The Myanmar Times has concluded “Myanmar’s economy towards GE2020 and beyond”, held at Wyndham Grand Yangon Hotel today.
The event gathered investors, executives, managers, policymakers and researchers to look at what lies ahead for Myanmar’s economy. It was made possible by the generous support of M Tower, Eneos, Marga Group, Bata and Tun Commercial Bank.
Special thanks to the five business leaders on our panel. They are Aung Htun, deputy chair, Myanmar Investment Holdings; Serge Pun, executive chair, Yoma Strategic and First Myanmar Investment Co; Than Lwin, senior consultant, KBZ Bank; Peter Beynon, country chair, Jardine Matheson in Myanmar and Cambodia; and Alok Verma, acting chief executive officer, Ooredoo Myanmar.
The Myanmar Times would also like to express our gratitude to the two speakers, Ma Cherry Trivedi from the Myanmar Institute of Directors and Sean Turnell, State Counsellor Daw Aung San Suu Kyi’s economic adviser.
Thirty business professionals, academics and regulators today graduated from Myanmar’s inaugural Directors Certification Program, becoming the country’s first batch of directors to be certified locally.
The three – day intensive program was 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.
The program was set within the Asian businesses context and provided a well – rounded board – level view of key strategic areas and issues facing many companies in Myanmar.
“The Directors Certification Program will help Myanmar directors become better aware of their responsibilities and ultimately improve the performance of boards and overall corporate governance in the country. This will help attract more foreign direct investment into Myanmar,” said Ma Cherry Trivedi, the CEO of MIoD.
“The Singapore Management University is proud to be the academic partner in Myanmar’s first Directors Certification Program,” said Dr Flocy Joseph, Head Strategic Partnerships, SMU – ExD . “The curriculum that we taught here specifically addresse s the needs of Myanmar boards.”
Sandra Min, Managing Partner, Burgundy Hills Company Limited, a participant at the course said, “I have learnt so many things during these three days. I am more aware of what I can do in my capacity as a company director, e specially under the new Myanmar Companies Law. I feel confident that with certified directors on boards, Myanmar companies are set to grow and reach new heights.”
The Directors Certification Program will be offered on a regular basis across major Myanma r cities alongside Yangon.
Businesses in Myanmar can improve their labor productivity by up to 14 percent if they addressed bullying and sexual harassment reveals a report released today by IFC – International Finance Corporation, a member of the World Bank Group, and UK funded the DaNa Facility. The report, Respectful Workplaces: Exploring the Costs of Bullying and Sexual Harassment to Businesses in Myanmar, contains the findings of a study which was conducted to determine the prevalence and cost of bullying and harassment in the agribusiness, finance, retail and tourism sectors.The full report can be download from http://www.danafacility.com/…/IFC_RespectfulWorkplaces_ENG_…
With the aim of raising awareness of gender equality and celebrate International Women’s Day, the IFC – International Finance Corporation, the Securities and Exchange Commission of Myanmar, and the Yangon Stock Exchange – YSX, participated in the “Ring the Bell for Gender Equality” event alongside 70 stock exchanges worldwide.
The event gathered business leaders, investors, civil society members, and other key partners to highlight the business case for gender equality. Ma Cherry Trivedi, CEO of the Myanmar Institute of Directors (MIoD) and one of the panelists, advised women to embrace their careers and stop feeling guilty for not subscribing to society’s expectations of women’s roles. “What I need to do as a woman is to look at what I want from life. I would not let my environment make that choice for me,” she said.” (Credit- The Myanmar Times, 11th March 2019).
18 director generals, board directors, senior executives and Corporate Governance practitioners from 15 companies and government agencies attended MIoD’s 1-day Corporate Governance Action Planning on March 7, 2019. The workshop is part of MIoD Learning series and it provides a deep dive into the fundamentals of the corporate governance framework and helps directors and executives develop a plan for implementing effective governance practices in their companies. An expert team from IFC, AYA Bank, World Bank and SCM Legal delivered the workshop with both local and foreign expert facilitators.
