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.

Myanmar Institute of Directors (MIoD) contribution to the event of partner organization, British Chamber of Commerce Myanmar on 3rd Sept 2019.

An insightful discussion through presentation and discussion in the event namely “𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 – 𝐈𝐬 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝?” organized by BritCham and member organizations.

Vicky Bowman (Director of Myanmar Centre for Responsible Business – MCRB cum BoD of MIoD) and Ma Cherry Trivedi(CEO of MIoD cum Founder/Managing Director of Ayuroma Advisory International Pte., Ltd) participated together as speakers and identifying all the areas where businesses are underprepared and at risk from various threats.

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

Director Certification Programme (DCP) 3rd Batch held in Mandalay starting from 6th – 8th August with the Leadership of the private entrepreneur-training program with pride as the first day.

The founder of the Business, Leadership and Management are attending include those based on the current business, especially in Mandalay, discussed about Myanmar Corporate Management framework, Challenges and Usage Policies by exchanging ideas.

Yangon different from the family business with international standard business activities, The role of the participating families how to step-by-step images, Structures, Board members discussed based on accountability in the current experience. Most often, “of course, should these same participants will be away from home to assist with the ability to be opened In addition to what was a very productive discussion in the light of your life. “

Th͏e ͏Wa͏l͏t͏o͏n ͏f͏a͏m͏i͏l͏y ͏o͏f ͏Wa͏l͏m͏a͏r͏t, ͏Ro͏c͏h͏e, ͏Ma͏r͏s ͏f͏a͏m͏i͏l͏y — ͏Ma͏r͏s, ͏Sa͏m͏s͏u͏n͏g, ͏Ca͏r͏g͏i͏l͏l ͏a͏n͏d ͏Ko͏c͏h ͏f͏a͏m͏i͏l͏y — ͏Ko͏c͏h ͏i͏n͏d͏u͏s͏t͏r͏i͏e͏s ͏w͏h͏a͏t ͏d͏o ͏t͏h͏e͏y ͏h͏a͏v͏e ͏i͏n ͏c͏o͏m͏m͏o͏n? ͏Th͏e͏s͏e ͏a͏r͏e ͏t͏o͏p 10 ͏w͏e͏l͏l ͏k͏n͏o͏w͏n ͏f͏a͏m͏i͏l͏y ͏o͏w͏n͏e͏d ͏c͏o͏m͏p͏a͏n͏i͏e͏s ͏p͏e͏r ͏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 2, the participants reviewed:

• Family Governance in the context of succession planning
• Best Practice review of live case studies across Asia
• Ethical Dilemmas, through the reconciliation methodology
Directors on the Board need to work together as a team by navigating turbulent times by

ᗩ (ᗩTTITᑌᗪE), ᗷ (ᗷEᕼᗩᐯIOᑌᖇ) ᗩᑎᗪ ᑕ (ᑕᗩᑎᗪOᑌᖇ) Oᖴ ᗷOᗩᖇᗪ ᗪYᑎᗩᗰIᑕS

 

Day 3, DCP Program is starting with questions for C-suite 

 

As a Board of Directors – please think as food for thought – Where do you want to invest? Based on the thought of Hurdle rate so-called Minimum acceptable rate of return. How much expecting the % of the Hurdle rate for you?