€145 - €280
Live Online
6.75 CPD Units | 6.75 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
This programme equips current and aspiring directors, board chairs and senior executives with a comprehensive understanding of modern corporate governance principles, legal duties and regulatory frameworks applicable within Cyprus and the European Union. Participants will develop a solid understanding of the role and responsibilities of directors, fiduciary obligations, governance structures and board oversight responsibilities. The programme examines the distinction between governance and management, the legal duties of directors under Cypriot Company Law, regulatory expectations, governance codes and board committee structures. Through practical examples, facilitated discussion and case studies, participants will strengthen their ability to exercise sound judgement, promote ethical leadership, enhance board effectiveness and contribute to the sustainable success of their organisations while meeting regulatory and governance expectations.
Training Objectives
By the end of the programme, participants will be able to:
Describe the fundamental principles and objectives of modern corporate governance.
Explain the legal, statutory and fiduciary duties of directors under Cypriot Company Law and relevant European governance frameworks.
Distinguish clearly between the strategic role of the Board and the operational responsibilities of Management.
Explain the structure, purpose and responsibilities of Boards and Board Committees.
Recognise the principal governance codes, regulatory frameworks and best practice standards applicable within Cyprus.
Analyse governance situations and identify appropriate Board oversight responses.
Apply ethical principles, accountability and sound judgement when making Board decisions.
Promote good governance practices that strengthen organisational performance, transparency and stakeholder confidence.
Training Outline
Introduction
Introduction of trainer and participants
Programme objectives
Programme structure
Icebreaker exercise: The Role of a Modern Director
Evolution and Purpose of Corporate Governance
Evolution of corporate governance
Corporate governance in Cyprus and the European Union
Accountability, transparency and stakeholder confidence
Governance and organisational sustainability
Role of the Board versus Management
Strategic oversight versus operational management
Board accountability
Delegation of authority
Practical case study
Legal Duties of Directors under Cypriot Company Law
Directors' statutory duties
Fiduciary duties
Duty of care
Directors' liabilities
Conflicts of interest
Disclosure requirements
Regulatory Framework and Fit & Proper Requirements
Overview of CySEC
Central Bank of Cyprus governance expectations
Fit and Proper requirements
Ongoing suitability requirements
Governance obligations for regulated firms
Governance Codes and Best Practice Frameworks
Cyprus Corporate Governance Code
EBA/CySEC Governance Guidelines
Central Bank Governance Directives
ISO/OECD Principles of Corporate Governance
Mandatory versus voluntary governance frameworks
Board and Committee Structures
Executive, Non-Executive and Independent Directors
Audit Committee
Risk Committee
Nomination Committee
Remuneration Committee
Governance challenges within group structures
Case Studies and Reflection
Governance failure case study
Lessons learned
Group discussion
Reflection on Board effectiveness
Wrap-Up and Evaluation
Summary of key learning points
Participant reflections
Course evaluation
Closing discussion
Who Should Attend
This programme is suitable for:
Executive Directors
Non-Executive Directors
Board Chairs
Board Committee Members
Senior Executives preparing for Board appointments
Company Secretaries
Corporate Governance Professionals
Legal and Compliance Professionals
Regulators and Policy Makers
Professionals advising Boards and Governing Bodies
Training Style
The programme combines interactive presentations, facilitated discussions, practical examples, governance case studies and group exercises to encourage active participation and knowledge transfer. Participants apply governance principles to realistic Board scenarios, enabling immediate application of learning within their organisations.
CPD Recognition
This programme may be approved for up to 6.75 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customised to meet any specific needs and delivered in-house.
Petros Florides
Petros Florides has over 25 years of financial services experience in the areas of private banking, fund management, stockbroking, private equity, proprietary trading and microfinance. He is an Honours graduate in Accountancy and holds a number of professional qualifications, including: Chartered Director; Chartered Management Accountant; Chartered Fellow of the Chartered Institute for Securities & Investments ('CISI'); Certified Member and holder of the Governance Specialist Qualification of the Institute for Risk Management. He is currently employed by World Vision International as Senior Director of Global Governance for the regions of Europe, Middle East, Asia and Australasia. Petros has published numerous articles on governance and related areas, and was the lead author of the Code for Public Sector Governance which, after five years of public consultation, was approved by the Cyprus Council of Ministers in July 2019. Petros also serves as a Non-Executive Director - either as Char of the Board or Audit Committee - of companies within the industries of financial services, fintech and digital solutions. He has also served on the CISI Board of Trustees (UK) since June 2019, and is Co-Founder and Past-President of the CISI Cyprus National Advisory Council. Petros successfully completed: the Certified Sustainability (ESG) Practitioner Advanced Program (approved by the Chartered Management Institute) in 2021; and, the PRI Academy courses in Applied Responsible Investment and Responsible Investment for Trustees. In addition, Petros has represented the Cyprus Institute of Directors on various fora of the European Community Directors Association (‘ecoDa’). Petros is accredited in two different methods of psychometric testing that he uses to integrate an understanding of human behaviour in his teaching of professional and bespoke executive courses in the areas of governance, risk, leadership, sustainability and ethics through CISI Accredited Training Providers and other prestigious institutions. He is also a regular speaker and panelist at public events on the same subjects. Petros is also a founding member of the Advisory Council for the Centre for Good Governance."
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.
Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.
To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
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