A three-day training focused on corporate governance, corporate culture and risk management helped equip participants to enable their business to implement good corporate governance practices and enterprise risk management.
Facilitated by Ergonosys FZCO based in Dubai, UAE, 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.
Ergonosys FZCO, Dubai, UAE 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 properly 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 Holiday Inn, Suva from Tuesday to Thursday, 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 program was facilitated by Jay Chander, a Fellow Chartered Accountant and a highly experienced risk practitioner with 40 years of professional and practical experience.
Participants were from Biosecurity Authority of Fiji, Chuuk Public Utility Corporation, Digital Pacific Group, Energy Fiji Ltd, Fiji Airways, Fiji Revenue and Customs Service, Fiji International Telecommunications, Land Transport Authority, South Pacific Stock Exchange and Kiribati Oil Company.
“There were 25 participants in total with six from Micronesia, three from Kiribati and the rest from Fiji; and the response from the participants had been great. They tell me there’s never been this kind of training in Fiji before,” said Mr Chander.
Mr Chander said the participants had been extremely engaged in corporate governance and risk issues that they faced here in Fiji and around the region.
Ergonosys Fzco, an international company that facilitates business and corporate training worldwide, is represented here by Mr Basha who was here on behalf of group managing director Sonu Sultania.
