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Cambodian Institute of Directors
The Cambodian Institute of Directors will be formally launched in January 2024 to provide a framework for standards and accreditation for corporate governance in Cambodia.
Courses offered include the Certified Director, with Examination and Accreditation and Online workshops offering a range of subjects relevant to business leaders (online, with no certification).
CIoD members will be able to access other professional development and networking opportunities.
Why Create an Institute of Directors in Cambodia?
While the general roles and responsibilities of company boards are well founded, the expectations on boards have evolved significantly due to changes in corporate and the regulatory landscape in Cambodia.
There are now increasing requirements for greater board accountability on a wider range of issues driven in part by increased legislation and also societal expectations.
As well as their commercial and legal duties, boards are responsible for providing professional leadership and championing good governance and ethical practices throughout their companies.
The Executive Committee of the Institute Working Group is in communications with the Royal Government of Cambodia, meeting with the Securities and Exchange Regulator of Cambodia (SERC) and the Ministry of Commerce, seeking guidance and endorsement for the CIoD.
SERC has provisionally agreed to give their endorsement to the CIoD.
Promote excellence, enterprise, and integrity at the highest levels of skills and competence for board level business directors and equivalent office holders in Cambodia
Encourage a professional and entrepreneurial business community and economy in the Kingdom
Advocate for professional practices relating to business governance, including providing accredited courses and the publication of materials
Represent the interests of its members to the RGC, regulatory bodies and other agencies with respect to policy and legislative developments that affects members’ interests, governance matters and rights and obligations of directors
Provide a platform for the sharing of best practices and good governance, through conferences, media, networking and meetings
These are the CIoD’s guiding principles that govern our conduct and our relationship with our members, in the wider business community, the region and internationally:
Creating Corporate Leadership and Governance in Cambodia that is:
Competent to International Corporate Business Standards
Informed and Implementing Environmental and Social Standards of Governance
Relevant to the Business Context in Cambodia
Accountable, Fiscally Responsible and Transparent