{"id":130,"date":"2026-03-18T09:18:41","date_gmt":"2026-03-18T09:18:41","guid":{"rendered":"http:\/\/demo.thimpress.com\/eduma\/?p=130"},"modified":"2026-04-15T06:05:01","modified_gmt":"2026-04-15T06:05:01","slug":"becoming-a-better-designer","status":"publish","type":"post","link":"https:\/\/jhsconsulting.in\/jhstraining\/becoming-a-better-designer\/","title":{"rendered":"Why Non-Finance Board Members Need Financial Literacy Training"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A board member who cannot read a balance sheet is a governance risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is not a comfortable statement. But it is an accurate one. Under the Companies Act 2013 and SEBI LODR, board members \u2014 including independent directors \u2014 carry fiduciary responsibility for the accuracy of financial statements and the adequacy of internal controls. Signing off on accounts you cannot interpret is not a defensible position.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reality in many Indian boardrooms is that several directors come from legal, technical, or operational backgrounds. Their domain expertise is valuable. But without a working understanding of financial statements, cash flow dynamics, and audit committee expectations, their governance contribution is limited.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Financial literacy training for directors is not about turning them into accountants. It is about equipping them to ask the right questions \u2014 about provisions, about related party transactions, about debt covenants, about internal control gaps \u2014 before those questions are asked by a regulator.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As enforcement action against boards and senior management continues to rise, this is not training that can be deferred.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A board member who cannot read a balance sheet is a governance risk. This is not a comfortable statement. But it is an accurate one. Under the Companies Act 2013 and SEBI LODR, board members \u2014 including independent directors \u2014 &hellip; <\/p>\n","protected":false},"author":1,"featured_media":30717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","pmpro-has-access"],"acf":[],"_links":{"self":[{"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/posts\/130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/comments?post=130"}],"version-history":[{"count":1,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/posts\/130\/revisions"}],"predecessor-version":[{"id":30616,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/posts\/130\/revisions\/30616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/media\/30717"}],"wp:attachment":[{"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/media?parent=130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/categories?post=130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jhsconsulting.in\/jhstraining\/wp-json\/wp\/v2\/tags?post=130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}