Myanmar Institute of Directors (MIoD) contribution to the event of partner organization, British Chamber of Commerce Myanmar on 3rd Sept 2019.
An insightful discussion through presentation and discussion in the event namely “𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 – 𝐈𝐬 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝?” organized by BritCham and member organizations.
Vicky Bowman (Director of Myanmar Centre for Responsible Business – MCRB cum BoD of MIoD) and Ma Cherry Trivedi(CEO of MIoD cum Founder/Managing Director of Ayuroma Advisory International Pte., Ltd) participated together as speakers and identifying all the areas where businesses are underprepared and at risk from various threats.
Breakfast Talk Speaker: John Mongelard, Technical Manager – ICAEW, Financial Services Faculty
MIoD Breakfast Talks are a way that members and public can listen and participate in discussions, on a wide range of topics that effect Myanmar’s public and private sectors today.
Second in breakfast talk “Boardroom Series – Conduct and Culture” will take place on the 10th August and will be conducted by ICAEW (Institute of Chartered Accountants England and Wales).
MIoD was launched in March 2018 to provide dedicated Board Directors and Executives education. MIoD aims to promote good corporate governance practices to Myanmar companies. Though its various activities, MIoD will provide best practice tools and resources, to enable Directors to effectively perform their duties to international standards.
Event Fees : Free for MIoD Certified Members
$ 15 for MIoD Members
$ 20 for Non-MIoD Members
Outline of the Event
They say ‘culture eats strategy for breakfast’. But following the 2008 global financial crisis, the financial services industry has come under intense scrutiny and questions have been raised about the industry’s culture.
Banks need to boost trust, create socially responsible products and prevent future financial crises. The presentation will cover recommended actions that the industry, boards and Chartered Accountants should be taking. There will also be a workshop of innovative conduct risk training that ICAEW has been working on, in partnership with six global banks.
Please join us for a breakfast session to discuss “Conduct and Culture”.
REGISTRATION:
To register, please register through email rsvp@myanmariod.com;
Online Registration Form: Click Here
Director Certification Programme (DCP) 3rd Batch held in Mandalay starting from 6th – 8th August with the Leadership of the private entrepreneur-training program with pride as the first day.
The founder of the Business, Leadership and Management are attending include those based on the current business, especially in Mandalay, discussed about Myanmar Corporate Management framework, Challenges and Usage Policies by exchanging ideas.
Yangon different from the family business with international standard business activities, The role of the participating families how to step-by-step images, Structures, Board members discussed based on accountability in the current experience. Most often, “of course, should these same participants will be away from home to assist with the ability to be opened In addition to what was a very productive discussion in the light of your life. “
Th͏e ͏Wa͏l͏t͏o͏n ͏f͏a͏m͏i͏l͏y ͏o͏f ͏Wa͏l͏m͏a͏r͏t, ͏Ro͏c͏h͏e, ͏Ma͏r͏s ͏f͏a͏m͏i͏l͏y — ͏Ma͏r͏s, ͏Sa͏m͏s͏u͏n͏g, ͏Ca͏r͏g͏i͏l͏l ͏a͏n͏d ͏Ko͏c͏h ͏f͏a͏m͏i͏l͏y — ͏Ko͏c͏h ͏i͏n͏d͏u͏s͏t͏r͏i͏e͏s ͏w͏h͏a͏t ͏d͏o ͏t͏h͏e͏y ͏h͏a͏v͏e ͏i͏n ͏c͏o͏m͏m͏o͏n? ͏Th͏e͏s͏e ͏a͏r͏e ͏t͏o͏p 10 ͏w͏e͏l͏l ͏k͏n͏o͏w͏n ͏f͏a͏m͏i͏l͏y ͏o͏w͏n͏e͏d ͏c͏o͏m͏p͏a͏n͏i͏e͏s ͏p͏e͏r ͏Forbes.
Myanmar corporate landscape is made up of families who owns many companies. The biggest challenge of family business is succession planning, ensuring that the family legacy is continued to the next generation.
On Day 2, the participants reviewed:
• Family Governance in the context of succession planning
• Best Practice review of live case studies across Asia
• Ethical Dilemmas, through the reconciliation methodology
Directors on the Board need to work together as a team by navigating turbulent times by
ᗩ (ᗩTTITᑌᗪE), ᗷ (ᗷEᕼᗩᐯIOᑌᖇ) ᗩᑎᗪ ᑕ (ᑕᗩᑎᗪOᑌᖇ) Oᖴ ᗷOᗩᖇᗪ ᗪYᑎᗩᗰIᑕS
Day 3, DCP Program is starting with questions for C-suite
As a Board of Directors – please think as food for thought – Where do you want to invest? Based on the thought of Hurdle rate so-called Minimum acceptable rate of return. How much expecting the % of the Hurdle rate for you?
Myanmar Institute of Directors (MIoD) with support of Mandalay based representatives of Directorate of Investment and Company Administration (DICA) held its inaugural networking session for Mandalay business community to commemorate the first run of its Director Certification Program. MIoD launched its three-day intensive DCP in April and two runs of the program took place in Yangon in April and June 2019. The program is set within the Asian businesses context and provides a well-rounded board-level view of key strategic areas and issues facing many companies in Myanmar. MIoD networking session was attended by over 80 members of Mandalay business community and over 30 board members and business owners registered for the first batch of training in Mandalay.
