The 𝐁𝐚𝐭𝐜𝐡 𝟒 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐨𝐚𝐫𝐝/𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 begun on 28th June 2022 as 1.5 days in-person program at Melia Yangon. The 𝐂𝐡𝐚𝐢𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐈𝐨𝐃’𝐬 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 kicked off an Opening Remarks.

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The sessions then started with the “𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 (𝐂𝐆)” which explained the basics of corporate governance with the framework followed by “𝐓𝐡𝐞 𝐋𝐞𝐠𝐚𝐥 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐂𝐆 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐢𝐧 𝐌𝐲𝐚𝐧𝐦𝐚𝐫” presenting Directors Duties according to MCL with the reporting and disclosure. The session later continued with “Building an Effective Board” focusing on Board Composition, Roles, Committees and Evaluations.

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Thenceforth, the attendees learned “𝐑𝐨𝐥𝐞 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲” and “𝐑𝐮𝐧𝐧𝐢𝐧𝐠 𝐚𝐧 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐁𝐨𝐚𝐫𝐝 𝐚𝐧𝐝 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐀𝐆𝐌𝐬” useful in developing a Board Charter and Policies, Board working procedures, Board Meeting Agenda & Minutes, Review of Board Packs and Running Member Meetings (AGMs) including during COVID

The sessions were delivered in case studies materials with interactive discussions

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𝐃𝐚𝐲 𝟐 of Board/Company Secretary Program continued on 29𝘵𝘩 𝘑𝘶𝘯𝘦 2022 with the“𝐆𝐨𝐨𝐝 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐧𝐞𝐞𝐝𝐬 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐁𝐨𝐚𝐫𝐝 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐞𝐬: 𝐚 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫” followed by a 𝐑𝐨𝐮𝐧𝐝𝐭𝐚𝐛𝐥𝐞 𝐃𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 on Best Practices and Company Secretary Roles on the public listed and non-listed companies. The attendees later review “𝐓𝐞𝐦𝐩𝐥𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬”, useful and required by the board secretary, and worked together on the case study.

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A huge thank you to all our incredible trainers, especially to our 𝐢𝐧𝐯𝐢𝐭𝐞𝐝 𝐠𝐮𝐞𝐬𝐭 𝐬𝐩𝐞𝐚𝐤𝐞𝐫𝐬 U Myo Min, U Thurane Aung and Daw Khine Wai Thwe and our attentive audience. Congratulations to all attendees who have completed the Board/Company Secretary Program.

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If you are interested in attending future MIoD’s training programs, visit https://lnkd.in/dKYHHqHt.

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Or contact the Myanmar Institute of Directors (MIoD) Institute of Directors (MIoD) at info@myanmariod.com and +95 9 400 151 412 or +95 9 400 151 419.

⁣The MIoD’s third Annual General Meeting 2022 was held on 23rd June 2022. Given the COVID-19 guidelines this years’ AGM was held electronically by live-stream on Zoom in the interests of safety for our fellow members.

The meeting was led by U Thura Ko Ko, who was appointed as the AGM Chair, followed by Daw Thiri Thant Mon, CEO of MIoD, who presented the CEO’s Annual Report, and the Auditors reviewed the Audit Statement. There were 9 resolutions voted by the member at the AGM and by proxy forms, which appointed new directors, re-appointed the current auditors of the MIoD until the next AGM and adoption of financial statements. All resolutions were passed.

We would like to congratulate the re-elected board members, Daw Muyar Lunbeck, Dr. Tun Thura Thet and Daw Khine Sandar Min and newly elected board members, Daw Thiri Thant Mon, Dr. Su Hla Han and U Aung Myat Khaing. For the six vacant seats, nine members put themselves forward for election and 71 members participated in the voting process.

The Board and the management of MIoD sincerely thank all of our past and present supporters, members and trainers who have been crucial to enable the activities of MIoD. Your continued presence and contribution to the MIoD is highly valued by our Board and fellow members. We are looking forward to helping you and your company with your corporate governance and directorship journey and working together to further the cause of good governance and building professional boards in Myanmar.

Please find relevant documents here:
Annual Report 2021 – 2022: https://bit.ly/3I4aY2l

We would like to extend the invitation of Frontier Myanmar, launching inaugural Business Leader Roundtable on June 9^th at 4.30pm MMT to provide a platform for corporate leaders, investors and senior executives to discuss how businesses are navigating the Myanmar environment.

