Company Directors' Course

Course description

The Company Directors' Course (CDC) is the benchmark for directors and senior leaders reporting to boards. It is also a pre-requisite to becoming a Chartered Member of the Institute of Directors.

In the five-and-a-half day CDC course you explore the director's roles and responsibilities with other directors. Each day you participate in board simulation exercises, bringing to life case studies that highlight the unpredictable nature of business and the human nature of directorship. You improve your decision-making ability in the boardroom.

The benefits of this course extend beyond governance skill building. Previous attendees have developed strong networks in the governance community. They report personal growth and confidence in their directorships and an acceleration in their careers after taking the course.

See article So you want to be a director? by Cathy Parker for Management Magazine in which she investigates CDC as the key prerequisite for directorship.

Watch the recording from our Company Directors’ Course online information session.

Course options

CDC is available as a residential or non-residential course. The content is the same for both courses. We do offer non-residential places on residential courses from time to time. For more information, please contact our Governance Development team on 0800 846 369 or governancedevelopment@iod.org.nz.

Residential

Accommodation is included as part of the price. You stay on location for the duration. The advantage is a full immersion course with the chance to continue discussions and networking with other participants in the evenings and prepare for the following day.

Residential investment:
Members: $10,470.00 incl GST
Non-members: $12,790.00 incl GST

Register for CDC residential

Non-residential

Accommodation is not included as part of the price. You return home each day after the course. This suits participants with family and evening commitments.

Non-residential investment:
Members: $8,210.00 incl GST
Non-members: $10,290.00 incl GST

Register for CDC non-residential

CDC is challenging. We strongly recommend taking the full week off from work or other responsibilities regardless of whether you take the residential or non-residential course options.

Public courses delivered in-house

Any of the courses that the IoD delivers publically can be delivered in-house for your whole board, management team or governance stakeholders, with a facilitator who can contextualise the delivery to your organisation and sectors. To enquire, please click here.

We had a great set of speakers who spanned the breadth of competencies required of directors. Plenty of opportunity to put the concepts into practice through director simulations throughout the week. Not to mention the great group I was with...

- Michele Frey CMInstD, Napier

Course content

CDC is a simulated board exercise. On a given day, you work with 4-5 other board members addressing a scenario such as company solvency. In the afternoon, you test your assumptions and decisions with the full group and compare to New Zealand case studies on solvency.

Topics covered during the course include:

Best practice corporate governance

Corporate governance principles, rules, and protocols
Governance skills

Strategy in the boardroom

Strategy and strategic thinking
The board and strategy development
Monitoring and reviewing implementation
Refreshing strategy and innovation

Finance and the board’s role

High-level meaning in financial statements and reports
Interpreting the reports
Financial planning
Making investment appraisals
Understanding company valuations

Directors and the law

A director’s legal obligations, liabilities, and mitigating legal risks
Directors’ and officers’ insurance

Board dynamics and culture

Role of the board in developing culture, ethics, and values
Corporate social responsibility
Board dynamics
Leadership and CEO succession
Board and CEO review

Risk governance

Risk management concepts
Risk appetite

Who should attend

Directors and senior executives with at least one to five years' experience of working on or with boards, and a sound knowledge of business finance.

Completion of the Company Directors' Course is prerequisite to becoming a Chartered Member of the Institute of Directors.

If you are unsure whether you meet the prerequisites for the Company Directors' Course, please call the Governance Development team 0800 846 369.

Good education is essential, and for governance it is no different. It is important to embed the core principles of governance, understand what they mean, and be able to successfully implement them in any board situation. The IoD facilitators all had “hard hat” real board experiences they were able to share with us.