On 13th January 2020, Day 1 DCP is an important day to understand a deep dive into the fundamentals of the ๐ช๐๐๐๐๐๐๐๐ ๐ฎ๐๐๐๐๐๐๐๐๐ 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 ๐ ๐๐ฆ๐ข๐ฅ๐ฒ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ context. The discussions are really helpful to understand how to ensure effective implementation of governance practices in their companies.
The program was set within theย #Asianย #businessย context and provided a well-rounded board-level view of key strategic areas and issues facing many companies in Myanmar.
โThe 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,โ saidย Ma Cherry Trivedi.
๐๐ฎ๐ ๐ฎ ๐ผ๐ณ ๐๐ข๐ซ๐๐๐ญ๐จ๐ซ’๐ฌ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ ๐ซ๐๐ฆ (#๐๐๐ฃ) ๐ถ๐ ๐ฎ๐น๐น ๐ฎ๐ฏ๐ผ๐๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ. ๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ผ๐ฟ๐ ๐ป๐ฒ๐ฒ๐ฑ ๐๐ผ ๐๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ ๐๐ต๐ฒ ๐๐๐ผ๐ฟ๐ ๐ฏ๐ฒ๐ต๐ถ๐ป๐ฑ ๐๐ต๐ฒ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ๐ ๐๐ผ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ๐ ๐ฐ๐ฎ๐ป ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐๐ฒ๐น๐ ๐บ๐ผ๐ป๐ถ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ผ๐ณ ๐๐ต๐ฒ๐ถ๐ฟ ๐ผ๐ฟ๐ด๐ฎ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป๐ ๐ฏ๐ ๐ฒ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ป๐ด ๐ถ๐๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ.
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).
โย ออThอe อwอaอlอtอoอn อfอaอmอiอlอy อoอf อwอaอlอmอaอrอt, อrอoอcอhอe, อmอaอrอs อfอaอmอiอlอy โ อmอaอrอs, อsอaอmอsอuอnอg, อcอaอrอgอiอlอl อaอnอd อkอoอcอh อfอaอmอiอlอy โ อkอoอcอh อiอnอdอuอsอtอrอiอeอs อwอhอaอt อdอo อtอhอeอy อhอaอvอe อiอn อcอoอmอmอoอn? อtอhอeอsอe อaอrอe อtอoอp 10 อwอeอlอl อkอnอoอwอn อfอaอmอiอlอy อoอwอnอeอd อcอoอmอpอaอnอiอeอs อpอeอr อForbes.
๐ฐย ๐๐ฒ๐๐ง๐ฆ๐๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ข๐ฌ ๐ฆ๐๐๐ ๐ฎ๐ฉ ๐จ๐ ๐๐๐ฆ๐ข๐ฅ๐ข๐๐ฌ ๐ฐ๐ก๐จ ๐จ๐ฐ๐ง๐ฌ ๐ฆ๐๐ง๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ. ๐๐ก๐ ๐๐ข๐ ๐ ๐๐ฌ๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐ ๐จ๐ ๐๐๐ฆ๐ข๐ฅ๐ฒ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐ข๐ฌ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ , ๐๐ง๐ฌ๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐๐๐ฆ๐ข๐ฅ๐ฒ ๐ฅ๐๐ ๐๐๐ฒ ๐ข๐ฌ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ง๐๐ฑ๐ญ ๐ ๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง.
On Day 3, the participants reviewed:
โข Family Governance in the context of succession planning
โข Best Practice review of live case studies across Asia
โข Ethical Dilemmas, through the reconciliation methodology
Directors on the Board need to work together as a team by navigating turbulent times by
แฉ (แฉTTITแแชE), แท (แทEแผแฉแฏIOแแ) แฉแแช แ (แแฉแแชOแแ) Oแด แทOแฉแแช แชYแแฉแฐIแแ
Director Certification Program (DCP) Day 3 Afternoon session started with the session of Peter Brimble, Senior Technical Advisor,ย DaNa Facility. He presented a presentation related to Inclusive economic growth through responsible and sustainable private sector development, the title โ๐๐ซ๐ข๐ฉ๐ฅ๐ ๐๐ข๐ง๐ฌ ๐ข๐ง ๐๐ฒ๐๐ง๐ฆ๐๐ซ ๐๐ซ๐๐๐ญ๐ข๐ง๐ ๐๐ง ๐๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญโ
Inclusive Business is an innovative approach to promoting growth in an economy with the private sector contributing to inclusive economic growth by creating and expanding opportunities for the poor. Inclusive Business is a relatively new concept in Myanmar and while there are a growing number of social enterprises and corporate social responsibility activities in the country, the notion of engaging the poor through core business activities is still nascent.