Please see Facebook for more details: https://fb.me/e/2tBeCey1q 

Please register here before 11.59pm MMT, June 8th: https://us06web.zoom.us/webinar/register/WN_1P0FUf4UQGSd67J0NtduaA

For any enquiries about membership or registration please contact the membership team: members@frontiermyanmar.net

The Batch 2 Finance for Directors Program restarted on 28th May 2022 as two days in-person program at the Novotel Yangon Max. The Chair of the MIoD’s Learning Committee, kicked off an Opening Remarks. The Program delivered the relationship between corporate governance, directors and finance knowledge and the responsibilities of management, directors, auditors and stakeholders followed by the in-depth focus on the Financial Governance. Later it conducted the Basics of Interpreting Financial Statements by reviewing their component parts and developing ways in analysing business/financial information followed by Accounting Fraud and Internal Control which is an increasingly important part of board’s function.

Day 2 of the 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 continued 29𝘵𝘩 𝘔𝘢𝘺 2022 with the 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝗶𝗳𝗲 𝗖𝘆𝗰𝗹𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 where attendees learnt the Diverse sources of funding, Debt options and issues, Equity options and issues, other alternatives together with Nature and purpose of financial information.

The session is then followed by the 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗼𝗳 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 where it reviewed Board and Audit Committee role in financial reporting, Competence of the finance team, Overseeing the integrity of financial statements and other key information, Common weaknesses in the financial reporting process, Oversight of the external auditor, Audit quality, Audit scope and approach, Auditor independence and qualifications and Engagement with the external auditor.

The attendees later worked together in 𝙂𝙧𝙤𝙪𝙥𝙨 on the case study of overviewing the Myanmar and International companies annual reports. The 𝗖𝗘𝗢 𝗼𝗳 𝗠𝗜𝗼𝗗 gave the closing remarks with the knowledge sharing topic on 𝑆𝑢𝑠𝑡𝑎𝑖𝑛𝑎𝑏𝑖𝑙𝑖𝑡𝑦: 𝑊ℎ𝑎𝑡 𝐵𝑜𝑎𝑟𝑑𝑠 𝑆ℎ𝑜𝑢𝑙𝑑 𝐾𝑛𝑜𝑤 𝑎𝑛𝑑 𝐷𝑜.

A huge thank you to all our incredible trainers, and our attentive audience. Congratulations to all directors who have completed the Finance for Directors Program.

If you are interested in attending future MIoD’s training programs, visit http://localhost/website/miod/event-learning-series/learning-serie/.

Or contact the Myanmar Institute of Directors (MIoD) at info@myanmariod.com and +95 9 400 151 412 or +95 9 400 151 419.

We are delighted to share a series of 6 curated webinars about “Conversations on Climate Governance” on 5^th April, 10^th May, 7^th June, 5^th July, 2^nd August and 6^th Sept 2022 (3 pm – 4:15 pm, Kuala Lumpur Time). These webinars are organised by ASEAN Climate Governance Network and Sustainable Finance Institute Asia with the support of the Institute of Directors in ASEAN for an audience of ASEAN directors and businesses.

Session 4, which will be held on 5th July at 3 pm (Singapore Time) and 1:30 pm (Yangon Time) will be featured by Prof. Mak Yuen Teen (National University of Singapore), Dr. Khoo Seng Guan (Singapore Management University), and Shai Ganu ( Managing Director, Willis Towers Watson, Singapore). Sessions are free to participate in and will be conducted virtually.

For more details and to register for the event, please visit the following links:

https://www.cgmalaysia.com/event-details/conversations-on-climate-governance-a-series-of-6-webinars

https://pulse.icdm.com.my/icdm_event/conversations-on-climate-governance/

The 𝐌𝐈𝐨𝐃 took part in the 3rd Annual Leading for the Future 2022 organized by FutureBoards in collaboration with Aftenposten and the Financial Times as media partners on 27th April 2022 at 9:00 am (Norway time); 1:30 pm (Myanmar Time).

The online live chats were powered by DNV, Good Governance Academy, The Institute of Directors, Boards Impact Forum, and SHE Community, together with the Myanmar Institute of Directors (MIoD), chaired by our CEO Ms. Thiri Thant Mon.

During this conference, speakers shared their insights and knowledge on how corporate decision-makers could and should contribute to ensuring long-term growth for all – within planetary boundaries. We would like to express our heartfelt thanks to Ms. Vicky Bowman, our board member for facilitating the topic “𝑫𝒂𝒎𝒏𝒆𝒅 𝒊𝒇 𝒚𝒐𝒖 𝒅𝒐 – 𝑫𝒂𝒎𝒏𝒆𝒅 𝒊𝒇 𝒚𝒐𝒖 𝒅𝒐𝒏’𝒕…”.

#leadingforthefuture  #goodcorporategovernance  #decisionmakers  #integratedreporting  #sdgs2030  #myanmar  #financialliteracy  #directors  #greenwashing  #sustainability #business  #community  #growth #future  #media  #collaboration