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ICCIE Core Course—Business Ethics in the Captive Insurance Industry

When and Where:
September 7–28, 2017
Location:
International Center for Captive Insurance Education (ICCIE) Online Course
 
Target Audience:
Captive Managers, Captive Owners, Service Providers
Area of Interest:
Ethics and Captives
Size and Scope:
Number of Attendees: 30
Exhibits: No
Number of Booths: 0
                                                      
Event Website
 
 
 
 
Description:
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, have 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 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; and 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.

                                                                                           

 

Contact:
Primary Contact: Margaret Welch, Student Support Specialist
E-mail
Phone: (802) 651–9050
Sponsoring Organization: International Center for Captive Insurance Education
Address:
2517 Shelburne Rd.
Shelburne, VT 05482
Website
 
Contact:
Margaret Welch, Student Support Specialist
E-mail
Phone: (802) 651–9050

Fax: (802) 651–6851