UCGA Board Direction program is a world class education for current or future board members of private, public or state-owned companies. Board Direction programs are based on principles and recommendations of UCGA and OECD and prepared considering the best practices and case studies from INSEAD, Stanford and Harvard.
The Program is organized twice a year and taught by high caliber professors from the best business schools of the world such as INSEAD and London Business School.
One part of the program consists of learning about global best practices and international standards, therefore concentrating on theoretical background. The second part is based on the Ukrainian context presented by local guest speakers and experienced practitioners elaborating on practical issues.
3 500 EUR*
*VAT not included
The Board Direction Program is
- World class corporate governance education in Ukraine
- Flexible and affordable program to fit your daily work
- Introducing practical learning and case studies from around the world
- Establishing a profession of an independent director in Ukraine
- Connecting you with a unique alumni network
LUDO VAN DER HEYDEN
Ludo Van der Heyden, has been a Professor of Technology and Operations Management at INSEAD since 1988 and has been the INSEAD Chaired Professor in Corporate Governance since October 2010. He is the founding Academic Director of INSEAD's Corporate Governance Initiative (ICGI) and, with colleagues, leads the International Directors Program, Modern Governance in Banking, and the Value Creation for Owners and Directors programs. He directed the Advanced Management Program (INSEAD’s most senior general management program, from 2000 to 2008), the INSEAD Zentrum Leipzig (1994-1999), was co-Dean of INSEAD (1990-1995), and also PhD Director & Associate Dean for Research (1989-1990).
Harry Korine teaches corporate governance at the London Business School and the Hochschule St. Gallen. He holds B.A. and B.S. degrees from Stanford University, an M.B.A. from UCLA, and a Ph.D. from INSEAD. He has held assistant Professorships on the faculties of the London Business School and the Pennsylvania State University, been an adjunct professor at INSEAD, served on the boards of several start-ups and worked as an associate at JP Morgan.
Frank Dangeard is a “Director-in- Residence” at INSEAD and Chairman of the International Advisory Council of Hawkamah, the corporate governance institute of the MENA region, based in Dubai. He serves on the boards of Symantec (USA), Royal Bank of Scotland (UK) and RPX (USA). He is also a “board observer” or “advisory board member” of various listed and non-listed companies, principally in the telecom/technology, finance and energy sectors. In February 2011, he published his most recent book,“La décision de crise dans l’entreprise – 12 histoires de gouvernance”, in which he presents twelve stories of governance in times of crisis. Frank Dangeard graduated from the École des Hautes Études Commercales (Prix Jouy-Entreprise), the Paris Institut d’Études Politiques (Lauréat) and from the Harvard Law School (Fulbright Scholar, HLS Fellow).
Is a Top Sport Mental Coach (individual sports and team sports). Mental coach of the Belgian teams, with participations to the 2008 Beijing Olympic Games, 2012 London Olympics, 2014 World Cup, 2016 Rio Olympics. These top sport experiences gave him a great expertise in “Energy Management” – How to energize top performers under high pressure. How to the differentiate the energizing coaching of men and women, individually and in team. Alain is also author and executive coach in companies. His presentation transforms his top sport experience into concrete corporate applications. He will build for us clear bridges between top sport performance and corporate dynamics.
Massimo Massa is the Rothschild Chaired Professor of Banking and a Professor of Finance at INSEAD. He teaches international finance, corporate finance, asset management, behavioural finance, and governance in MBA, EMBA, PhD and Executive Education programmes. He has an MBA from the Yale School of Management and an MA and a PhD in Financial Economics from Yale University. He is a CPA and an Auditor. He has previously worked in the Bank of Italy.
You will study one module every 2 days and complete it over 3 weeks. Each module is taught by a new professor, followed by presentations, board room simulations, reflection sessions. Every module includes guest speaker discussions with experienced practitioners in corporate governance. UCGA provides all of the studying materials, technical equipment, Wi-Fi, food and drinks to make the education sessions productive.
2 days per week
Total: 6 days
We expect you to spend 8 hours of studying per day, which is 48 hours of intensive learning in total.
We anticipate you to do the preparation ahead of education days. For each day you will be assigned to read and analyze:
- Case studies;
- Board room simulation materials;
In order to be certified after the Program, each participant has to prepare one of two types of certification requirements:
- Certification presentation
- Certification paper
Corporate Governance & Leading from the Board
by Prof. Ludo Van der Heyden
INSEAD Chaired Professor in Corporate Governance Emeritus
This module explores the content of governance, and aims at understanding governance and its requirements, something that is more subtle than commonly assumed. The module induces participants to reflect how the governance practices they are familiar with might be improved from their current state, as governance in any company remains “work in progress.” The module focuses not so much on compliance with regulations and the law (which is a must), but more on the contribution that effective governance makes to business leadership and performance, organizational culture, and ultimately value creation and sustainability.
