The FT Non-Executive Director Diploma is a formally accredited, post-graduate qualification for Non-Executive Directors.
Completed over six months, this course will equip you with the core knowledge and confidence to succeed as a Non-Executive Director.
The course covers the legal liabilities and duties of being a non-executive, board structure and the all-important behavioural skills required to make an effective contribution to the board.
- Increase your confidence with a greater understanding of the role of a non-executive director.
- Acquire a recognised formal qualification to help you secure new roles.
- Develop the skills necessary to challenge executives and contribute to an effective board culture
The course is delivered through a combination of tutor-led workshops and online learning. In light of COVID-19, we have adapted our programme so that all workshops are now delivered virtually.
1. The Effective Non-Executive Director
The aim of this module is to help you to develop the skills and competence to operate as an effective non-executive director. This module builds on the knowledge and understanding from the other four modules.
This module places a strong emphasis on the practical application of the skills of effectively carrying out a non-executive role.
Because of the practical nature of this module the assessment will include the assessment of practical skills that are discussed and modelled in the final workshop of the course. The workshop will include a session that focuses on behavioural issues including dealing with boardroom conflict, and how to constructively challenge based on role playing situations in teams.
This module is perhaps the most important single module of the course because it requires you to apply the understanding that you have developed from the other four modules and to implement the practical skills required of a non-executive director.
2. Director’s Duties and Liabilities
The aims of this module are to provide you with a secure knowledge of the most important duties of a director as well as your individual and collective liabilities as Board members. Workshop activities, online tutorial materials, and the end of course assessment are designed to encourage you to engage in a critical review of the role of the non-executive director and the Board so that you are able to make a significant contribution to ensure the highest standards of corporate governance and business ethics.
3. Board Structure and Performance
The aim of this module is to provide you with a thorough knowledge and understanding of the roles, functioning and key aspects of practice of a Board of Directors. This module provides essential background knowledge to prepare you for module 1 – ‘The Effective Non-Executive Director’. Boards of Directors are responsible for making complex decisions and there are a range of complex arrangements for organising the affairs of the Board. The workshops, online materials and assessment are designed to ensure that you develop mastery of the complex arrangements that will involve you as a non-executive director.
4. Risk Management and Internal Control
The aims of this module are to enable you to make an effective contribution in suggesting ways in which companies can manage risks and create internal control procedures to limit exposure to risk. The module will help you to identify different types of risks and methods used to analyse and measure risk. As a result of attending workshops, using online materials, and carrying out the assessment you should be able to recommend suitable internal controls for a company to employ, and be able to identify fraud and illegal acts and the sorts of measures that companies should employ to assess, detect and manage fraud risk.
All businesses operate within an environment of risk. Non-executives who are informed about risk and who understand and can contribute to improving internal control procedures are an invaluable asset to any company.
5. Audit and Financial Reporting
The aims of this module are to enable you to read and interpret financial reports and carry out complex financial calculations. In addition the module provides you with an understanding of the role of the audit committee in a company, types of pension schemes and accounting for pensions and retirement benefits. The module also outlines the importance of non-financial reporting including corporate social responsibility reporting. Each section of this module is supported by multiple choice tests which enable you to demonstrate your understanding of how to read and interpret financial information. The module is assessed by a dedicated audit and financial reporting assessment designed to test your understanding and skills in interpreting financial reports and data related to auditing.
An ability to interpret financial information is essential for anyone seeking to make a contribution to and support the decision making processes of a business. Contributing to discussions about financial information enables non-executives make an informed input to improve the quality of a range of business decisions as well as to protect the interests of stakeholders.
The five modules are delivered online and are designed to be studied at your own pace. Please note that you must have completed module 1 (The Effective Non-Executive Director) before you attend the two-day workshop. Further reading suggestions at the end of each article point you to items of interest to enable you to read around the topics covered in the course. Regular multiple choice tests help you to check your understanding and progress as you work your way through the modules.
There are two workshops, attendance at which is compulsory, during the course. The first half day workshop provides an introduction to the course and the topics studied. The second two-day workshop concentrates on the all important issue of effective boardroom behaviour, both on an individual basis and providing an understanding of group dynamics.
Course members must complete a Learning Log to show they have reflected on, identified and started to address their own particular behaviour skills. In addition to this, course members must submit two short essays, a case study based on a recent annual report of a real company, and pass a three-hour controlled finance assessment.
