The Essentials Luxembourg Directors

THE ESSENTIALS LUXEMBOURG

Certification program for Directors

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