Module 2

The purpose of this two and a half-day program is to provide experienced executives and directors with the essentials ability to perform their function of director in the most efficient manner.

The program covers the role and responsibilities of directors as well as their key duties in the major legal and regulatory framework specific to the Luxembourg business environment.

The program also offers the opportunity to discuss the role and added value of a director with both peers and experts.

Attendance to this program is mandatory for the candidates wishing to obtain the Certificate for Directors delivered by ILA. Regardless of the ILA certification, this program is also open to experienced executives and directors who want to strengthen their understanding of the different aspects of a director's duties in the specific context of Luxembourg.

The program is delivered over 9 interactive modules which are run by local practitioners and experts. The content involves not only academic presentations, but also case studies based on real life experience. Each module offers discussion opportunities and sharing of experience with both presenters and other course participants.

Luxembourg company law
  • Sources of Luxembourg company law *

  • Common types of Luxembourg companies *

  • Different forms of governance bodies *

  • Board composition, duties, power &delegations*

  • Board committees and meetings *

  • Fiduciary duty* 

  • Shareholders and shareholders’ rights *

  • Shareholders meetings and agreements * 

  • In-depth workshop on key legal issues raised in the e-learning module

topics with * are part of a e-learning mandatory pre-read
Director's duties and responsibilities
  • Litigation framework

  • Main risk situations

  • Case study








Luxembourg Board Dynamics

  • The separation of the Chair and the CEO

  • Directors and management: leveraging what each brings to the table

  • The art of the Board agenda

  • Posture with respect to information

  • Challenging constructively

  • Maintaining the helicopter view

  • Dealing with dominant voices in the Board

  • Vote vs consensus decision-making

  • Leveraging collective thinking

Integrity in the Luxembourg boardroom
  • Case Studies









Accounting & financial reporting in Luxembourg
  • Accounting standards

  • Interactive exercises

Taxation in Luxembourg

  • Overview of Luxembourg tax regulations

  • Interactive exercises

Applying corporate governance best practices in Luxembourg
  • Analysis and comparison of governance

    • Board composition

    • Company governance structures

  • Case studies

Sustainable development as an integral part & focus of Luxembourg corporate governance
  • Sustainability from a regulatory angle

  • Sustainability from a financial angle

  • Risks & opportunities

  • LSE expectations

Luxembourg financial regulation

  • responsibilities of Management Body

  • Composition of Management Body

  • Fit & proper suitability assessment

  • CSSF supervision

  • Case Study

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