Finance director internal auditors, senior executives and Corporate Governance practitioners from 12 companies and government agencies attended MIoD’s 2-day Internal Audit Master Program on October 30th – 31st, 2019.

Day 1 of the program started with opening remark by U Tun Myat from Yoma Bank followed with Internal Audit Overview by Ms. Kate Lazarus from International Finance Corporation (IFC) and why it is important for any organization to have an independent and well-functioning IA department. The session then continued with Case study about audit risk assessment and annual planning with interesting group presentation and role play exercises.

Day 2 comprises with IT audits best practices and CAATS/Data Analytics Techniques by Ms. Sie Sie Htun from KPMG Myanmar focusing on the importance of data analytics and explore various data analytics technology, software, and tools. Good corporate governance and its benefits were discussed by Mr. Anar Aliyev from IFC. The program then continued with the role of internal audit in sustainable development by Ms. Leyal Savas from IFC. Participants were excitedly participated with internal audit reporting and audit follow-up case study. The program was lightened by Group panel Discussion between Mr. Dominic Notario from MOB Bank, Mr. Tin Htoo Khaing from Access Spectrum Co., Ltd., Mr. Zaw Toe Moe from City Mart and Ms. Kim Chawsu form MIoD about Audit Committee and Senior executives’ expectations from Internal Audit. The program warped up with preparation of participants’ internal audit action plans.

23 director generals, board directors, senior executives and Corporate Governance practitioners from 16 companies and government agencies attended MIoD’s 3-day Director Certification Program 4th Batch on October 1st – 3rd, 2019.

The first day of the DCP started with a deep dive into the fundamentals of the corporate governance framework with the objectives of providing directors opportunities to understand how to ensure effective implementation of governance practices in their companies and examining the role, structure, and function of the board of directors and other pertinent topics such as the legal environment for governance and Corporate Governance landscape in Myanmar.

The second day of the DCP equipped Directors with insights into the finance essentials with the objective of providing Directors with the ability to ask management the right questions on behalf of their shareholders on the firm’s performance as well as accounting fraud, internal controls and enterprise risk management in order to fulfil their role as effective monitors of management on behalf of shareholders.

The third day focus on the various stakeholders that the Directors interact with and how they can create value by developing the skills and knowledge for effective ownership and board membership.

An expert team from MIoD, Dentons Myanmar Limited, World Bank, Willis Towers Watson, EV UTW Advisory Limited, AYA Bank and YSX delivered the workshop with expert facilitators.

Day 1 the Second Batch of MIoD’s “Board/Company Secretary Program” for Company/Board Secretaries and other professionals who are directly involved in board support and board information preparation and presentation to help them provide to their board the best quality board support.

Morning sessions are exciting and getting ideas for enhancing the way of work as a professional Company Secretary as the summary of how-to which skills company secretaries should ideally have to adequately fulfill their role as governance facilitators.

The second-day program discussed in focusing the practical ways of work as a Company Secretary. The Corporate/Company Secretary’s Toolkit was provided to All CS Participants.

As the 2nd Day of MIoD Board Secretary Program, these are the rewards that distinguish the knowledgeable and effective Corporate Secretary. Easy to manage and growing levels of accountability of the Corporate Secretary requires deliberate action such as continuing professional development.

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.

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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

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For further information, contact: MIoD on info@myanmariod.com