The financial crises experienced globally in 2008 and 2009 has demonstrated that corporate governance is an essential safety net to protect the interests of the different stakeholder groups. An essential role in this supervisory function is that played by the Board of Directors. The performance of these Boards is therefore a critical aspect of the long term development of more sustainable businesses. In this respect the Business Breakfast Seminar titled ‘Evaluation of Directors Performance and their Role in Corporate Governance’ will be held on the 23rd November 2010 at the Grand Hotel Excelsior. The seminar is held in co-operation with various organizations including MIM collaborating partners AirMalta and BOV and also being supported by:

• The Malta Stock Exchange
• Studio Steven

The MIM has also published a new book, authored by Stephen D’Alessandro, an experienced director and management consultant. This book is titled, Board Performance Evaluation & Corporate Governance Practices - Best Practice Guidelines and Review of the 2009 Annual Reports of the Malta Stock Exchange listed companies. It was inspired by the Board Performance Evaluation report published annually in the UK by the ICSA Chartered Secretaries, with whom the MIM has an excellent rapport.

The presentation to be given by Mr. D’Alessandro will focus on the findings of the research and their relevance to directors seeking to develop a more proactive approach to Board Performance Evaluation and Corporate Governance.

In his presentation, Mr. Simon Osborne will discuss why company boards should be evaluated. Company boards oversee the management of significant businesses with valuable assets. They expect the executive team to deliver shareholder value and to help promote the success of the business. They measure delivery by setting targets and key performance indicators and holding the executive team to account. But how does one measure the success of the board itself in discharging its role and responsibilities?

One important way is for the performance of the board to be evaluated on an annual basis; and, in order to introduce a greater element of objectivity, to use an external evaluator from time to time.

Evaluation of the performance and effectiveness of the board, the main committees of the board and individual directors is essential to improving a company’s performance. A board cannot begin to address its weaknesses unless it knows what they are.  Thus, any company which wants to improve its performance should take board evaluation very seriously.

The evaluation process used by the board should be formal and rigorous so that directors may speak their minds confidentially and without fear of recrimination. Rigorous evaluations provide the opportunity for companies to create a virtuous circle of sustained improvement in board effectiveness, based on regular objective assessment of past performance and the company’s changing needs and circumstances. It introduces a dynamic which companies can use to improve the quality of their corporate governance and secure competitive advantage.

Programme

The Business Breakfast is accredited with 2 hours of structured CPE and qualify for the attainment of Professional Competencies in terms of the MIA CPE Regulations

Date: 23rd November 2010

Venue: Grand Hotel Excelsior.

Language: English

Prices as follows:

MIM  Members: Euro 70

MIA/MUBE/GRTU/MEA/IFSP  Members: Euro 80

Others: Euro 90

UoM/MIM Students Euro 25

Contact Details:
Malta Institute of Management
FRCC Building
Alamein Road
Pembroke PBK 1777

Registration is accepted through online process.

Registration FORM BELOW:

TERMS:

1. No cancellations are accepted for whatever reason
2. The seminar must be paid upon application
3. Applicants may not be allowed to attend the seminar unless full payment is received
   prior to commencement of the seminar
4. Membership Numbers are to be indicated. Failure of such will result in being charged ‘Other’ fee.
5. Kindly indicate whether you want to apply for CPE hours.
6. Dates are subject to change (prior notice given)

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19. Prices: Booking
20. MIM Members: Euro 70 MIA/IFSP/IFS/MIT/Finance Malta Members: Euro 80 Other: Euro 90 Students: Euro 25
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