Directors' Training Programme

29 - 31 August 2022

Registration Deadline: 24 August 2022
Course Fee: MVR 1,500/-
Online Transfer, should be credited to the following account and transaction slips to be emailed to icds@cmda.gov.mv. All bank charges (if any) should be borne by the applicant.
Account Details: 7701156637003 CMDAINCOME A/C
Payment and Confirmation:  Registration to the event is confirmed upon receipt of payment and application form.
Mode of Study: Face-to-face
This is a 3-day programme designed to enhance knowledge, skills and values demanded by corporate directors.
This programme focuses on corporate governance, duties and responsibilities of directors and its relation to the efficient performance in commensuration to the CG code and other regulations in the Maldives such as Companies Act, Taxation and Anti-corruption.
In addition, this programme offers practical frameworks and tools to sharpen business judgments and decision-making skills, along with analytical skills, knowledge on taxation and business ethics.
Delivered in partnership with the Ministry of Economic Development, Maldives Inland Revenue Authority, Auditor General’s Office, and Anti-Corruption Commission.

Who should attend?

- Directors of State-Owned Enterprises (SOEs)
- Directors of Listed Companies
- Directors of Private Companies
-  Parties interested in becoming Directors of Companies

Presented by:

- Capital Market Development Authority (CMDA)
- Ministry of Economic Development (MoED)
- Privatization and Corporatization Board (PCB)
- Auditor General’s Office (AGO)
- Anti-Corruption Commission (ACC)
- Maldives Inland Revenue Authority (MIRA)

Trainers:

- Subject experts from Maldives

Duration

  • 3 days (9:00am to 4:00pm)

Attendance Requirement & Certification

  •  80% Attendance is required to receive Certification

Course Contents:

Competencies of Directors

  • Roles and responsibilities of Board Directors
  • Strategic planning
  • Reading and interpreting annual reports including financial statements
  • Evaluating investment proposals

Corporate Governance

  • Corporate governance frameworks and mechanisms
  • Global corporate governance
  • Broadening the corporate agenda

Business Ethics and Risk Management

  • Basics of risk management in all forms of business
  • Types of risk, risk identification, assessment and mitigation
  • Board's role pertaining to risk and development strategies
  • Risk diversification
  • Anti-corruption and procurement

Internal & External Audit

Internal Audit
  • Benefits of internal audit
  • Role of internal audit in enhancing the governance of the company
  • Role of the Board to enhance the internal audit function
External Audit
  • Board’s responsibility for preparation of financial statements
  • Board’s responsibility in presenting the audited financial statements before the owners in the AGM
  •  Board’s input to enhance the external audit process

Taxation

  • Purpose of taxation
  • Tax system in the Maldives

Upcoming Training Schedules