Corporate Governance & Business Ethics: An Advanced Insight

Course overview

Corporate governance, which is the collection of components (laws, rules, and principles) that support an organization’s operations, has been largely well-defined and organized in the private sector; nevertheless, due to the size and significance of public service delivery, corporate governance in the public sector has recently attracted more attention.

Understanding public governance is crucial to maintaining the effectiveness and caliber of public services, which in turn affects people’s quality of life. Both large and small publicly traded companies need strong corporate governance to attract investors and help them grow.

The public sector is highly vulnerable to dishonest and unethical business practices, employee discontent and disunity, conflicts and misalignment of interests within management committees, and other issues due to the breadth of services provided. Inadequate corporate governance within the public sector has the potential to impact an organization’s financial stability and well-being by compromising its credibility and integrity.

Alternatively, improved wealth management, more public welfare and involvement, and good corporate citizenship—that is, moral behavior and environmental responsibility, among other things—are the outcomes of good governance. Thus, it is crucial to comprehend corporate governance in the public sector as a whole;

Determine which issues—such as budget deficits, inefficient use of funds and labor, poor service quality, a lack of accountability, etc.—are most problematic for smooth administration and management, and come up with solutions quickly. Board members would be better able to prioritize tasks and replicate successful practices if these problems were resolved.

In order to meet the goal of meeting public needs and to build a successful career in the public services industry, this Training Bee training course will equip you with an in-depth understanding of what Corporate Governance in the Public Services entails, as well as techniques and ideas to offset the teething issues still plaguing this sector.

In addition, the Public Services course on Corporate Governance, Business Ethics, and Social Responsibility would provide the professional with the necessary knowledge, abilities, and setting to carry out a plan, cultivate and draw talent to the public sector for survival, and raise the firm’s value—all of which lower financial risks and raise shareholder returns.

Introduction

The conduct, decisions, and influence of public service firms are shaped by the principles of Corporate Governance, Business Ethics, and Social Responsibility. These ideas are fundamental to the field of public services. For public sector organizations to effectively govern themselves, make choices, and improve the welfare of the populations they serve, a multidimensional framework is necessary.

The structures and procedures that organizations use to be led, managed, and held responsible are referred to as corporate governance. Good corporate governance guarantees ethical decision-making, accountability, and transparency in the public sector. It includes the functions that governing bodies, including boards of directors, perform in monitoring the organization’s finances, operations, and adherence to the law and moral principles. Building public trust, upholding legitimacy, and improving organizational efficiency are the goals of public service organizations through strong governance processes.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

The complexities of corporate governance, business ethics, and social responsibility in the public sector will all be covered in detail in this course. The theoretical underpinnings, useful applications, and practical difficulties related to these concepts will all become crystal clear to participants.

Learning Objectives

Upon completing Corporate Governance, Business Ethics and Social Responsibility in the Public Services, participants will be able to:

• Understanding how to strike a balance between shareholder resolution, financial optimization, and public well-being
• Exposure to and expertise in managing the transition from antiquated administrative procedures to modern corporate strategies and best practices
• A viewpoint for formulating and putting into practice plans for sustained success and sustainability
• Knowledge of the prerequisites needed to create a functional structural framework that encourages responsibility and ownership across stakeholders
• The necessary knowledge and skill development to become a more capable and successful public services professional
• Perspective and experience to handle conflict more skillfully

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This Corporate Governance, Business Ethics and Social Responsibility in the Public Services training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• Give an explanation of corporate governance and its significance in relation to public services.
• What essential elements make up a strong corporate governance framework for firms providing public services?
• In what ways does corporate governance support transparency and accountability in the public sector?
• Explain what corporate ethics are and why public service organizations should care about them.
• Describe how moral leadership helps public sector organizations develop an integrity culture.
• In the context of public services, what does social responsibility mean, and how is it different from corporate social responsibility in the private sector?
• Talk about the possible effects that public service organizations may have on the environment and the communities they serve.

Course Modules

This Corporate Governance, Business Ethics and Social Responsibility in the Public Services covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – Public Sector Corporate Governance

• An Overview of Corporate Governance in the Public Sector
• Corporate Governance’s Significance in the Public Sector
• The effects of sound corporate governance on the economy and society

Module 2 – Board Members’ Role in Public Sector Corporate Governance

• Board types in public sector organizations include hands-on, representative, and others.
• Board responsibilities include legal, strategic, fiduciary, supervision, and more.
• Personal Director obligations: duty, devotion, compliance, etc.
• Qualities of a Successful Board

Module 3 – Other Public Service Roles in Corporate Governance

• Heads of State
• Workers
• Compliance agencies and auditors
• HR experts

Module 4 – Problems with Corporate Governance and Solutions

• Moral dilemmas
• Pressure from both the inside and outside
• Mitigation and management of risks
• Inaccurate disclosures and reporting of data

Module 5 – Corruption is the most difficult problem to solve.

• How much corruption there is in the public sector
• Corrupt practices types
• Strategies to stop corruption
• Legislation against corruption

Module 6 – Requirements for Public Services Effective Corporate Governance

• The Value of Audits: How, why, and When to Perform Them
• Data: How to extract, decipher, comprehend, organize, and apply
• How to Use Budgets: An Effective Approach
• Media: Using the media to promote governance based on values

Module 7 – Soft talents in Public Service Corporate Governance

• Increasing responsibility and accountability
• Preserving openness and transparency
• Upholding morals and a culture of values in work
• Promoting devolution and decentralization

Module 8 – Foundations in Law and Other Regulations

• What and why is compliance?
• Recognizing the legal and regulatory frameworks at the national and international levels
• Recognizing rules in different industries
• Overseeing public complaint resolution processes

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• Describe how a public service organization’s board of directors ensures efficient corporate governance.
• Determine and talk about the two primary obstacles to effective corporate governance in the public sector.
• What is the potential impact of improved corporate governance procedures on accountability and transparency in public service organizations?
• Talk about the moral factors that public servants should take into account while making choices that affect the general public and the organization.
• Explain a public service organization’s social responsibility program and evaluate its effects on the community or other relevant parties.
• Talk about the difficulties public service organizations could have juggling social responsibility with their main duties of providing services.

Lessons Learned

Integrity is Fundamental: The cornerstone of moral behavior and efficient government is integrity. To gain the trust of stakeholders, public service organizations need to put an emphasis on being truthful and open in all of their dealings.

Leadership Sets the Tone: Developing an integrity culture in public service organizations requires ethical leadership. In order to promote a commitment to social responsibility, model moral behavior, and make decisions based on principles, leaders are essential.

Resolving Conflicts Between Stakeholder Interests: Public service organizations work in a complicated setting with a wide range of stakeholders. Effective governance necessitates thoughtful deliberation and smart decision-making in order to strike a delicate balance between the interests of the general public, the government, employees, and other stakeholders.

Responsibility and Openness Establish Trust: Transparency and accountability are essential elements of company governance. To keep the public’s trust and confidence, public service organizations need to be transparent in their decision-making processes and accountable for their actions.

Enhances Public Impact: Social responsibility entails actively promoting the environment and community well-being in addition to going above and beyond compliance. Organizations providing public services that participate in social responsibility programs can improve their public impact and benefit society.

It’s Critical to Always Improve: Corporate governance, commercial ethics, and social responsibility are ever-changing fields. Organizations providing public services must be dedicated to constant improvement, situational adaptation, and keeping up with new ethical and governance issues.