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Trustee Director Course - Enhance your excellence

Please note:

AIST is currently revising the content and format of TDC2 with the aim of having one half day module per month starting in October and running for the months of October, November 2020 and February, March and April 2021.

Please contact training@aist.asn.au to record an expression of interest and we will be in contact with you when more details are available.

Enhance your excellence, the second level of AIST’s Trustee Director Course, enables you to build on your experience as a trustee director to become more effective in the board room. You will improve your decision-making skills, your capacity to lead board discussions and to contribute confidently to the fund’s strategic direction. It offers a challenging learning opportunity enabling enhanced effectiveness in the board room, with a focus on developing the competencies of the board as a collegiate body which robustly debates issues.

Key outcomes include strategic decision making, contributing to the board’s strategic outcomes, board culture and governance, managing risk, and leading board discussions in the context of changes to the economic and investment environment.


Who should register?

The Trustee Director Course 2 (TDC2) is designed for experienced trustee directors and fund executives who are seeking to make a step change in the level of their superannuation sector specific board skills, knowledge and experience. The course will prepare directors who are taking up or seeking chair roles for the board and/or for board committees.

 

Accreditation

To obtain full CPD hours an assessment is to be completed for each module as well as one for the course overall.

A total of 40 CPD hours can be obtained for completing the full course and all assessments.

Additional information on CPD is available here.

Further information on the assessment will be outlined on the first day of the course or you can contact training@AIST.asn.au for information.

 

Learning outcomes

  • Enhance your ability to guide the strategic direction of the fund and improve member outcomes
  • Increase your understanding of key sectoral factors and trends to enable effective oversight of proposed changes in product and service offerings
  • Build your capacity to contribute to good decision-making for potential fund mergers
  • Improve your knowledge of risk and investment governance
  • Influence board culture and governance
  • Strengthen your skills to monitor the business plan

 

Topics will include

Outlines the roles and responsibilities of the trustee board in overseeing the strategic thinking, development and planning processes to establish and monitor the future direction of the fund.

Analyses the three phases of strategic oversight and the role of the board and trustee directors throughout each phase. Key topics include:

  • strategic thinking – environmental scans, formulating ideas, developing options
  • strategy development – defining critical success, testing options, making decisions
  • strategic planning – planning initiatives, identifying risks, setting actions and accountabilities.

Discusses the board’s role in guiding the strategic direction through analysis of fund demographics, product design strategies, fund viability and strategic implementation. Key topics include:

  • fund demographics
  • member life stages
  • products and services
  • assessing fund viability
  • strategy implementation.

An interactive exploration of the economic concepts that influence investment outcomes. Has a particular focus on global themes that will drive investment returns and impact on future decision making for superannuation boards. Key topics include:

  • economic concepts
  • economic indicators
  • economic cycle
  • regulation of financial markets
  • impact of government policy
  • global economic themes.

Provides an overview of the risk management framework, including APRA’s Prudential Standard SPS 220, the risk management declaration and types of documentation required. Outlines a model that funds can use to holistically mitigate risk. Key topics include:

  • risk management framework
  • three lines of defence for mitigating risk
  • APRA’s requirements for risk reviews, including APRA prudential reviews and consultations.

Provides an overview of the investment governance process from formulating investment beliefs through to review of the investment strategy. Uses a range of activities to build up a spectrum of potential issues to highlight that investment governance is an evolving process, unique to each board. Key topics include:

  • investment philosophy and beliefs
  • investment governance
  • investment strategy and objectives
  • portfolio implementation
  • asset management
  • monitoring investment performance and exposures.

Outlines the way in which the board works with the CEO and management to carry through the fund’s strategic plan into business plans and objectives. Key topics include:

  • monitoring the business plan
  • managing and monitoring relationships between the Chair and the board, and the CEO and management
  • CEO life cycle and evaluation
  • remuneration policy and reward strategy
  • monitoring business continuity.

Discusses the importance of creating a positive and engaged board culture in order for the board to achieve its business objectives that are aligned with the strategic plan. Looks at the ways in which the board can clarify expectations, establish a common view on how to operate and how to reflect on and improve its effectiveness. Key topics include:

  • board culture and behavior
  • assessment of board effectiveness
  • decision making pitfalls and framework
  • the importance of the board keeping up to date with the latest tools and techniques

Important notes

This course is also available to in-house groups. If you wish to conduct an in-house session please contact AIST Education to arrange a suitable time on (03) 8677 3800 or training@aist.asn.au 

 

Full course
Total price
$9515.00
Select modules
Module 1
$1903.00
Module 2
$1903.00
Module 3
$951.50
Module 4
$951.50
Module 5
$1903.00
Module 6
$951.50
Module 7
$951.50