The Directorship Programme which is currently underway in Honiara has provided the opportunity for those who attended to expand their knowledge and appreciate the role of a corporate director.
Participants have commended the four-day programme for helping them professionalize the practise of corporate directorship and promote good governance practices in the boardroom which transcends from compliance to performance and board effectiveness.
Trevor Palmer, a board director at Solomon Water and director at his private engineering company, has stressed that it is very important for directors, board members, CEOs and managers to be fully aware of the roles and responsibilities of a director.
“Knowing the roles and responsibility of a Director is not something that we should take lightly.
“It’s something that actually governs and directs business or an SOE in this case to areas where the SOEs or the company wants to be in future and knowing your roles and responsibility as a Director is of great importance here,” he said.
Mr Palmer said there’s a lot of great stuff learned from the Directorship Programme and thanked SICCI for making it possible.
“It’s really an eye opener,” he added.
Donald Marahare is a lawyer by profession who was recently appointed to the Solomon Water board.
Mr Marahare said this Directorship Programme was very useful in regards to his new boardroom role.
“Personally, I find this programme very informative and very useful as well.
“Apart from my legal qualification, sitting on the board of a State-Owned Enterprise (SOE) is a new area for me,” he said.
Mr Marahare, who also manages his own legal firm DNS & Partners, said although the legal aspects of things as a director is clear to him, the operations side and other obligations as a director is fairly new.
“This Directorship Programme basically is very useful. I have indicated to my CEO that on the first day alone I have gained some sense of confidence.
“I believe once the four days is completed, this programme together with experience and qualification it will help me a lot as a director and other colleague directors to increase our level of performances,” he said.
Mr Marahare suggested that all board members and directors in companies and organizations in the country should undergo such Directorship Programme and it should be used in future in determining board members and directors.
“Going into the future I think board members, particularly I’m speaking about SOEs, should use such programme as a prerequisite where they should go through similar trainings and workshops before they can actually qualify to sit on SOE boards as part of the requirement.
“This is because I think this programme adds value, particularly when we are dealing with Government.
“When you are dealing with Government, transparency and accountability is very important and the honesty part of things is very important when dealing with Government institutions,” he said.
Anna Masioa, the Group Operations Manager at United Risk Services Limited is one of the women participants at the Directorship Programme.
“This programme to me is very helpful and interesting because I have learnt a lot especially in terms of becoming a director of a company, it will equip me in taking on another responsibility.
“At the moment, I’m still not a Director but an alternate Director.
“This will definitely equip participants and aspiring directors like myself to be equipped before taking up such position,” she said.
Ms Masioa said the programme has been an eye opener and stressed she is looking forward to take on the challenges.
She encourages other women not to be scared of taking directorship positions.
“I have gained new learnings and new contacts, which make the time spent in the programme quite valuable,” she said.
IODNZ have sent in three facilitators, all of whom are well qualified to deliver the programme.
The programme wraps up today with day four focusing on finance with sessions on basic terms and principles, obligations around external reporting, financial analysis tools to interpret the organization and assessing initiatives to build value.
Day two and three focused on strategy and risk essentials.
This course is aimed at private sector executive and non-executive directors, senior executives reporting to boards, and owners of private or family companies.
This is the first time for a programme of this nature to be hosted in the Solomon Islands, and it is a milestone event which the Solomon Islands Chamber of Commerce and Industry (SICCI) will continue to host next year and into the future.
Solomon Islands Chamber of Commerce & Industry
1st Floor, Suite 223, Hyundai Mall,
T: (+677) 39542
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F: (+677) 39544