The purpose of corporate governance is to help build an environment of trust, transparency, and accountability necessary for fostering long-term investment, financial stability, and business integrity, thereby supporting stronger growth and more inclusive societies. The corporate governance framework should promote transparent and fair markets and the efficient allocation of resources. It should be consistent with the rule of law and support effective supervision and enforcement. Board structures and procedures vary both within and among countries. Some countries have two-tier boards that separate the supervisory function and the management function into different bodies. Such systems typically have a “supervisory board” composed of non-executive board members and a “management board” composed entirely of executives. Other countries have “unitary” boards, which bring together executive and non-executive board members.
Boards should consider assigning a sufficient number of non-executive board members capable of exercising independent judgment to tasks where there is a potential for conflict of interest. Examples of such key responsibilities are ensuring the integrity of financial and non-financial reporting, the review of related party transactions, the nomination of board members and key executives, and board remuneration.
While the responsibility for financial reporting, remuneration, and nomination are frequently with the board as a whole, independent non-executive board member can provide additional assurance to market participants that their interests are safeguarded.
This Seminar shall delve into internationally recognised principles on Good Corporate Governance and the Role of Non-Executive Directors as laid down by the G20/OECD Principles of Corporate Governance.
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Dr Franklin Cachia is currently the Head of Tax and Regulated Industries at CSB Group. He attended the University of Malta, and successfully completed a Bachelor of Laws degree, followed by a Doctor of Laws degree in 2012. In fulfilment of his LL.D., Franklin submitted and defended his thesis entitled: “The Custody Business in the Financial Sector”.
Following his graduation from the University of Malta, for the last 6 years, Franklin was employed with a local firm specialised on international tax planning, financial services, investment funds, corporate law, commercial law, and financial-legal matters. Franklin obtained his Advanced Diploma in International Taxation (ADIT) which helped him solidify his foundations in domestic and international taxation.
In 2015, Franklin furthered his studies at the University of Leiden in the Netherlands, where he read an Advanced LL.M. in International Tax Law. He successfully submitted and defended his thesis entitled, ‘Analysing the European Commission’s Final Decisions on Apple, Starbucks, Amazon and Fiat Finance & Trade’.
Franklin also lectured the Advanced Taxation Module for the Association of Chartered Certified Accountants (ACCA P6) course provided through Aim Professional Academy and the EU Direct Taxation module for the ADIT. Franklin is also a member of the Board of Examiners of the Faculty of Law at the University of Malta. Franklin also delivered employment law, company and business law training to public and private bodies as well as in-house training. He also published other articles on the international tax journal EC Tax Review published by Kluwer Law International with his very latest article entitled: ‘Tax Transparency for Intermediaries: The Mandatory Disclosure Rules and Its EU Impact‘ (2018) 27 EC Tax Review, Issue 4.
Moreover, Franklin pursued the course organised by the Institute of Financial Services Practitioners entitled ‘Introduction to the Virtual Financial Assets Act’ and successfully passed the exam prescribed by the Malta Financial Services Authority. In view of his experience, Franklin’s main practice areas include local and international and Maltese tax law, corporate and trusts law, financial services, digital economy and virtual currency, blockchain, intellectual property and employment law.
Dr Rachel Genovese attended the University of Malta, and successfully completed a Bachelor of Laws degree, followed by a Doctor of Laws degree in 2016. In fulfilment of her Doctor of Laws, Rachel focused her studies on corporate and shipping law, with her thesis tackling the Bunkering industry in Malta and its impact on environmental law. Rachel also completed a Masters in corporate and commercial law with Queen Mary University of London.
Rachel is admitted to the Maltese Bar, Superior Courts of Malta. With years of progressive experience as a legal advisor, Rachel has also assisted clients on a wide variety of matters stemming from corporate law, environmental law, ship registration, ship recycling, and litigation and arbitration.
Events resources will be sent by email after the delivery of the event.
Day 1: 15/04/2021
Start time: 14:00 CET
End time: 17:15 CET
Venue: Online Live Session
Phone: +356 27555560 / +356 77555560