St. Lu­cian Com­pany Takes Board Gov­er­nance Train­ing To Turks & Caicos

The Star (St. Lucia) - - LOCAL -

Ac­cord­ing to Dr. Chris Bart of the Saint Lu­cia-based Caribbean Gov­er­nance Train­ing In­sti­tute (CGTI): “It’s not easy be­ing a good cor­po­rate direc­tor th­ese days. There are three es­sen­tial qual­i­fi­ca­tions that all di­rec­tors must meet if they are to prop­erly do their job. I call them the 3 C’s of great gov­er­nance: Com­pe­tence, Cu­rios­ity and Courage.”

Equip­ping di­rec­tors with the first C – com­pe­tence – is the pri­mary vi­sion of CGTI, a col­lab­o­ra­tion be­tween the founder of The Di­rec­tors Col­lege at McMaster Uni­ver­sity and Mile­stone Devel­op­ment, the train­ing and devel­op­ment com­pany based in St. Lu­cia.

The aim of Caribbean Gov­er­nance Train­ing In­sti­tute is to de­liver the in­for­ma­tion, re­search and skills re­quired by di­rec­tors serv­ing on any type of board, be it cor­po­rate, ed­u­ca­tional or non-profit. In the past year, dozens of pro­fes­sion­als from around the re­gion have par­tic­i­pated in two con­fer­ences on gov­er­nance fun­da­men­tals, a brand new ini­tia­tive in the Caribbean which has elicited en­thu­si­as­tic tes­ti­mo­ni­als from del­e­gates.

Last year, CGTI also in­tro­duced a cer­ti­fi­ca­tion pro­gram called the Char­tered Direc­tor (C.Dir) qual­i­fi­ca­tion, in­volv­ing an op­tional three hour exam based on a three day course cov­er­ing all as­pects of board gov­er­nance. In mid-March CGTI took the C.Dir train­ing to Turks & Caicos, where thirty ex­ec­u­tives took part in CGTI’s first ac­tiv­ity held out­side Saint Lu­cia.

The Char­tered Di­rec­tors Pro­gram pro­vides board mem­bers with the frame­work to ef­fec­tively over­see the CEO, con­struc­tively en­gage with man­age­ment of their or­ga­ni­za­tions to help set and ex­e­cute strat­egy and en­sure the fi­nan­cial in­tegrity of fi­nan­cial (and other) re­port­ing sys­tems. CGTI’s mission is to equip the di­rec­tors of Caribbean or­ga­ni­za­tions with the lat­est tools needed to help them excel in the board­room, and the C.Dir ac­cred­i­ta­tion is the first build­ing block in that process. Ac­cord­ing to An­ton Faessler, Pres­i­dent of The Turks & Caicos Bank­ing Co Ltd, the three day Caribbean Gov­er­nance Train­ing In­sti­tute C.Dir pro­gramme is “a very in­ten­sive, en­gag­ing and well re­searched and doc­u­mented train­ing course con­cen­trat­ing on the core is­sues en­hanc­ing per­sonal knowl­edge.”

Held at the Blue Haven Re­sort, the pro­gram was con­ducted by gov­er­nance ex­perts in­clud­ing CGTI co­founder Dr. Chris Bart FCPA, Lead Fac­ulty - The Direc­tor’s Col­lege; Kate Bursey, man­ag­ing direc­tor - Bursey In­ter­na­tional; Mar­cel Mon­deon, chair­man - Mon­geon Con­sult­ing and Ted Sehl, C.DIR cor­po­rate direc­tor.

“I at­tended a cor­po­rate gov­er­nance train­ing sem­i­nar with our chair­man in St. Lu­cia in early 2014. It in­spired me to start a . . . self-eval­u­a­tion process of our board and to start a con­ver­sa­tion about cor­po­rate gov­er­nance and risk man­age­ment,” stated Oswald Simons, Deputy Chair­man of the Turks & Caicos Fi­nan­cial Ser­vices Com­mis­sion.

“I am pleased that the re­main­der of our board joined our chair­man and my­self (in Turks) and com­pleted this more ad­vanced ver­sion of direc­tor train­ing. We are all leav­ing re­freshed and full of ideas to im­prove our board func­tions.” Ac­cord­ing to Lisa Charles, co-founder of CGTI and man­ag­ing direc­tor of Mile­stone Devel­op­ment, the pres­sure on the mod­ern Caribbean board of di­rec­tors to per­form at the high­est level is enor­mous, and the days of hav­ing a ca­sual ap­proach to cor­po­rate gov­er­nance are num­bered.

“The C.Dir pro­gramme is based on Dr. Bart’s in­ter­na­tional re­search and ex­pe­ri­ence, but in­cludes many ex­am­ples and sce­nar­ios from the Caribbean re­gion, so we are de­lighted to bring the course to Turks & Caicos and the re­sponse has been phe­nom­e­nal. The CGTI ap­proach is to de­liver the high­est qual­ity train­ing by in­ter­na­tional ex­perts, and to of­fer the Char­tered Direc­tor cer­ti­fi­ca­tion in lo­ca­tions around the re­gion for all can­di­dates who want to fur­ther their gov­er­nance ed­u­ca­tion.”

Par­tic­i­pants at Turks & Caicos train­ing.

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