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Quest Training

Related Party Transactions Governance & Disclosure Training Course

Covers governing and disclosing transactions with directors, executives, shareholders and affiliates so they stay fair, transparent and compliant.

CG · Corporate GovernanceAll Levels#2952ClassroomEnglish , Arabic
Duration
5 Days
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Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Sectors:Risk, Compliance & GovernanceCategories:Corporate Governance

Course Overview

Related party transactions require robust governance to ensure transparency, fairness, regulatory compliance, and the protection of organizational and shareholder interests. This course examines the governance principles, legal considerations, and disclosure requirements that apply to transactions involving directors, executives, shareholders, affiliated entities, subsidiaries, and other related parties. Participants will develop practical skills to identify related parties, assess potential conflicts of interest, evaluate transaction terms, establish appropriate approval procedures, and maintain reliable documentation. The programme addresses key controls for assessing whether transactions are conducted on an arm’s-length basis and whether their commercial rationale and financial implications are adequately supported. The course also explores disclosure obligations, financial reporting considerations, internal controls, audit responsibilities, and board oversight. Through practical case studies and governance scenarios, participants will learn to strengthen related party transaction policies, improve accountability, and reduce exposure to financial, regulatory, reputational, and legal risks.

Learning Objectives

  • Identify related parties and classify transactions in accordance with applicable legal, regulatory, and accounting requirements.
  • Interpret governance principles and disclosure obligations relevant to related party transactions.
  • Assess conflicts of interest involving directors, executives, shareholders, and affiliated entities.
  • Evaluate transaction terms and determine whether they are consistent with arm’s-length principles.
  • Design appropriate approval processes based on transaction materiality, risk, and governance requirements.
  • Establish effective controls for reviewing, documenting, and monitoring related party transactions.
  • Apply relevant financial reporting and disclosure requirements, including applicable IFRS provisions.
  • Strengthen the roles of boards, audit committees, compliance teams, and internal auditors in transaction oversight.
  • Identify indicators of inappropriate transactions, preferential treatment, and potential abuse of authority.
  • Develop practical improvements to related party transaction policies, registers, and reporting procedures.

Who Should Attend

Board members, board chairpersons, and members of audit and governance committees. Chief Financial Officers, Finance Directors, financial controllers, and accounting professionals. Company secretaries and corporate governance professionals. Legal advisers, compliance officers, and regulatory affairs specialists. Internal auditors, external audit professionals, and risk management teams. Procurement, treasury, investment, and commercial management professionals involved in transaction approval or oversight. Executives responsible for subsidiaries, joint ventures, affiliated entities, and group structures. Professionals working in listed companies, banks, financial institutions, government-related entities, and large corporate groups.

Learning Outcomes

  • Distinguish related parties from independent counterparties using relevant governance and accounting criteria.
  • Recognize transactions that require enhanced review, approval, or disclosure.
  • Analyse conflicts of interest and determine appropriate declaration, recusal, and escalation procedures.
  • Evaluate pricing, contractual terms, and commercial justification against arm’s-length principles.
  • Apply materiality thresholds and approval matrices to different categories of related party transactions.
  • Assess the documentation required to demonstrate fairness, transparency, and proper authorization.
  • Interpret relevant financial reporting requirements, including IAS 24 where applicable.
  • Review related party transaction disclosures for completeness, accuracy, and consistency.
  • Identify control weaknesses and warning signs of undisclosed or improperly managed transactions.
  • Recommend improvements to governance frameworks, monitoring mechanisms, and board reporting.

Course Outline

Day 1

Foundations of Related Party Transactions Governance

  • Definition and scope of related parties under corporate governance, legal, regulatory, and accounting frameworks.
  • Identification of directors, key management personnel, significant shareholders, family connections, subsidiaries, associates, and affiliated entities.
  • Common transaction types: sales, purchases, loans, guarantees, leases, asset transfers, management fees, and service agreements.
  • Distinguishing ordinary-course transactions from transactions requiring enhanced governance scrutiny.
  • Governance principles of transparency, accountability, fairness, and protection of shareholder and organizational interests.
  • Regulatory and accounting frameworks, including IAS 24 and applicable local requirements.
  • Practical Exercise: Map related parties and classify a portfolio of transactions according to their governance and disclosure implications.
Day 2

Conflicts of Interest, Arm’s-Length Principles, and Fairness Assessment

  • Identifying actual, potential, and perceived conflicts of interest in related party transactions.
  • Directors’ and executives’ duties concerning disclosure, independent judgment, loyalty, and proper conduct.
  • Arm’s-length principles and methods for assessing commercial terms and transaction fairness.
  • Benchmarking prices, fees, interest rates, guarantees, and contractual conditions against market evidence.
  • Independent review, external valuation, and specialist advice for complex or material transactions.
  • Managing preferential treatment, self-dealing, connected-party arrangements, and potential abuse of authority.
  • Practical Exercise: Evaluate a proposed transaction involving a senior executive’s affiliated company and develop a defensible fairness assessment.
Day 3

