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Directors’ Roles and Responsibilities
All members of Boards of Directors need to follow a series of statutory law, common law and regulatory requirements designed to meet corporate governance standards and expectations of stakeholders – including regulators and the wider public. This includes duties to the corporation, the avoidance of conflict of interest, and the need to display high levels of skill, care and diligence when acting in good faith to promote the success of the company.
Serving on a Board of Directors exposes individual members to joint and individual legal liabilities, not to mention reputational risk. As a result, anybody currently or potentially serving on – or supporting or reporting to – a Board of Directors needs to become familiar with the legal and regulatory context within which they do so.
By joining this seminar all pertinent questions will be answered, and participants will also have the chance to mingle and discuss with other Directors in the sector.
Training Objectives
- Introducing the legal and regulatory context within which a Board of Directors functions
- Understanding the expectations on the Board of Directors resulting for the legal and regulatory context
- Reviewing select guidelines further describing the legal and regulatory requirements
- Reference to benchmark governance code for illustration of practical implications
Training Outline
- Corporate Governance for the BoD
- The roles and responsibilities of the BoD based on Investment Firms Law
- Guidelines and best practices (e.g. Fit & Proper, Suitability etc.)
- Directors and Officers Liabilities
- Insurance Practices for the BoD
- Directors’ Duties and Liabilities as per the Legal Context of Cyprus
Training Style
Critical information will be conveyed, with the opportunity for participants to share their experience of serving on – or supporting – Boards for mutual erudition.
CPD Recognition
This programme may be approved for up to 6 CPD units in Financial Regulation and Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in Financial Regulation.
The Cyprus Bar Association (CyBAR) has confirmed that this programme is accredited for 6 CPD units. Professionals requiring CPD units to meet the education requirements for CyBAR licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Law, are advised to consider training subjects in categories that indicate CPD training in Law.
Who Should Attend
- 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 Advisers
Directors’ Roles and Responsibilities
Contact us for Group Registrations of 4 people or more
Schedule
Monday 29/06/2020 - 09:00-16:00
Petros Florides has over 25 years’ financial services experience. He is currently employed as a Senior Regional Governance Advisor for World Vision International and is responsible for the region extending from Ireland to New Zealand. Petros has also published articles on governance in the public sector and wrote a Code for Public Sector Governance which, after five years of public consultation, was recently approved by the Cyprus Council of Ministers for implementation. He is also a Non-Executive Director of Windsor Brokers, Cyprowealth Advisory Services and Pearlscope Limited - all Cyprus registered companies. Petros is Co-Founder and current President of CISI’s Cyprus National Advisory Council and is a Board member of the Institute of Directors (Cyprus Branch). He is also a trainer for professional and executive courses (including CISI qualifications) in the areas of governance, risk, ethics and compliance through CISI Accredited Training Providers, and speaks at public events on the same subjects.
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Olympios is a Lawyer and a Member of the Cyprus Bar Assosiation, Partner at C.D. Datashield Privacy Services Ltd and the Data Protection Officer of the Democratic Party. He worked as a Lecturer on European Union Law at various Higher Education Institutions in Cyprus. He obtained his LLB degree from the University of Leicester and his LLM degree on EU Law from the same University. He is a Certified Privacy and Data Protection Practitioner.
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Mr. George Natar started his career 25 years ago, as a Sales and Marketing Trainer and Consultant to small companies. For the last 15 years he was working as the internal Trainer and Insurance Mediation Compliance officer for an insurance Company of Cyprus. He is currently working as a Trainer in Insurance and Business Programs and as an e-Learning Representative. He holds a bachelor’s degree in business administration from Deree College – The American College of Greece, and a master’s degree in Marketing from Salford University of Manchester, UK. He is a member of the Insurance Institute of Cyprus, a member of the Cyprus Human Resources Management Association (CyHRMA) and holds a certificate as an approved trainer by the HRDA Authority of Cyprus.
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