Business Ethics in the Captive Insurance Industry (8 hrs.)
CORE COURSE
5 CPE credits are available for the completion of this course.
Corporate ethics is taking on increased prominence at U.S. companies. The Enron scandal -- the largest corporate bankruptcy in U.S. history -- and the failures of the accounting profession to provide fair warning of the company's problems, as well as questionable accounting practices reported in a number of large companies has resulted in significant changes to corporate governance. With passage of the Sarbanes-Oxley Act of 2002 in response to these heightened concerns about ethical practices in leading American firms, how will it impact the captive insurance industry – and what should managers and staff in the industry need to know and practice to demonstrate high ethical standards?
This course focuses on legal and ethical issues related to business practices in the captive insurance industry. Through scenarios, case studies, and readings, participants will:
- Examine a CEO’s perspective on the changing leadership environment today relating to ethical behavior;
- Explore areas in the captive industry with potential ethical conflicts and examine both ethical and unethical responses to these dilemmas;
- Explore the need for a “code of conduct” in every company and how to develop, implement and communicate its principles throughout an organization;
- Examine best practices in establishing guidelines for dealing with questionable practices;
- Explore tools than can be used to assess personal values for staff in companies;
- Explore best practices in how leaders can put high ethical values into practice in their organizations;
- Understand the impact of Sarbanes-Oxley on ethical practices in the captive industry;
- Understand the role and duties of the CEO, the Board of Directors, the Audit Committee, outside service providers, the actuary, and the lawyer in this new environment.
Next Course begins August 2008
Face-to-Face course
In addition to self-paced reading and assignment work, students will be required to attend a half day lecture in Burlington, VT and complete two weeks of follow up assignments.
Registration Deadline: Monday, July 28, 2008
Date: Sunday, August 10, 2008
Time: 1:00 - 5:30 p.m.
Location: Sheraton Inn and Conference Center, Burlington, VT
Instructors: Monte Jahnke and John O'Brien
For further details please contact at ICCIE at 802-651-9050.
To see when this course will be taught again go to the course schedule page