**4. Corporate governance and risk compliance in Moodle technology (financial sector environment in Sierra Leone as a case study)**

In order to keep pace with the dynamic world of digital technology and also improve high standard in work practices, it is vital that senior leadership takes cognisance of how the best facilities in MLE technology can support high-level corporate governance issues, in a bid to ensuring risks and compliance responsibilities that are addressed on a regular basis. In developed economies like the UK, there are tremendous efforts being made to address concerns around risks and compliance, particularly so on the account of the better experience from the 2007/2009 financial meltdown which witnessed billions wiped out of share value. This also witnessed the collapse of financial institutions and simply on the account of relaxed measures in keeping pace with macro-prudential guidelines that were essential in combatting risks to the financial system.

In addition to mitigating issues around risks and compliance measures, financial and also insurance industries in the developing countries are actually making tremendous efforts to capacitate staff in meeting with the demands from customers through product introduction in the market. As emphasised by Majumdar [14], 'increasing competition, newer regulatory bodies and the tremendous impact of information technology have changed the way the industry conducts businesses'. In this vein, there is high priority given to adapting the topology of MLE to suit mobile devices, such that business operations can serve the needs of customers, more so in a flexible manner. This meant that such topology can be customised to incorporate the integration of video−/audio-based learning solutions that enhance employees' confidence in performing their roles. In addition, they can also be integrated with required facilities for frequent update on mandatory skill requirements to ascertain minimum compliance standards in the industry. This, for example, could ensure regular assessment on core skills that are addressed through industry standard courses to improve confidence for those engaged in the industry.

Moodle is not only an academic medium for learning but also very relevant in the corporate environment as a way of improving collaboration in work standards, while also ensuring technology is reached out to every individual, regardless of place or distance. This technology will make it possible for people's progress to be monitored without the need to be constantly watching them. It brings an entire system under single operation while at the same time making sure collaboration amongst participants is of high concern. In this case, the effectiveness of such a system will need the support of both strategic leaders and those participating in

Moodle Platform: A Case of Flexible Corporate Learning in the Financial Sector in Sierra Leone

http://dx.doi.org/10.5772/intechopen.75617

149

courses to make sure value for money is set as the centrepiece of an institution's goal.

Moodle as a type of flexible learning platform has provided the means through which learners/users can independently develop their (learning) skills to improve overall corporate responsibilities, particularly in an industry like financial/banking where the dynamism of things happening is very rapid. In this section, effort has been made to address the impact to

These are more generic outcomes for the benefit of both learners and facilitators in enabling a

1. Improve collaboration between learners/users and facilitators which can be done through activity links provided, for example, 'forum or feedback' activity link sections where users, in this case, both facilitators and learners, can engage in virtual collaboration in improving knowledge. This form of collaboration can be moderated by the facilitator in a bid to avoiding

2. There is also a possibility of adding value to knowledge by developing bespoke CPD sessions, particularly for the benefit of facilitators who will need to be on top of how learning is steered on a regular basis. This is also a way of improving skills in interactive differentiation on how course items are to be delivered in meeting the needs of learners' learning styles.

3. This can also be an opportunity for targeting means of high quality of assessment and feedback provided throughout to learners. This in itself is a way of improving timely feedback to the learning community, particularly those who may be enrolled on specific summative

This is the strategic level of outcomes which needs the support of strategic leadership to

1. Given the flexibility of the online learning platform, this is an opportunity for strategic leaders to support 'add-on' features like link buttons for learners to quickly access constructive feedback and support guides to improve learning outcomes by users. In this case, progress of those

**5.1. Outcome indicators of facilitation and learning impact**

more flexible approach to learning to be realised:

assessment courses required for performance management.

*5.1.1. Soft indicator impacts*

*5.1.2. Hard indicator outcomes*

improve learning outcomes of users:

users into two categories, namely, 'soft and hard' as summarised below:

indecent or more instructive discussions in the way of improving knowledge.

The use of Moodle platform can also carry with it the benefit of serving as a medium for institutions, particularly those in the finance/industry to launch new products while at the same time serve its purpose within the human resource (HR) department of monitoring core assessment of skills/professional standards from employees and also a platform for making the best recruitment of experienced staff. It can be a very appropriate medium for the assessment of core skills needed by employers, which is needed in the current age of technology to reduce unnecessary costs incurred by employers. The collaborative feature makes it possible for easy means of initial assessment, while the end goal is to make sure potential staff are suitably assessed to meet the requirements of organisational objectives.

In this way forward, the use of MLE or appropriate learning platform environment like Moodle can support this through its dedicated use by institutions, particularly in developing countries like Sierra Leone, to increase staff skills and equally those charged with oversight responsibilities of governances. As presented in the above diagrams, particularly that of **Figure 1**, the availability of Moodle will allow scope for staff to increase their learning opportunities, more flexibly in their scope to improve performances. The preference for this is based on its ease of cost to the user and easy means of online learning support provided by the creator.
