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Training and Certification for the Board of Directors
After the Sarbanes Oxley Act and the Basel ii Accord, there is a
lot of discussion in the corporate world about the new
liabilities of the CEOs and the CFOs.
Today we understand that
many organizations have
underestimated the vital role of he board of directors.
The board has the obligation
to understand, to evaluate, to exercise oversight, to review and
approve corporate actions.
More than ever, organizations need directors who are aware of
the risks and prepared to take on the duties and functions of
the boardroom.
After a legal action, the directors have to provide evidence
that they
have exercised due diligence.
They have to provide evidence that they
made informed decisions, that they had learned
all material information
before making a business decision
(there is "good faith" only in case of an
informed
decision).
For example, the cost of Basel ii, Advanced Approach, often
exceeds US$ 200,000,000. This is
not a fixed cost.
Financial organizations have several options. There are always
different courses of action.
It is
possible to spend the above sum of money, only to learn that
your "Advanced Approach" is not so advanced,
or that you do not have the corporate governance elements in
place. If the supervisors do not accept your advanced approach,
the firm and the shareholders will lose hundreds of millions of
dollars. And,
you can prevent that.
Risks to serving directors have risen exponentially after the
new
Basel Capital Accord, the US Sarbanes Oxley Act, the European
Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese
Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX),
the European Union's Financial Services Action Plan (FSAP) that
includes MiFID (Markets in Financial Services Directive,
and so many other Acts, Directives, Regulations.
The members of the board have to understand the new environment
and the new responsibilities in order to
protect their reputation and wealth and their organization.
They have to be aware of the risks and to perform their duties
according to the highest principles and implementation
practices. But, they can do more: They can
use compliance as a competitive advantage
Distance Learning
and Online Certification Program
for
Potential, New
and Sitting Members of the Board of Directors
A.
Certified
Member of the Board of Directors (CMBD)
B. Certified
Member of the Risk Committee of the Board of Directors (CMRBD)
C. Certified
Member of the Corporate Sustainability Committee of the Board of
Directors (CMCSCBD)
To learn more
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm
Join the International Association of
Potential, New and Sitting Members of the Board of Directors
(IAMBD).
www.members-of-the-board-association.com/HowToBecomeMember.html
Member Benefits
www.members-of-the-board-association.com/MemberBenefits.html
Reading Room
www.members-of-the-board-association.com/Reading_Room.htm
Download Our Brochure about our designation: Certified
Member of the Board of Directors (CMBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Board_of_Directors.pdf
Download Our Brochure about our designation: Certified
Member of the Risk Committee of the Board of Directors
(CMRBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Risk_Committee_of_the_Board_of_Directors.pdf
Certified Member of the Board of Directors (CMBD)
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm
Certified Member of the Risk Committee of the Board of
Directors (CMRBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Risk_Committee_of_the_Board.htm
Certified Member of the Corporate Sustainability
Committee of the Board of Directors (CMCSCBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Sustainability_Committee_of_the_Board.htm
Privacy and Compliance with the Federal Trade Commission
Fair, the California Online Privacy Protection Act, the
Children Online Privacy Protection Act, the Privacy
Alliance, the Controlling the Assault of Non-Solicited
Pornography and Marketing Act
www.members-of-the-board-association.com/Privacy.htm
Become a Member and Receive the New Member Orientation
Newsletters
Understand the Role, the Challenges and the
Opportunities
With the new member orientation
newsletters you will have the opportunity to
learn what members registered before you have already learned.
Understand better the role, the challenges and the opportunities
of the member of the board of directors, especially in risk and
compliance management.
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