Local Authority Companies' Directors' Training Programme

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Registration: 
Registration is open throughout the year. 
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Course Fee: MVR 1,500/-
Payments should be transferred to the following account: 7701156637003
Account Name: CMDAINCOME A/C
All bank charges (if any) should be borne by the applicant.
Payment and Enrollment
Access to the online course will be granted upon receipt and verification of the completed registration form and payment.
Mode of Study
CMDA Training Platform
Programme Overview
The Local Authority Companies' Directors' Training Programme is designed to enhance the knowledge, skills, and values required of directors serving on Local Authority Companies.
The programme focuses on corporate governance, the duties and responsibilities of directors, and the legal and regulatory framework governing Local Authority Companies in the Maldives, including the Corporate Governance Code, Companies Act, taxation requirements, and anti-corruption laws.
In addition, the programme provides practical knowledge and tools to strengthen business judgement, decision-making, financial literacy, ethical leadership, and risk management.
This programme is self-paced, delivered via the CMDA training platform, and available throughout the year. Participants must complete the programme within one year of enrollment. A completion certificate will be provided to participants who achieve a passing mark of 70% by completing the quizzes in each session of the programme.
Who should attend?
  • Directors of Local Authority Companies (LAC)
  • Individuals interested in pursuing directorships in Local Authority Companies
Presented by:
  • Capital Market Development Authority (CMDA)
  • Ministry of Economic Development (MED)
  • Auditor General’s Office (AGO)
  • Anti-Corruption Commission (ACC)
  • Maldives Inland Revenue Authority (MIRA)
Trainers:
Subject matter experts from the Maldives.
Duration
Self-paced learning.
Participants may complete the programme at their own convenience. However, newly appointed directors are required to complete the programme within six (6) months of their appointment.  
Programme access is valid for one (1) year from the date of successful enrollment. Participants who do not complete the programme within this period must register again.
Assessment & Certification
Each learning module includes a 10-question multiple-choice assessment designed to evaluate participants' understanding of the course content.
To successfully complete the programme and receive a Certificate of Completion, participants must:
  • Complete all learning modules.
  • Complete all module assessments.
  • A minimum score of 70% is required to complete the modules.
Certificates will be issued upon successful completion of all programme requirements.
Course Contents:
  • Introduction & Priorities
  • Legal Frameworks
  • Fit & Proper Requirements
  • Director’s Duties & Code of Conduct
  • Board Composition & Structure
  • Financial Reporting, Compliance & Other Requirements
  • Corporate Governance
  • Taxation
  • Business Ethics, Audit & Risk Management
  • Sustainable Investing
  • Financial Statements & Annual Reports
  • Preventing Corruption in Public Interest Entities
  • Viyana (Private Securities Segment)
Enrolment & Technical Support:
For enquiries regarding registration, enrolment, or technical assistance, please contact 7923151.

Upcoming Training Schedules