms, Asset Management Companies, Company Secretary/Chief Financial Officers/Senior Officials of Listed Companies, Officials of Stock Exchanges, SEC/Bangladesh Bank.

COURSE DURATION AND TIMING: 11 July- 09 August, 2011,  6:00 PM to 9:00 PM.

COURSE FEE: Tk. 12,000 per participant

REFRESHMENT: Refreshments will be served.

RECURRENCE: The course will be conducted every month subject to a minimum number of participants.

EVALUATION: There will be an evaluation at the end of the course.

CERTIFICATION: Each participant will be awarded a Participation Certificate on successful completion of the Course.

RESOURCE PERSONS: Mr. Mohammad Abdul Hannan Zoarder, Executive President BICM

and a Practicing Supreme Court Lawyer.

Founding Members