If you have heard of the term corporate governance but might not have a clear idea of what it is, you are not alone. The concept has been around since investors pooled their resources to form joint-stock companies in the 1800s.
This virtual event proposes to bring together Myanmar policy-makers, international experts, the private sector and civil society to share perspectives and discuss policy options to attract responsible investment that can help foster a sustainable recovery and contribute towards improving the lives of Myanmar people and meeting the Sustainable Development Goals (SDGs).
The new Chief Executive Officer of the Myanmar Institute of Directors, Daw Thiri Thant Mon, alongwith the Chair of the Board U Aung Zaw Naing and Board Member Daw Khine Khine Nwe paid a courtesy visit to the Central Bank of Myanmar on 11th August 2020 in Nay Pyi Taw. The MIoD delegation was kindly received by CBM Deputy Governors U Soe Thein and U Soe Min, and Deputy Director General Daw Khin Sandar. Discussions centered around the promotion and development of Corporate Governance in Myanmar and mutual support and knowledge sharing by the CBM and MIoD to both Private and Public Sectors in their respective initiatives.
The Myanmar Institute of Directors (MIoD) is delighted to announce its new Chief Executive Officer Thiri Thant Mon, effective 01 July 2020. The MIoD would like to sincerely thank the outgoing CEO Ma Cherry Trivedi for her contributions.
Thiri brings over 20 years of experience with top international and Myanmar organisations. Before returning to Myanmar in 2013, she was a capital markets investment banker with Morgan Stanley in London helping institutional clients raise multi-billion-dollar financings. Upon her return, she was a member of the executive committee and Head of Corporate Development at Yoma Strategic Holdings. She founded Pegu Partners – previously named Sandanila – a capital and investment advisory firm, in 2015. Thiri started her career in 2000 in the US with Capital One.
Deeply passionate about education, empowerment and the transition of Myanmar into a vibrant member of the global community, Thiri supports initiatives related to corporate governance, institutional capacity building and attracting investment and intellectual capital into Myanmar. She is a Steering Committee Member of UK DFID’s Business for Shared Prosperity private sector development program. She also enables and shares voices and ideas of others by founding and organising TEDxYangon.
She serves as a member of the board of directors of Dawn Microfinance and the British Chambers of Commerce Myanmar, and is a trustee for several charities including the Yangon Heritage Trust and Turquoise Mountain Foundation, a Prince of Wales Charity. Thiri is fully bi-lingual in English and Myanmar having studied in the Myanmar education system through high school and also dedicated years learning Japanese, Spanish and Russian. Thiri holds a degree in Economics from William & Mary and an MBA from the London Business School.
Thiri Thant Mon: “I am truly honoured to be chosen to lead the MIoD and to be given the opportunity to serve Myanmar through the MIoD’s corporate governance and director education initiatives. Good corporate governance first and foremost helps organisations achieve goals, navigate challenges and thrive by enhancing strategic vision and oversight by the board and management. I firmly believe that strengthening Myanmar’s private sector and attracting investment into productive enterprises contribute to job-creation, economic and social development. I am humbled to be able to play a role in the future of our country through the MIoD.”
The 25 June 2020 is a historic date for the Myanmar Institute of Directors, as we had our first Annual General Meeting.
Due to the COVID-19 pandemic, the AGM was boardcasted via livestream to ensure physical distancing. The meeting was guided by COO Aung Myat Khaing, under the leadership of U Thura Ko Ko, who as was appointed interim Chair for the AGM. Members of MIoD casted their votes on resultions via proxy. In total, there were 10 resolutions, of which all were approved. This means that MIoD will welcome new board members, has now a new constitution, and reappoints the current auditor for future audits.
MIoD would like to express its thanks everyone involved to establish the Institute since its foundation in 2018. We are looking forward to continue promoting good corporate governance practices and business ethics in Myanmar.
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Dear Valued Members,
I’d like to thank you for your continued support to MIoD during these unprecedented times of dealing with Covid-19 epidemic and its impact on your business and the economy. Such times allow us to re-look at our corporate governance structure especially in areas of sustainability and business continuity and construct plans to ensure the continuance of business under new paradigm.
We at MIoD is also at a juncture where we have elections coming up to move from Interim board to an elected board. I would like to extend my invitation to you, our members, to exercise your right to vote in this first-ever elections.
You would have received an email on the voting process and electronic voting means, and I would like to encourage you to vote.
As you are aware, my tenure as an Interim part-time CEO initially was for 6 months when I took on this position in December 2018. However, as per board support and encouragement, I have been at the helm of MIoD until the present time. During my tenure, MIoD has grown in membership and attendance in our training programs as well as events. With your support, MIoD is now well equipped with a capable secretariat team to continue to serve your needs in your journey in Governance and Executive Corporate Trainings.
I have been very fortunate to interact with all the members and training attendees and have the pleasure of sharing my knowledge in corporate governance as well as corporate financial operations.
However, I need to move on to pursue my passion as a Mergers and Acquisition Advisor/Banker and focus my attention on other ventures. Due to this reason, I will be stepping down from MIoD CEO position at the end of June 2020.
MIoD has advertised for a CEO position and I would like to encourage you to assist us in recommending candidates that have good experience and passion to carry the work of MIOD forward.
I will continue to support MIOD and look forward to interacting with all of you soon either via events or training where I will continue to teach.
Best Regards
Ma Cherry Trivedi
Interim CEO
Myanmar Institute of Directors.