Myanmar Institute of Directors (MIoD) delivered a 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐰𝐨𝐫𝐤𝐬𝐡𝐨𝐩 𝐨𝐧 𝐥𝐨𝐜𝐚𝐥 𝐚𝐬𝐩𝐞𝐜𝐭𝐬 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐁𝐨𝐚𝐫𝐝 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 for First Myanmar Investment Public Co., Ltd. (FMI) – the first company listed on the Yangon Stock Exchange.

Ma Cherry Trivedi, CEO of MIOD presented and moderated the discussions through case studies based on local context and interactive group work for the Board of Directors, Directors and Executive Team Members of FMI.

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

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 1^st Batch on July 30^th – 31^st, 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

Director Certification Program (DCP) 2nd Batch was held on 11th – 13th June, 2019 in Sule Shangri-la Hotel,  developed by the Myanmar Institute of Directors (MIoD) together with IFC , a sister organization of the World Bank, in partnership with the Singapore Management University Executive Development, renowned for its excellence in delivering executive progra ms . The Director’s Certification Program was organized with the support from the Directorate of Company Administration and the governments of Australia and the United Kingdom.

 

Day 1

Day 1 DCP is an important day to understand a deep dive into the fundamentals of the 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝑮𝒐𝒗𝒆𝒓𝒏𝒂𝒏𝒄𝒆 Framework. Morning sessions, Participants discussed more focus on examining the role, structure, and function of the board of directors, how it is set in the 𝐅𝐚𝐦𝐢𝐥𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 context. The discussions are really helpful to understand how to ensure effective implementation of governance practices in their companies.

 

Day 2

“𝑨𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝒊𝒔 𝒕𝒉𝒆 𝒍𝒂𝒏𝒈𝒖𝒂𝒈𝒆 𝒐𝒇 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔… 𝑻𝒐 𝒃𝒆 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒂𝒕 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔, 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒕𝒐 𝒖𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅 𝒕𝒉𝒆 𝒖𝒏𝒅𝒆𝒓𝒍𝒚𝒊𝒏𝒈 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒗𝒂𝒍𝒖𝒆𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔.” – 𝑾𝒂𝒓𝒓𝒆𝒏 𝑩𝒖𝒇𝒇𝒆𝒕𝒕

𝗗𝗮𝘆 𝟮 𝗼𝗳 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫’𝐬 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 (#𝗗𝗖𝗣) 𝗶𝘀 𝗮𝗹𝗹 𝗮𝗯𝗼𝘂𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗲. 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗻𝗲𝗲𝗱 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝘀𝘁𝗼𝗿𝘆 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝘀𝗼 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝗰𝗮𝗻 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆 𝗺𝗼𝗻𝗶𝘁𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻𝘀 𝗯𝘆 𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗻𝗴 𝗶𝘁𝘀 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲.

 

We need to comprehend how to analyze the financial position and performance of a firm by taking a deep dive into financial statement analysis. The participants had a great time by doing case studies on which drivers can impact the operating profit (#EBIT). As Directors we hold great responsibility by providing the duty of care and diligence in carrying out our duties. Internal controls and managing risks are an integral part of the board’s review of its effectiveness. The day closed with studies of well-known accounting frauds which resulted in making wrong decisions which led to companies’ sustainability.