Approval Frameworks, Internal Controls, and Documentation

  • Designing a related party transaction policy aligned with organizational structure and applicable requirements.
  • Establishing transaction approval thresholds, delegated authorities, and escalation procedures.
  • Defining the responsibilities of management, boards, independent directors, audit committees, and compliance functions.
  • Managing declarations of interest, abstention from deliberations, recusals, and meeting records.
  • Due diligence, supporting evidence, contractual review, and documentation of commercial rationale.
  • Implementing related party registers, periodic certifications, monitoring controls, and exception reporting.
  • Practical Exercise: Develop an approval workflow and control checklist for related party transactions of different values and risk levels.
Day 4

Disclosure, Financial Reporting, Audit, and Regulatory Compliance

  • Related party identification and disclosure requirements under IAS 24, where applicable.
  • Reporting relationships, transaction values, outstanding balances, commitments, guarantees, and key management personnel compensation.
  • Materiality assessment and the implications of incomplete, inaccurate, or omitted disclosures.
  • Coordination between finance, legal, compliance, company secretarial, procurement, and operational functions.
  • Audit procedures for identifying undisclosed relationships, unusual transaction patterns, and unsupported balances.
  • Regulatory reporting, record retention, investigation readiness, and remediation of disclosure deficiencies.
  • Practical Exercise: Review a sample set of financial disclosures and supporting records to identify omissions, inconsistencies, and control weaknesses.
Day 5

Board Oversight, Risk Management, and Governance Improvement

  • Board and audit committee oversight of material, recurring, and high-risk related party transactions.
  • Integrating transaction governance into enterprise risk management, compliance monitoring, and internal audit plans.
  • Recognizing red flags, including unusual pricing, repeated exceptions, fragmented transactions, and undisclosed relationships.
  • Managing suspected breaches, escalation, investigations, corrective actions, and accountability.
  • Developing key risk indicators, governance dashboards, periodic reporting, and management certifications.
  • Reviewing policy effectiveness and aligning controls with changes in organizational structures and regulatory expectations.
  • Practical Exercise: Prepare a related party transaction governance improvement plan incorporating board reporting, control enhancements, disclosure responsibilities, and monitoring measures.

Upcoming Dates

Selected date

Madinah · 27 Sept – 1 Oct 2027 · Classroom

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CityDatesPrice per ParticipantEarly Bird
GenevaScheduled
9 – 13 Nov 2026€6,300—
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JeddahScheduled
15 – 19 Nov 2026€4,200—
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IstanbulScheduled
16 – 20 Nov 2026€4,700—
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KigaliScheduled
23 – 27 Nov 2026€5,100—
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Kuala LumpurScheduled
30 Nov – 4 Dec 2026€4,400€3,960until 9 Nov
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LisbonScheduled
30 Nov – 4 Dec 2026€5,400€4,860until 9 Nov
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LondonScheduled
7 – 11 Dec 2026€5,600€5,040until 16 Nov
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MadinahScheduled
14 – 18 Dec 2026€4,200€3,780until 23 Nov
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MadridScheduled
14 – 18 Dec 2026€5,400€4,860until 23 Nov
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MakkahScheduled
21 – 25 Dec 2026€4,200€3,780until 30 Nov
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ManamaScheduled
28 Dec 2026 – 1 Jan 2027€4,700€4,230until 7 Dec
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MarbellaScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec
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MuscatScheduled
4 – 8 Jan 2027€5,300€4,770until 14 Dec
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OnlineScheduled
10 – 14 Jan 2027€1,700€1,530until 21 Dec
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ParisScheduled
18 – 22 Jan 2027€5,700€5,130until 28 Dec
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SingaporeScheduled
18 – 22 Jan 2027€6,700€6,030until 28 Dec
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AbujaScheduled
25 – 29 Jan 2027€5,100€4,590until 4 Jan
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AmmanScheduled
31 Jan – 4 Feb 2027€3,100€2,790until 11 Jan
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AccraScheduled
1 – 5 Feb 2027€5,100€4,590until 11 Jan
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AmsterdamScheduled
8 – 12 Feb 2027€5,400€4,860until 18 Jan
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BakuScheduled
15 – 19 Feb 2027€4,800€4,320until 25 Jan
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BarcelonaScheduled
15 – 19 Feb 2027€5,400€4,860until 25 Jan
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BeirutScheduled
21 – 25 Feb 2027€4,000€3,600until 1 Feb
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CairoScheduled
28 Feb – 4 Mar 2027€3,300€2,970until 8 Feb
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Cape TownScheduled
8 – 12 Mar 2027€5,100€4,590until 15 Feb
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CasablancaScheduled
8 – 12 Mar 2027€4,300€3,870until 15 Feb
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DammamScheduled
14 – 18 Mar 2027€4,200€3,780until 22 Feb
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DohaScheduled
21 – 25 Mar 2027€4,400€3,960until 1 Mar
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DubaiScheduled
21 – 25 Mar 2027€4,400€3,960until 1 Mar
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ErbilScheduled
28 Mar – 1 Apr 2027€3,100€2,790until 8 Mar
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MadinahScheduled
27 Sept – 1 Oct 2027€4,200€3,780until 6 Sept
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Available in: Istanbul · Dubai · London · Doha · Amsterdam

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