The Head of DFID – UK Department for International Development to Myanmar, Dr Gail Marzetti, speaking about the publication of the report in Yangon today said: โInclusive businesses engage the poor in a way that offers sustainable solutions to the problems the poor face. This is the triple win of inclusive business: the poor, the company, and society all win. That is why it can have such a profound impact on society and on the economy, promoting inclusive growth and sustainable development. And this is why DFID and the UK Government are so committed to promoting Inclusive Business and why we are so pleased to be involved in the publication of this ground-breaking report.โ
A copy of the Inclusive Business in Myanmar report can be found on the DaNa website here.
18 director generals, board directors, senior executives and Corporate Governance practitioners from 10 companies and government agencies attended MIoDโs 2-day Finance for Directors Program on 16th – 17th December 2019.
Day 1 started with an overview of relationship between corporate governance, directors and financial knowledge and the various responsibilities of management, directors, auditors and stakeholders including a review of financial statements, their component parts, and development of ways to analyze business/financial information and use ratios includingย group presentation and role play exercise.ย
Day 2 started with understanding diverse sources of company finance and their advantages and disadvantages and the nature and purpose of financial information for internal purposes. The session reviewed the fundamentals of accounting and audit frameworks and standards, statutory financial reports, and other external reporting obligations, nature and purpose of external financial information, fundamentals of accounting, accounting standards and how information flows through a company. The session continued with case study of Myanmar and International companies annual reports. The sessions ended with Questions and Answers.
An expert team from MIoD, World Bank Group, AYA Financial Group (AFG) and ACCA delivered the workshop with expert facilitators.
Myanmar Institute of Directors is promoting corporate governance standards and best practices in Myanmar. MPE&VCA organized a course on โThe Basics of Corporate Governanceโ in early December to help executives improve their understanding of the importance of sound corporate governance processes and structures in a company.ย We acknowledge and thankย Myanmar Private Equity & Venture Capital Associationย (MPE&VCA) for organizing Awareness Session with MIoD.
MIoD participation inย IFC – International Finance Corporationย andย Myanmar MicroFinance Association event, Launching A Resource Guide Book for Microfinance Institutions in Myanmar.
MIoDย participation in the event and panel discussions of MIoD CEOย Ma Cherry Trivedi, Launch of the Corporate Governance Handbook for Microfinance Institution in Myanmar.
MIoD events are specifically designed to take the ‘work’ out of networking and enhance your knowledge of key business topics related to Corporate Governance (#CG). We believe and value that all of the participants and members connect with the leading minds in governance. Our events keep you connected with inspiring CG Champions from Myanmar and International, the latest ideas and practical insights.
MIOD Networking/End-of-Year Party was held in Sule Shangri-La Hotel on 10th December 2019 where nearly 80 MIoD Members, Non-Members, and Special Guests actively participated in it. MIoD Trainer and Outstanding MWEA award 2019 & Outstanding ASEAN Women Entrepreneur Award 2019 winner Ms. Wah Wah Min who is also Founder and Managing Director at Skills-for-success opened the Event.
Ma Cherry Trivedi, CEO of Myanmar Institute of Directors address welcome remark and appreciation speech for Results and Achievements in 2019 and thanked MIoD Team for working together to come to this point and welcomed a New Year.
For more photos, please see in Photo Gallery.
Finance director internal auditors, senior executives and Corporate Governance practitioners from 12 companies and government agencies attended MIoDโs 2-day Internal Audit Master Program on October 30th โ 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 executivesโ expectations from Internal Audit. The program warped up with preparation of participantsโ internal audit action plans.