An Intensive 2-Day Training Course
Introduction to Maintenance Operations Governance: Principles, Policies & Best Practices
Introduction to Maintenance Operations Governance: Principles, Policies & Best Practices
Tutor-Led Class @ NGN150,000.00 per Participant
Online @ NGN120,000.00 Per participant
On-Site to make formal request
Venue: Mechelectric Conference Centres, Ikeja, Abuja, PH and Ota
Date and Time: January 16 - 17, 2025; 0900Hr - 1600Hr Daily
Course Overview
Maintenance operations governance is a key topic that has recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for maintenance operations governance, all of them aim at organizing the relation between company and stakeholders. Maintenance operations models start with Shareholder Wealth Maximization (SWM) that stresses owners rights. Other methods of maintenance governance, applied in Germany or Japan for example, bring other stakeholders, such as the workforce and bankers strongly into play. In addition to these models, this course also covers the reasons why board membership may be one tier or two tiers, and includes discussions about board structure, committees, their functions and duties, the maintenance audit committee and the appointment and remuneration committee. Other topics discussed are the role of the chairman and the effect of institutional investors.
Course Benefits
By attending this WorkmanSkills training course, delegates will be able to:
Target Audience:
This WorkmanSkills training course is ideal for wide range of engineering/maintenance professionals but will greatly benefit:
How will this Training Course be Presented?
Facilitated by an experienced maintenance specialist, our Maintenance Governance training course will be conducted as a highly interactive work session (as opposed to lectures), encouraging participants to share their own experiences and apply the training course material to real-life situations.
Each delegate will receive an extensive reference manual, as well as case studies, while worked out solutions will be handed out to the delegates on conclusion of group discussions. Throughout the training course, delegates will be encouraged to identify what they can do to enhance Maintenance Governance in their organizations.
Course Outlines
The Certificate
Certificate of Completion will be provided to delegates who attend and complete the course
Maintenance operations governance is a key topic that has recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for maintenance operations governance, all of them aim at organizing the relation between company and stakeholders. Maintenance operations models start with Shareholder Wealth Maximization (SWM) that stresses owners rights. Other methods of maintenance governance, applied in Germany or Japan for example, bring other stakeholders, such as the workforce and bankers strongly into play. In addition to these models, this course also covers the reasons why board membership may be one tier or two tiers, and includes discussions about board structure, committees, their functions and duties, the maintenance audit committee and the appointment and remuneration committee. Other topics discussed are the role of the chairman and the effect of institutional investors.
Course Benefits
By attending this WorkmanSkills training course, delegates will be able to:
- List the essential fundamentals and significance of maintenance operations governance
- Analyze maintenance operations governance models and suggest improvements
- Assess the ethical and policy considerations underpinning shareholders, Board of Directors (BOD), auditors, senior management and executives
- Decide on the maintenance operations governance structure that is best suitable for the business model
- Deploy maintenance operations governance best practices
- Apply disclosures and transparency requirements issued by IFRS and other authorities
Target Audience:
This WorkmanSkills training course is ideal for wide range of engineering/maintenance professionals but will greatly benefit:
- Board members
- Chief Financial Officers
- Senior Management
- Directors
- Finance Managers
- Financial Controllers
- Accounting and Finance personnel
- Legal Counsel
- Maintenance Legal Advisors
- Corporate Secretaries
- Lawyers
- External and Internal Auditors
- HR Managers
- Departmental Heads.
How will this Training Course be Presented?
Facilitated by an experienced maintenance specialist, our Maintenance Governance training course will be conducted as a highly interactive work session (as opposed to lectures), encouraging participants to share their own experiences and apply the training course material to real-life situations.
Each delegate will receive an extensive reference manual, as well as case studies, while worked out solutions will be handed out to the delegates on conclusion of group discussions. Throughout the training course, delegates will be encouraged to identify what they can do to enhance Maintenance Governance in their organizations.
Course Outlines
- Definition of maintenance operations governance
- The scope of maintenance operations governance
- Essential maintenance operations governance principles
- The macro maintenance governance picture
- Philosophies affecting maintenance operations governance
- Maintenance Governance code of conduct and global principles
- Models and mechanism of Maintenance Governance
- The Shareholder Wealth Maximization (SWM) model
- The Corporate Wealth Maximization (CWM) model
- International models of maintenance corporate governance
- The board of directors and Maintenance Governance Policies
- The audit committee
- Environment for work control
- Stakeholders
- Shareholders rights
- Different types of directors
- Directors’ duties and rights
- Role of chairman and corporate officers
- Institutional investors and minority stakeholders
- Organization for Economic Cooperation and Development (OECD) view on stakeholders
- Risk based decision making
- Maintenance Governance failure effects
- The efficient Maintenance management
- Starting from Maintenance Leadership
- Analyzing current company’s Maintenance Governance system
- Planning and organizing Maintenance Governance objectives and resources
- Communicating and implementing Maintenance Governance principles
- International Maintenance Governance Network (IMGN)
- Maintenance Governance results versus company objectives
- Timely, accurate and cost efficient access to information by users
The Certificate
Certificate of Completion will be provided to delegates who attend and complete the course
