Learning Series: Director Certification Program (DCP) 2nd Batch

June 11, 2019 - June 13, 2019

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 programs . 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.