Institute of Corporate Directors and Secretaries (ICDS)
About ICDS
Institute of Corporate Directors and Secretaries (ICDS) is a training institute established by CMDA with the aim to raise corporate governance (CG) standards in companies and help directors and secretaries carry out their duties and responsibilities more effectively, and ultimately, to promote a more vibrant and attractive capital market in the Maldives.
Vision
“Leadership in effective corporate governance in the Maldives”
Mission
“To be a member institute that will professionalise the work of directors and secretaries so they may add value to their organizations and adopt the highest standards of corporate governance”
Training Programmes
The three training programmes conducted by ICDS on a regular basis are the:
- Directors Training Programme
- Local Authority Companies' Directors' Training Programme
- Company Secretaries Training Programme
targeting directors and secretaries of companies listed on the Maldives Stock Exchange, state owned enterprises and interested private companies & individuals.
The training programmes of ICDS are designed to enhance knowledge, skills and values demanded by modern corporate governance practices among the corporate directors & secretaries. The programmes of ICDS are revised ever year to include the most current CG modules/topics. For training related inquiries please contact 7923151.
Directors Training Programme
This programme covers directors’
responsibilities, liabilities, and best practice in the boardroom with a focus
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 the Companies Act, Taxation and
Anti-corruption. This is to equip directors with tools to help them exercise
reasonable and informed oversight over the management and financial performance
of the company.
This programme will further
enhance decision making and analytical skills along with knowledge on business
ethics, taxation and such.
Local Authority Companies' Directors' Training Programme
Local Authority Companies’ Directors’ Training Programme is conducted in collaboration with the Ministry of Economic Development. This programme is designed to provide the essential skills required to improve corporate performance and increase individual directors’ contributions at Board level. This covers a detailed understanding and up-to-date knowledge of the role of Directors and the Board and includes modules such as benefits of technological advancements and preventing corruption in public interest entities.
Company Secretaries Training Programme
The role of a Company Secretary
is evolving with the ever-changing business landscape. A Company Secretary
plays the role of a mediator between the company and its Board of Directors,
the government, shareholders, regulatory authorities and stakeholders. While ensuring
that board procedures are effective, the Company Secretary also advises Boards
on their statutory duties under the law extending to corporate governance
requirements and best practices and help Boards with their relationship with
the management.
This 2-day Programme equips
existing Company Secretaries and individuals interested in becoming a Company
Secretary, with knowledge of the Companies Act, Corporate Governance, and best
practices to advise the Board of Directors whose conduct will significantly
affect how companies are run.
Other Programmes
Apart from conducting the directors & secretaries training programme, ICDS collaborates and partners with other organizations in their efforts for creating CG awareness, and in educating the stakeholders on the evolving best practices of CG.