Directors Roles and Responsibilities

Directors Roles and Responsibilities

All members of Boards of Directors need to follow a series of statutory, common law, and equitable obligations as per what is dictated by corporate governance issues. These include their duties to the corporation, the avoidance of conflict of interest, the expectancy to display high levels of care and diligence, and the expectance to act in good faith to promote the success of their company.


Directors of Investment Firms however, besides the above, need to adhere to the provisions of Law 144(I)/2007 which provides for the provision of Investment Services, the exercise of Investment Activities, the operation of Regulated Markets and other related matters.


So, come and join is to this breakfast short seminar where all questions will be answered, and where you will also have the chance to mingle and discuss with other Directors in the sector.

The Law has special provisions on the obligations of the Firms Directors, and specific requirements on how to act and operate within this environment

This Course is addressed to

  • Members of the BoD of Investment Firms (IFs) and Fund Managers
  • Compliance Officers and Risk Managers of Investment Firms
  • Fiduciary Service Providers with IF clients
  • Consultants and Advisors

What will be taught

  • Corporate Governance for the BoD
  • The roles and responsibilities of the BoD based on Investment Firms Law
  • Appointment and Approval process of CySEC for a new member of the BoD – issues of suitability
  • Requirements on professional competence and repute of BoD members
  • Management expectations
  • Meeting Requirements
  • Directors Liabilities
  • Insurance Practices for the BoD
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DATE: 17 May



LOCATION: EIMF Premises, Nicosia

TIME: 08:30 - 14:00

FEES: €100 + VAT


You can register by sending the completed registration form above to [email protected] or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

Trainer: Yiannos Ashiotis

A seasoned trainer, Yiannos has been putting his diverse international business experience in good use by helping organizations achieve their targets by empowering their people through energetic, value adding training programs.

Yiannos has developed and conducted professional training seminars with emphasis on accounting, finance, management, regulation as well as a variety of business topics to corporate audiences in many countries including Poland, Hungary, Greece, Cyprus, Kuwait, Oman, Qatar, Bahrain, Saudi Arabia, Dubai, Egypt, Abu Dhabi etc.

During his career Yiannos has held various managerial and executive positions in a number of multinational companies in Europe and the Middle East in a variety of industries.

He was involved in diverse activities ranging from business development to operations and executive management. He structured complex investment funds, lead organizational change, and implemented regulatory programs across international organizations.

Yiannos holds non–‐executive directorships in a number of financial services organizations and is a member of many international professional bodies. He is currently the Managing Director of Intelion Partners, a boutique firm focusing on management, financial, and investment firm/fund advisory and consulting.

Trainer: Miltiades Miltiadous

Mr. Miltiades Miltiadou is an independent Insurance and Risk Management Consultant. He worked in the insurance sector since 1999 and was the General Manager of AIG (Cyprus Branch). He has authored several books on insurance and other subjects and is a visiting lecturer at several universities teaching Insurance Environment (insurance law and regulation), Liabilities Insurance, Motor Insurance, Management Skills, and Insurance Contract Wordings. He holds a Law degree from Athens University, a post grad diploma from University of Amsterdam and is a Humphrey Fellow in Public Administration at the University of Washington.

Trainer: Christina K. Livada

Dr Christina Livada is a Lecturer of commercial law at the Faculty of Law of the National and Kapodistrian University of Athens. Her main fields of specialization are company law, public and private banking and capital markets law, as well as consumer protection law. She is the author of several books and articles in the abovementioned fields. Christina Livada is working for the last fifteen years at the Hellenic Bank Association as a Special Legal Advisor (currently on a part-time basis), responsible for the regulatory issues pertaining to banking, capital markets and consumer protection law. She is a member of the corporate governance Working Group of the Hellenic Corporate Governance Council for the review of the Greek Corporate Governance Code. She is also member of the Hellenic Association of Banking and Capital Markets Law and responsible for the content of the scientific Review Financial Law.

She obtained her PhD from the Faculty of Law of the National and Kapodistrian University of Athens in 2004. In 1996, she obtained her D.E.A. in International Law (International Private Law and Commercial Law) from the Panthéon-Assas University (Paris II). In 2000 she was awarded a research scholarship from the Swiss Institute of Comparative Law in Lausanne. In 1995 she completed her undergraduate studies at the Faculty of Law of the National and Kapodistrian University of Athens.

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