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
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.
Day 3
The Walton family of Walmart, Roche, Mars family — Mars, Samsung, Cargill and Koch family — Koch Industries what do they have in common? These are top 10 well known family owned companies per 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 3, the participants reviewed:
Directors on the Board need to work together as a team by navigating turbulent times by
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_…
