The Batch 2 Finance for Directors Program restarted on 28th May 2022 as two days in-person program at the Novotel Yangon Max. The Chair of the MIoD’s Learning Committee, kicked off an Opening Remarks. The Program delivered the relationship between corporate governance, directors and finance knowledge and the responsibilities of management, directors, auditors and stakeholders followed by the in-depth focus on the Financial Governance. Later it conducted the Basics of Interpreting Financial Statements by reviewing their component parts and developing ways in analysing business/financial information followed by Accounting Fraud and Internal Control which is an increasingly important part of board’s function.
Day 2 of the 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 continued 29𝘵𝘩 𝘔𝘢𝘺 2022 with the 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝗶𝗳𝗲 𝗖𝘆𝗰𝗹𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 where attendees learnt the Diverse sources of funding, Debt options and issues, Equity options and issues, other alternatives together with Nature and purpose of financial information.
The session is then followed by the 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗼𝗳 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 where it reviewed Board and Audit Committee role in financial reporting, Competence of the finance team, Overseeing the integrity of financial statements and other key information, Common weaknesses in the financial reporting process, Oversight of the external auditor, Audit quality, Audit scope and approach, Auditor independence and qualifications and Engagement with the external auditor.
The attendees later worked together in 𝙂𝙧𝙤𝙪𝙥𝙨 on the case study of overviewing the Myanmar and International companies annual reports. The 𝗖𝗘𝗢 𝗼𝗳 𝗠𝗜𝗼𝗗 gave the closing remarks with the knowledge sharing topic on 𝑆𝑢𝑠𝑡𝑎𝑖𝑛𝑎𝑏𝑖𝑙𝑖𝑡𝑦: 𝑊ℎ𝑎𝑡 𝐵𝑜𝑎𝑟𝑑𝑠 𝑆ℎ𝑜𝑢𝑙𝑑 𝐾𝑛𝑜𝑤 𝑎𝑛𝑑 𝐷𝑜.
A huge thank you to all our incredible trainers, and our attentive audience. Congratulations to all directors who have completed the Finance for Directors Program.
If you are interested in attending future MIoD’s training programs, visit http://myanmariod.com/event-learning-series/learning-serie/.
Or contact the Myanmar Institute of Directors (MIoD) at info@myanmariod.com and +95 9 400 151 412 or +95 9 400 151 419.
We are delighted to share a series of 6 curated webinars about “Conversations on Climate Governance” on 5th April, 10th May, 7th June, 5th July, 2nd August and 6th Sept 2022 (3 pm – 4:15 pm, Kuala Lumpur Time). These webinars are organised by ASEAN Climate Governance Network and Sustainable Finance Institute Asia with the support of the Institute of Directors in ASEAN for an audience of ASEAN directors and businesses.
Session 4, which will be held on 5th July at 3 pm (Singapore Time) and 1:30 pm (Yangon Time) will be featured by Prof. Mak Yuen Teen (National University of Singapore), Dr. Khoo Seng Guan (Singapore Management University), and Shai Ganu ( Managing Director, Willis Towers Watson, Singapore). Sessions are free to participate in and will be conducted virtually.
For more details and to register for the event, please visit the following links:
https://www.cgmalaysia.com/event-details/conversations-on-climate-governance-a-series-of-6-webinars
https://pulse.icdm.com.my/icdm_event/conversations-on-climate-governance/
The 𝐌𝐈𝐨𝐃 took part in the 3rd Annual Leading for the Future 2022 organized by FutureBoards in collaboration with Aftenposten and the Financial Times as media partners on 27th April 2022 at 9:00 am (Norway time); 1:30 pm (Myanmar Time).
The online live chats were powered by DNV, Good Governance Academy, The Institute of Directors, Boards Impact Forum, and SHE Community, together with the Myanmar Institute of Directors (MIoD), chaired by our CEO Ms. Thiri Thant Mon.
During this conference, speakers shared their insights and knowledge on how corporate decision-makers could and should contribute to ensuring long-term growth for all – within planetary boundaries. We would like to express our heartfelt thanks to Ms. Vicky Bowman, our board member for facilitating the topic “𝑫𝒂𝒎𝒏𝒆𝒅 𝒊𝒇 𝒚𝒐𝒖 𝒅𝒐 – 𝑫𝒂𝒎𝒏𝒆𝒅 𝒊𝒇 𝒚𝒐𝒖 𝒅𝒐𝒏’𝒕…”.
#leadingforthefuture #goodcorporategovernance #decisionmakers #integratedreporting #sdgs2030 #myanmar #financialliteracy #directors #greenwashing #sustainability #business #community #growth #future #media #collaboration
Today, MIoD conducted a very well-attended webinar: 𝐖𝐡𝐚𝐭 𝐈𝐭 𝐑𝐞𝐚𝐥𝐥𝐲 𝐌𝐞𝐚𝐧𝐬 𝐓𝐨 𝐁𝐞 𝐀 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 (21st April 2022) in cooperation with the Singapore Institute of Directors (SID).
A huge thanks to our speaker, 𝗠𝗿. Philip Forrest, 𝗚𝗼𝘃𝗲𝗿𝗻𝗶𝗻𝗴 𝗖𝗼𝘂𝗻𝗰𝗶𝗹, 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 (𝗦𝗜𝗗) for presenting an insightful and engaging session covering;
🔸 What Does The Board Do?
🔸 How Are Directors Different From Management?
🔸 What Are The Risks?
🔸 How Careful Should I Be?
🔸 What’s In It For Me?
🔸 How Should I Plan For My Directing Career?
We also thank all the attendees who joined today’s session, especially for contributing many thoughtful questions.
Note: This webinar has been completed and if you would like to know more details CLICK HERE.
CGM is delighted to announce the launch of the ASEAN Network for Climate Governance. Climate Governance Initiative is a project in collaboration with the World Economic Forum with the aim of promoting the Principles for Effective Climate Governance.
After months of dialogue and consultation with directors and institutes of directors in ASEAN, we have resolved to launch this network to raise awareness of climate risks which will disproportionately affect this region. As responsible long-term stewards of the organization, this network is intended to mobilize boards and directors to focus on the climate crisis and climate transition priorities.
Business are responsible for most of the emissions around the world and when considering the decarbonisation which the world has committed to [via the Paris Agreement], directors, as long-term stewards need to be mindful of their responsibilities in curbing these emissions; identifying financial risks arising from climate risks; managing a smooth transition to a decarbonised economy which governments, regulators, allocators of capital (such as investors and banks), employees and consumers are expecting of the board; ensuring climate literacy and awareness is acculturated throughout the organisation, to increase the resilience of the business; and recognizing opportunities which might arise as a result of this transition, which could create value for the business.
This means the board of directors need to be sufficiently climate literate and implement climate governance principles to help them manage this process.
Join us for this launch as we kick off this important conversation!