The session was opened by Ma Cherry Trivedi, CEO of MIOD, Anar Aliyev, Corporate Governance Officer, IFC and Peter Brimble, Chief Technical Advisor, from Dana Facility. Aung Myat Khaing from MIOD team acted as master of ceremony.
Ma Cherry thanked the business community of Mandalay for their support and attendance along with Mandalay DICA for continued efforts in upskilling the business community in Myanmar. She addressed the attendees with the importance of Corporate Governance in Myanmar and encouraged Myanmar companies to improve transparency, legal compliance and implement better governance practices to improve their access to capital and enhance reputation.
Mr. Aliyev and Mr. Bimble also thanked the Mandalay business community and addressed the importance of Corporate Governance in Myanmar.
Kim Chawsu, MIOD director of Learning spoke about the MIOD’s mission in upskilling Directors in Myanmar and explained the development of relevant courses for Myanmar Directors and C-Suite education that are best in class with Myanmar reference.
“Myanmar needs this kind of association and education for companies to upskill our business community to upgrade our businesses, along with creating investor friendly environment in Myanmar”, shared Zaw Latt, Founder & Group Chairman of ABC-MIB Group of companies.
MIOD will be conducting regular training programs in Yangon and Mandalay and intends to launch across key cities in Myanmar along with DICA’s support.
MIoD was set up in March 2018 to promote corporate governance standards and best practices in Myanmar. It was formed with support from IFC, a sister organization of the World Bank, and the governments of Australia and the United Kingdom.
[Ends]
About MIoD
The Myanmar Institute of Directors (MIoD) provides the Myanmar market with thought leadership in corporate governance as well as professional corporate governance and director education. MIoD aims to advance board professionalism, promote business ethics and transparency, create networks between corporate leaders and stakeholders, and boost investor confidence in Myanmar’s private sector. www.myhanmariod.com
Like MIoD on Facebook: https://www.facebook.com/MyanmarIoD/
For further information, contact: MIoD on info@myanmariod.com
30 director generals, board directors, senior executives, board secretaries and corporate governance practitioners from 23 companies and government agencies attended MIoD’s 1.5-day Board Secretary Program 1st Batch on July 30th – 31st, 2019. The workshop is part of MIoD Learning Series and the course focuses on four key practical aspects of company secretarial duties: directors’ meetings; members’/shareholders’ meetings; company registers; and DICA company filings via the MyCO online registry system. An expert team from Livingstons Legal and DICA delivered the workshop.
𝘽𝙧𝙚𝙖𝙠𝙛𝙖𝙨𝙩 𝙏𝙖𝙡𝙠 𝙎𝙋𝙀𝘼𝙆𝙀𝙍 : 𝘿𝙚𝙗𝙤𝙧𝙖𝙝 𝙏𝙝𝙤𝙢𝙖𝙨𝙯, 𝘼𝙨𝙨𝙤𝙘𝙞𝙖𝙩𝙚 𝘿𝙞𝙧𝙚𝙘𝙩𝙤𝙧, 𝙁𝙄𝙉𝙀𝙓 𝘼𝙨𝙞𝙖, 𝙒𝙞𝙡𝙡𝙞𝙨 𝙏𝙤𝙬𝙚𝙧𝙨 𝙒𝙖𝙩𝙨𝙤𝙣 𝘽𝙧𝙤𝙠𝙚𝙧𝙨 (𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚)
MIoD Breakfast Talks are a way that members and public can listen and participate in discussions, on a wide range of topics that effect Myanmar’s public and private sectors today.
Inaugural talk will begin with “Boardroom Series – Directors and Officers Liability Insurance” will take place on the 10th July and will be conducted by Wallis Towers Watson.
MIoD was launched in March 2018 to provide dedicated Board Directors and Executives education. MIoD aims to promote good corporate governance practices to Myanmar companies. Though its various activities, MIoD will provide best practice tools and resources, to enable Directors to effectively perform their duties to international standards.
Event Fees : $ 10 or MMK 15,000 for Non-Members
Free for Certified Members of MIoD
𝑶𝒖𝒕𝒍𝒊𝒏𝒆 𝒐𝒇 𝑬𝒗𝒆𝒏𝒕: At a time when regulators and investigatory authorities are focusing unprecedented attention on personal accountability for company directors and the business world is constantly changing.
Corporate scandals, increased shareholder awareness and extended rules on corporate governance have made being a company director in the 21st Century an increasingly difficult task. Directors have always been bound by many duties arising under jurisdictional laws. The difference in today’s world is that stakeholders have far greater forms of remedy against directors and there is an increased willingness to pursue claims against them. Whether or not the director is ultimately held liable for such claims, the defense costs associated can be extremely expensive, and the process can take up months or even years of a director’s valuable time. In practice, once a claim is alleged against a director for any wrongdoing, they can seek assistance from D&O policy.
𝙍𝙚𝙜𝙞𝙨𝙩𝙧𝙖𝙩𝙞𝙤𝙣:
To register, please register through email rsvp@myanmariod.com;
or
𝑶𝒏𝒍𝒊𝒏𝒆 𝑹𝒆𝒈𝒊𝒔𝒕𝒓𝒂𝒕𝒊𝒐𝒏 𝑭𝒐𝒓𝒎: Click Here
If you need more information, please contact Myanmar Institute of Directors (MIoD) – Address: Room 408, Prime Hill Business Square No. 60, Shwe Dagon Pagoda Road, Dagon Township, Yangon, Myanmar. Office Phone: +95 1 382710 ext: 40801~3,5,7