The Learning Log and the two short essays are to be handed in one month after the second workshop. The case study will be submitted two weeks before the course member attends the controlled finance assessment at the end of the course.
To ensure that the content of the course is as practical and relevant as possible to the real world of the non-executive director, every module has been reviewed by our faculty members who are highly experienced non-executive directors and chairs.
The FT Non-Executive Director Diploma costs £6,800. This amount includes assessment fees, attendance at the workshops including networking sessions, access to online learning materials and support.
Please note an application fee of £680 is required. This will be deducted from the total balance of £6,800. The remaining payment of £6,120 is due within 25 days of booking confirmation or the start of the course, whichever is first.
Upon registration, we will send you a formal application, which you will need to complete and submit to us. If your application is unsuccessful for any reason, your application fee will be refunded. If you application is successful, the amount of the application fee paid will be deducted from the full course fee payable.
Workshop leaderSee bio
The Hong Kong University of Science and Technology×
The Hong Kong University of Science and Technology
Prof. Steven J. Dekrey is Associate Dean and Adjunct Professor of Management at HKUST. He is the founding director of the Kellogg-HKUST EMBA Program and continues to direct this world #1 ranked program. Under his past leadership, the MBA program of HKUST was twice. Ranked in the top 10 in the world by the financial times and is currently in the top 15. He is also Director of the Saudi Arabia MBA Program which he initiated in 2012 with Saudi Aramco. His role also includes an assignment to the HKUST-Moscow School of Management Skolkovo Partnership where he will represent HKUST as the Chairman of the SKOLKOVO Academic Council in Moscow.
Dr. Dekrey earned his PhD at the University of Iowa and his MBA at Northwestern’s Kellogg School. Past positions include President of the Asian Institute of Management, Senior Advisor to the President, Senior Associate Dean and Director of Masters Programs at HKUST, Director of MBA Programs at the University of Florida and Assistant Dean and Assistant Professor at Northwestern’s Kellogg school where he directed the admissions office. Dr. Dekrey consulted with Chulalongkorn’s Sasin business school in Thailand for 5 years when a startup. He served as a school and sports Psychologist for 5 years before joining Kellogg in 1982.
Dr. Dekrey has been a continuous member of Rotary International for over 20 years. Participating in 4 different clubs, he served as President of the Rotary Club of Kowloon in the year 2000. Currently he is a returning member of the Rotary Club of Hong Kong where he was named a Major Donor in 2008.
Future Proof Lab×
Future Proof Lab
Diana Wu David is the author of Future Proof: Reinventing Work in the Age of Acceleration and is an adjunct professor of leadership at Columbia Business School's EMBA Global Asia. A former Financial Times executive, and founder of the Financial Times Non-Executive Directors Diploma in Asia, Diana now works with CEOs and board directors to enhance their leadership agility, influence, collaboration and resilience. Her clients have included the Mandarin Oriental Hotel Group, the World Bank, Expedia, Asia Development Bank, Citi and Credit Suisse. She began her career and leadership education as an assistant to Dr. Henry Kissinger.
Diana has an MBA from Columbia Business School, is a past recipient of Asia Society’s Asia 21 Young Leaders award and a former Luce Foundation Scholar. She serves as Vice Chair of the board of the American Chamber of Commerce HK, and on advisory boards of Shared Value Project Hong Kong and Teach4HK and several private companies. She is also an active participant in Women Corporate Directors and The Women’s Foundation, empowering women at all levels to lead and contribute.
Raymond Reed Baker
One World International Group Ltd×
Raymond Reed Baker
One World International Group Ltd
Ray has a deep interest in corporate governance, as both an academic and practitioner. He began his career with PricewaterhouseCoopers, in their assurance practice, and then moved on from the firm to advise over one hundred organizations on governance, accounting or internal control related matters. His clients have included a range of organizations operating in the United States, China and Europe, with a more recent focus on Sarbanes Oxley advisory services for public companies listed on the NYSE, NASDAQ, AMEX and OTC capital markets.
In addition to his work as a practitioner, Ray has done in depth academic research in the area of corporate governance and internal controls, as well as university lecturing on auditing and accounting. He has an MBA and PhD in Accounting, from the University of Hong Kong, along with a Bachelors Degree in Accounting, from The Pennsylvania State University. Ray is also an actively licensed Certified Public Accountant.