Public Advisory from the Institute of Corporate Directors Philippines.
In light of the COVID-19 situation, ICD is now going global and digital.
ICD now offers interactive online courses and webinars, which you may join in the safety and comfort of your homes.
ICD also offers in-house or exclusive online trainings designed for your company's needs.
Learn from our seasoned experts, participate in the discussion, and interact with your co-attendees online! Invest now in your professional development.
Check out our Online Courses and Webinars page for more information.
All on-site trainings and events are currently put on hold until further notice.
For inquiries and for more details, email us at communications@icd.ph
Finance for Directors
Participation in this course meets the recommended best practice for continuing directors education prescribed in the Revised Corporation Code of the Securities and Exchange Commission (SEC).
ICD is a Civil Service Commission (CSC) Accredited Learning and Development Institution.
Financial competence is vital to corporate success. As such, Philippine regulatory agencies (SEC, BSP, PSE, and DOF) have all required financial literacy for board directors of publicly-listed companies and financial institutions.
The Department of Finance in DOF 054-2015 states “Directors must be fit and proper for the position of a director of the covered entity, taking into account the following factors: integrity/probity, competence, relevant education/training (e.g. financial literacy), physical and mental fitness, diligence and knowledge/experience.”
ICD’s Finance for Directors is a one-day course of Finance and Accounting basics which provides directors and senior executives the ability to quickly interpret and assess a company’s financial condition – a skill that helps drive board decisions.
WHO SHOULD ATTEND
Directors, senior executives, and managers from private, public, and not-for-profit organizations who want to gain basic working knowledge on finance – in compliance with the Fit and Proper rule of the Department of Finance for Insurance and Public companies issued in April 2015.
OBJECTIVES
Upon completion of the program, participants will be able to:
Appreciate the importance of
knowing how to read and analyze financial statements
Appreciate the importance of
maintaining the accuracy and integrity
of an organization’s accounts
Ensure that financial statements accurately reflect the organization’s financial position
Understand the board’s role in financial stewardship, oversight, internal control, and the accounting function