We found many of our clients have had large numbers of subsidiary directors appointed to legal entities that span multiple jurisdictions. This increasing expectation and responsibility for directors drives the increased need for quality governance training on a global scale.
Director training is not only hard to deliver and track within a directors busy schedule, it is also hard to track in large multinational groups. The training often lacks consistency and the quality of training provided can sometimes differ.
We are working with a FTSE 100 energy company to implement our Digital Directors Training tool and plan to implement the training across approximately 90 countries in phases but by the end of 2023. Many of our clients have told us that they have been running lengthy classroom sessions where the directors struggled to remain engaged, and the cross-jurisdiction directors found the training format across countries inconsistent.
Our Digital Director Training tool, allows directors to access training on the go, whenever it is convenient to them. The built in tracking and reporting also allows you to monitor participation and results at a global level. Our research has shown that some forms of training, like Director Training using an online learning methodology, means that you retain 30% more of what you learn, in 10% less time vs those traditional methods of training.
“By utilising our Digital Director Training clients can provide an enhanced experience for the subsidiary directors who can access tailored content on demand. Utilising our global network, we keep the training modules up to date with changes in local laws and regulations. Ensuring our directors can maintain their knowledge of the latest legal requirements in this area.”
Through good governance training, directors can avoid breaching their duties and uphold good governance and reputation for themselves and their businesses.
Our subject matter experts have designed a suite of online directors’ duties modules which combines their technical insights with common scenarios and real life issues that will equip directors to navigate the decision making process.
Let us be part of your success story. Reach out to start a conversation.
Partner - Entity Governance & Compliance, PwC United Kingdom
Tel: +44 (0)7764 235240
Partner, Entity, Governance and Compliance, PwC United Kingdom
Tel: +44 (0)7764 958130