The global financial crises in the past 20 years have convinced many companies that financial risk management should play an important role in a company’s overall strategic development. The volatile and unpredictable exchange rate and interest rate movements not only affect a company’s reported profit but may even determine whether a company survives. It is no longer enough to be a company with the lowest production cost or with the best production technology, changes in the market financial price can put a well-run company out of business. The financial markets have responded with a range of innovative financial instruments and strategies to help companies manage these risks or even alter these risks to add value to the company. This course provides participants with an understanding of how a company can assess and manage its financial risk positions with the aid of these instruments. It reviews the types of financial instruments and strategies available. Their applications are examined through case studies that show how the financial risk position of a company can be tailored to suit the desired risk profile or even to add value. This course will also provide the participants with a good understanding of how the global financial market operates

This course examines topics that illustrate key social, ethical, economic, and political considerations that create legal environment as they affect business. Particular attention is given to contractual relationships, statutes governing the sale and purchase of goods, rights and duties imposed on debtor-creditor relationships, external legal constraints imposed on business by actual and potential tort liabilities, government regulations, and various means and procedures for resolving legal disputes in business matters.