Helping Myanmar Companies Cope with New Companies Law

July 30 & August 1, 2018

MIoD and IFC have organized a series of training to help Myanmar companies improve financial governance and reporting and adopt other effective governance practices as the new Myanmar Companies Law took effect on August 1.

The new law sets more stringent director duties and other corporate governance requirements while relaxing foreign ownership in Myanmar companies to level the playing field for international investors. More than 40 Myanmar directors and executives attended two workshops on July 30 and August 1, which were part of MIoD’s Learning Series to provide quality board training and raise market awareness about important governance topics.

“These workshops help address the growing needs of Myanmar companies for corporate governance training as they brace for changes under the new Companies Law,” said U Aung Zaw Naing, MIoD Board Chairman and Group CEO of Shwe Taung. “Helping company executives gain a deeper understanding of key financial issues will enable them to spot red flags and further strengthen risk management, while the Corporate Governance Action Planning Workshop is a great opportunity for them to develop a roadmap for effective governance.”