The Star (St. Lucia) - - LOCAL -

The Caribbean Gov­er­nance Train­ing In­sti­tute (CGTI) is to launch The Caribbean In­sti­tute of Di­rec­tors (CloD). The CloD is aimed at meet­ing the ex­pressed needs of re­gional or­ga­ni­za­tions for a Caribbean­based ap­proach to cor­po­rate gov­er­nance.

The CloD, the first of its kind in the Caribbean, will pro­vide prac­ti­cally ori­ented cor­po­rate gov­er­nance ed­u­ca­tion, net­work­ing and di­rec­tor place­ment op­por­tu­ni­ties (as well as gov­er­nance con­sul­tancy ser­vices) to di­rec­tors cur­rently serv­ing on the boards of Caribbean or­ga­ni­za­tions and prospec­tive can­di­dates for di­rec­tor­ships.

“The In­sti­tute will not only ad­dress the ‘me­chan­ics’ of be­ing a com­pe­tent 21st cen­tury di­rec­tor, but will also fo­cus on the best prac­tices and prin­ci­ples of be­ing a di­rec­tor who is con­struc­tively in­volved in defin­ing the role of his or her com­pany in Caribbean so­ci­ety,” said Dr. Chris Bart, Chair­man of the CloD. He added, “This ini­tia­tive builds on my work of 13 years as the Founder of the Di­rec­tors Col­lege of Canada in de­liv­er­ing di­rec­tor ed­u­ca­tion, and 30 plus years of re­search­ing the prac­tices and prin­ci­ples in cor­po­rate gov­er­nance”. Lisa Charles, CEO of the In­sti­tute and found­ing part­ner of CGTI stated: “With the cre­ation of the CloD, mem­bers of Caribbean boards will now have a com­mon ref­er­ence point with which to ful­fill their on-go­ing gov­er­nance ed­u­ca­tion and net­work­ing needs. It’s an idea whose time has fi­nally come! And the Caribbean Gov­er­nance Train­ing In­sti­tute is firmly com­mit­ted to mak­ing the CloD a suc­cess by con­tribut­ing sig­nif­i­cant start-up funds and pro­fes­sional ex­per­tise to make it hap­pen.”

The vi­sion of the CloD is to es­tab­lish an or­ga­ni­za­tion uniquely tai­lored to the needs of Caribbean boards and se­nior ex­ec­u­tives. Its in­ten­tion is to pro­mote pro­fes­sional stan­dards for di­rec­tors that Caribbean or­ga­ni­za­tions will be proud to sup­port and share­hold­ers, and other stake­hold­ers, will come to ex­pect of their boards. To as­sist in that re­gard, CloD is gov­erned by an Ad­vi­sory Board with mem­bers be­ing drawn from across the re­gion. Dr. Chris Bart, FCPA, Ex­ec­u­tive Chair­man of CGTI, will chair the CloD Ad­vi­sory Board All in­di­vid­u­als who join the In­sti­tute will be en­ti­tled to use the post nom­i­nal “M.CloD” after their name thereby sig­ni­fy­ing their com­mit­ment to good gov­er­nance as mem­bers of the In­sti­tute.

The fac­ulty of the In­sti­tute’s ed­u­ca­tional arm, CGTI, al­ready in­clude spe­cial­ists from the cor­po­rate, le­gal, and aca­demic sec­tors. Sub­jects cov­ered in the var­i­ous pro­grammes in­clude strat­egy, CEO suc­ces­sion and com­pen­sa­tion, Board mem­ber se­lec­tion, com­pli­ance, li­a­bil­ity, ethics, au­dit­ing and in­temal con­trol, and or­ga­ni­za­tional be­hav­iour. CGTI is the first or­ga­ni­za­tion in the Caribbean to have launched the in­ter­na­tion­ally rec­og­nized Char­tered Di­rec­tor Pro­gramme, which started in Jan­uary 2014.

For more in­for­ma­tion, please visit the CIOD web­site or con­tact the CGTI of­fice at 758451-2500 or email lisa@caribbean­gover­nance­train­

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