CGTI Hosts 4th Hot Topics Con­fer­ence with Au­dit Com­mit­tee Cer­ti­fi­ca­tion

The Star (St. Lucia) - - BUSINESS -

Af­ter only three years, the Saint Lu­cia-based Caribbean Gover­nance Train­ing In­sti­tute (CGTI) is emerg­ing as the pre­mier gover­nance train­ing provider in the re­gion, ev­i­denced by the big-name clients that are sign­ing up for their pro­grammes. All mem­bers of the cur­rent Board of the Eastern Caribbean Cen­tral Bank have taken the Char­tered Di­rec­tors (C.Dir) course in the past two years, as have a grow­ing num­ber of ex­ecs at San­dals In­ter­na­tional, in­clud­ing Deputy Chair­man and CEO of the com­pany, Adam Ste­wart.

CGTI's Hot Topics con­fer­ence with au­dit com­mit­tee cer­ti­fi­ca­tion con­tin­ues to spread the mes­sage that sound cor­po­rate gover­nance by a strong, ed­u­cated and ef­fec­tive board is the key to the suc­cess of any or­gan­i­sa­tion, and re­gional busi­nesses are con­tin­u­ing to tak­ing no­tice.

Last year, co-found­ing di­rec­tors Lisa Charles and Dr. Chris Bart, and the es­teemed mem­bers of the CGTI faculty of gover­nance ex­perts, fa­cil­i­tated two sep­a­rate Char­tered Di­rec­tor Pro­grammes for del­e­gates from the San­dals Group of Com­pa­nies in Ja­maica and North Amer­ica, which in­cludes ATL Au­to­mo­tive, Ja­maica Ob­server, San­dals Re­sorts In­ter­na­tional, San­dals Cor­po­rate Uni­ver­sity and Unique Va­ca­tions.

So far in 2017, the CGTI sched­ule has in­cluded re­turn vis­its to An­tigua and St. Kitts, as well as at home in Saint Lu­cia where, in Jan­uary, eighty-five mem­bers of 'se­nior man­age­ment' from gov­ern­ment de­part­ments, in­clud­ing four­teen Cabi­net min­is­ters, fif­teen Per­ma­nent Sec­re­taries and twelve Board Chair­per­sons, came to­gether in an un­prece­dented train­ing ex­er­cise, be­com­ing the world's first gov­ern­ment to be trained and cer­ti­fied as Char­tered Di­rec­tors (C.Dir).

Con­tin­u­ing to prove that board ef­fec­tive­ness is a pri­or­ity for pro­gres­sive or­gan­i­sa­tions in the re­gion, CGTI is set to de­liver its fourth an­nual 'Hot Topics In Cor­po­rate Gover­nance Con­fer­ence' in July. The event will take place on July 10-11 at Coco Palm Re­sort in Rod­ney Bay, Saint Lu­cia. This year's ti­tle is 'The 21st Cen­tury Au­dit Com­mit­tee Con­fer­ence & Cer­ti­fi­ca­tion Pro­gramme: New Chal­lenges, Risks and Best Prac­tices'.

For the first time, CGTI will fo­cus on the skill set re­quired to work and com­mu­ni­cate ef­fec­tively within one of the most im­por­tant gover­nance mech­a­nisms in any or­gan­i­sa­tion, by 'rais­ing the bar of pro­fes­sion­al­ism in Au­dit Com­mit­tees across the Caribbean'.

Ac­cord­ing to CGTI 'Gover­nance Guru' Dr. Chris Bart: "This con­fer­ence is among the most in­no­va­tive and com­pre­hen­sive pro­grammes on Au­dit Com­mit­tee gover­nance avail­able in North Amer­ica, de­liv­ered by top faculty and gover­nance ex­perts. Of­fer­ing a ‘gold stan­dard' di­rec­tor ed­u­ca­tion pro­gramme en­hances ex­ec­u­tive de­ci­sion-mak­ing and adds un­par­al­leled value for Au­dit Com­mit­tees in the Caribbean.

"Del­e­gates will strengthen their knowl­edge of what it means to be­come a more ef­fec­tive Au­dit Com­mit­tee board mem­ber, us­ing mod­ern gover­nance pro­cesses and tools that will trans­port their Au­dit Com­mit­tee be­yond mere com­pli­ance and help it cap­ture op­por­tu­ni­ties that gen­er­ate long-term value for the Board and the or­gan­i­sa­tion."

And if re­cent rec­om­men­da­tions by both World Bank Group and In­ter­na­tional De­vel­op­ment Bank (IDB) to the Latin Amer­ica & Caribbean (LAC) re­gion are any­thing to go by, in to­day's cor­po­rate and po­lit­i­cal re­al­ity, im­prov­ing the qual­ity of gover­nance is key, if not cru­cial, to achiev­ing long-term strate­gic goals.

In an­other first, CGTI is adding the chance for ex­ec­u­tives to be­come cer­ti­fied as Au­dit Com­mit­tee Di­rec­tors at the end of the 4th Hot Topics Con­fer­ence. By writ­ing and pass­ing the two-hour au­dit com­mit­tee cer­ti­fi­ca­tion exam at the con­clu­sion of the con­fer­ence, Au­dit Com­mit­tee Di­rec­tors will earn the pres­ti­gious and highly cov­eted des­ig­na­tion 'Au­dit Com­mit­tee Cer­ti­fied' or ACC.

CGTI's Lisa Charles ex­plains what it means to ob­tain the ACC cer­ti­fi­ca­tion: "It demon­strates your com­mit­ment to good gover­nance and Au­dit Com­mit­tee lit­er­acy. The ini­tials ACC af­ter your name will es­tab­lish that as a mem­ber of your or­gan­i­sa­tion's Au­dit Com­mit­tee, you have achieved the gold stan­dard in 21st cen­tury Au­dit Com­mit­tee learn­ing and best prac­tices. Be­com­ing 'Au­dit Com­mit­tee Cer­ti­fied' shows you have the knowl­edge and skills nec­es­sary for sur­vival and suc­cess in our in­creas­ingly liti­gious and com­plex reg­u­la­tory en­vi­ron­ment."

This one-of-a-kind Caribbean cor­po­rate gover­nance con­fer­ence prom­ises to as­sem­ble Au­dit Com­mit­tee thought-lead­ers and prac­ti­tion­ers to dis­cuss the need for im­proved ac­count­abil­ity through more rel­e­vant boardroom prac­tices, nur­tur­ing key re­la­tion­ships, es­sen­tial boardroom be­hav­iours and cul­ture.

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.