Vanuatu hosts third successful Corporate Governance and Risk Management Training
December 1, 2024 9:53 pm | Posted in Business News | Share now TwitterFacebook
A diverse group of participants from the National Bank of Vanuatu, Vanuatu National Provident Fund, Central Pacific Producers Ltd in Kiribati, and the Vanuatu Tourism Office recently undertook a comprehensive training session on Corporate Governance, Corporate Culture, and Risk Management.
This event marks the second iteration of the three-day training programme, following its successful debut in 2023 and early 2024.
The training focused on corporate governance, corporate culture, and risk management. It aimed to help equip participants facilitated the adoption of sound corporate governance practices and implement Enterprise Risk Management (ERM) within their businesses.
Facilitated by BTraining Consulting based in Bengaluru, India, the training included discussions aimed at understanding that these three components were dynamic value-based forces that helped build an environment of trust, transparency and accountability that is critical for fostering long-term investment, financial stability, and business integrity.
BTrained Consulting Regional Director Arif Basha said all activities in an organisation and all business decisions involved risk and in fact every activity an organisation engaged in – every decision it made or failed to make – carried an element of risk.
Mr. Basha said all managers had a responsibility to professionally manage the risks in their business and this program gave them the tools and knowledge to identify, analyse, evaluate, manage, and report on these risks.
According to Mr. Basha it also showed them how corporate governance works and how they could involve themselves in the corporate governance process.
Held at the Le Lagon Hotel, Port Vila, the comprehensive, practical, and interactive program included several case studies, activities, tools, and templates and covered the disciplines of corporate governance, corporate culture and ERM.
The programme was facilitated by Jay Chander, a Fellow Chartered Accountant, and a highly experienced risk practitioner with 40 years of professional and practical experience.
“There were 23 participants in total. They tell me there has never been this kind of training in Vanuatu before,” said Mr. Chander.
BTrained Consulting is an international company that facilitates business and corporate training worldwide, is represented in Vanuatu by Mr. Basha who was here on behalf of Group Managing Director, Shaik Soniya.
