Qualifications for Cayman directors established

The Cayman Islands Directors Association has joint ventured with the Institute of Chartered Secretaries and Administrators in Canada to offer members of CIDA the opportunity to take a course and examinations leading to a qualification in corporate governance, strategy, finance and enterprise risk management, which will entitle successful candidates to the Accredited Director designation.
 
Last week 25 members of CIDA sat the exams at the Ritz Carlton. This was the maximum permitted at any one course out of a present membership of 150. The course comprises approximately 400 pages of pre reading materials followed by intensive interactive presentations by lecturers from Canada and the Cayman Islands.
 

Paul Harris, president of CIDA, said he was delighted that CIDA had been considered by ICSA as a joint venture partner since, with 36,000 members in 70 countries, the Chartered Institute of Secretaries is recognised as the world’s leading authority on corporate governance working alongside governments to promote best practice in corporate governance and business management.
 
Mr Harris also said he was glad that CIDA had been given the opportunity to demonstrate that professionals in the Cayman Islands were serious about their responsibilities in the corporate governance arena.
 
The course comprises four modules; corporate governance, finance, enterprise risk management and strategy and applies to all businesses including hedge funds. Corporate governance and enterprise risk management was presented by past President of the Institute of Chartered Secretaries in Canada Janis Riven. Janis is based in Montreal and in addition to her consultancy practice she is currently a Lecturer at the John Molson School of Business, Concordia University, where she teaches Corporate Governance. Strategy was presented by Duncan Cameron, also a full-time faculty member of the John Molson School of Business, at Concordia University.
 
Prior to joining the faculty he served as group vice president of a Canadian chartered bank, and as a director of a number of companies and non-profit organisations. Finance was presented by Tim Derksen and other representatives from Deloitte in the Cayman Islands.

For more information:
 
Paul Harris
Cayman Islands Directors Association

T. +1 (345) 916 2445
E. pharris@ims.ky
W. www.cida2008.com

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