- Introduction to modern governance: shareholders and stakeholders, the principal challenges and the importance of national culture
- Governance & Performance: Frans Cornelis & the Dutch Rowing Federation – case discussion
- Challenges to Board Effectiveness in Ukraine – a conversation with Aivaras Abromavicius, President of the UCGA, former Minister of the Economy of Ukraine, co-founder of UCGA
- A governance failure: the VW Emissions scandal – presentation & discussion
- The recipe for positive board dynamics: Fair Process Leadership – Presentation & application the framework to a real case – Case: Evaluation of the CFO
- A first simulation involving a crisis meeting of a board (in this case of the Prudential Insurance company in the UK)
- Governance in a changing world
- Board/CEO and Corporate Dynamics – Case discussion: The rise and fall of Carly Fiorina at HP
- CEO Selection, Oversight, and Succession – Case discussion: HTCC
- Board Simulation – Deutsche Boerse
- Wrap-up discussion: final exchange on key insights & implementation
Corporate Governance: Ensuring the Viability of the Corporation
by Prof. Harry Korine
Professor of corporate governance at the London Business School and the Hochschule St. Gallen
This course takes a strategic approach to questions of corporate governance. On the first day, we focus on building an understanding of key concepts: governance and strategy, shareholders, owner strategy, and the role of the board. On the second day, we apply these concepts to fundamental practical questions: change/evolution, succession, power politics, and cognitive processes.
- Governance, Strategy, and the Board (“Takeda” case)
- Ownership Policy
- Guest Speaker Discussion (“Mriya” case)
- Board of Directors and the Interest of the Corporation
- Evolution of Corporate Governance (I) (“Refresh” case)
- Succession in Family and Founder-led Businesses
- Surviving Autocrats and Stalemates (“Crisis” case)
- Success or Failure: Frames of Reference
- Guest Speaker Discussion (“NAK Naftogaz” case)
Energizing Individuals through High Performing Teams
by prof. Alain Goudsmet
Top Sport Mental Coach (individual sports and team sports)
Alain Goudsmet is a mental coach of the Belgian teams, with participation in the 2008 Beijing Olympic Games, 2012 London Olympics, 2014 World Cup, 2016 Rio Olympics.These top sports experiences gave him great expertise in “Energy Management” – How to energize top performers under high pressure. How to differentiate the energizing coaching of men and women, individually and in a team.
Professor is oriented to the audience and atmosphere. Your attention and involving - is all that he needs.
- Sourcing energy – Energy & Performance
Energy is an often neglected but essential element in a transformation process.
Energizing individuals and teams is key for sustainable performance.
As leader, being the main or unique power source for the team could exhaust you and weaken your organization!
- Tracking energy – Personal energy:
To perform under high pressure in a fast-changing world, every manager must manage his “Stretch Zone”, like a “corporate athlete”, reinforcing his physical, mental and emotional batteries, to bounce higher from learnings and from good or bad experiences.
- Sharing energy – Team energy:
Providing concrete tools on how team leaders energize their team, stimulating trust, pride and feeling of belonging. Empowerment is key for a healthy team. We will discover how to develop the power of the team instead of the power of the leader.
- Spreading energy – Viral energy
How positive energy can contaminate the organization. How collective energy can stimulate inter-teams Collaboration and facilitate cross-entities Cooperation. This part will clarify how leaders can oxygen the organization harmonising the Collaboration (intra-teams) and the Cooperation (inter-teams).
Value Creation At Board Level
by Prof. Massimo Massa
INSEAD Professor of Finance, The Rothschild Chaired Professor of Banking, Co-Director of the Hoffmann Research Fund
This module provides participants with the main insights and intuitions about value creation from a financial viewpoint. The module focuses on the key moments of value creation in a firm, namely the process of growth and the way financing helps to select the choices facing the firm in its pursuit of growth.
One of the main points is that a goal such as "successful" growth should be considered within the broader context of values that the firm is adhering to. These values depend on the firm’s shareholders and directors are key in enforcing their correct implementation in the firm’s decision making.
- More critical screening on the basis of shareholder goals and values of the corporate financial policies and growth plans
- Reassessment of the overall organizational structure of the firm (holding, joint venture, alliance etc.) from a global strategic view, with the goal of an improved integration of a firm’s financial and organizational structures.
Scholarships to UCGA students by the European Bank for Reconstruction and Development (EBRD): Student Selection& Procedure
- Leadership: demonstrates or potentially can demonstrate a high level of authority and influence on the decisions in the sphere of corporate governance;
- Trackable significant input: demonstrates visible results and positive changes in the fields of corporate governance he or she is responsible for;
- Reputation: demonstrates undisputable ethical conduct and absence of any criminal records and/or corruption scandals;
- Public activity: demonstrates social visibility and openness towards corporate governance community;
- Commitment: demonstrates his/her readiness to attend the course diligently which includes his/her ability to take three (3) Fridays off to make this possible.
- EBRD scholarships may be introduced to civil servants, politicians and employees, working for the Government in functions related to state ownership, including advisers and RSTs, newly appointed members of Supervisory Boards of SOEs and individuals that already applied or qualified for consideration as members of Supervisory Boards of SOEs by the Nomination Committee of the Cabinet of Ministers of Ukraine and/or employees of SOEs working in the management or supporting the governing bodies of SOEs (e.g. Corporate Secretary, secretaries of the Board committees, etc).
The Selection and Admissions Procedure:
The Nomination Committee will pre-approve short and long lists of potential participants who meet the general and specific requirements based on the transparent and merit-based selection procedure. If candidate agrees, he/she should send an application for the UCGA Board Direction. Each participant wishing to accept the offer should provide the Nomination Committee with e-declarations, salary certificates, letters from SOEs or any other proof of insufficient budgets.
Applications for participation in the competitive selection and relevant documents are submitted by July 31, 2021 to the e-mail address: email@example.com
For any inquiries or information about payment procedureplease contact: +380 68 112 85 70 (The Community Manager Alina Cherviak)
A participant approved shall attend the course diligently and complete his/her certification paper. A student shall reimburse the scholarship on his/her own in case:
- he/she fails to attend more than one (1) module;
- he/she attends all three (3) modules but does not complete his/her certification paper.
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