International Association of Potential, New and Sitting Members
of the Board of Directors (IAMBD)
Certified Member of the Board of Directors (CMBD)
Certified Member of the Risk Committee of the Board of Directors (CMRBD)
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Training and Certification for the Board of Directors

After the Sarbanes Oxley Act and the Basel ii / Basel iii Accords, there is a lot of discussion in the corporate world about the new liabilities of the CEOs and the CFOs.

Today we understand that many organizations have underestimated the vital role of he board of directors.

The board has the obligation to understand, to evaluate, to exercise oversight, to review and approve corporate actions.

More than ever, organizations need directors who are aware of the risks and prepared to take on the duties and functions of the boardroom.

After a legal action, the directors have to provide evidence that they have exercised due diligence.

They have to provide evidence that they made informed decisions, that they had learned all material information before making a business decision (there is "good faith" only in case of an informed decision).

For example, the cost of Basel ii, Advanced Approach, often exceeds US$ 200,000,000. This is not a fixed cost.

Financial organizations have several options.

There are always different courses of action.

It is possible to spend the above sum of money, only to learn that your "Advanced Approach" is not so advanced, or that you do not have the corporate governance elements in place.

If the supervisors do not accept your advanced approach, the firm and the shareholders will lose hundreds of millions of dollars.

And, you can prevent that.

Risks to serving directors have risen exponentially after the Dodd Frank Act, the Basel Capital Accords, the Sarbanes Oxley Act, the European Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX), the European Union's Financial Services Action Plan (FSAP) that includes MiFID (Markets in Financial Services Directive, and so many other Acts, Directives and Regulations.

The members of the board have to understand the new environment and the new responsibilities in order to protect their reputation and wealth and their organization.

They have to be aware of the risks and to perform their duties according to the highest principles and implementation practices. But, they can do more:

They can use compliance as a competitive advantage.



 
        
 
Distance Learning and Online Certification Program for Potential, New and Sitting Members of the Board of Directors

A.
Certified Member of the Board of Directors (CMBD)

B. Certified Member of the Risk Committee of the Board of Directors (CMRBD)


C. Certified Member of the Corporate Sustainability Committee of the Board of Directors (CMCSCBD)

To learn more
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm




Join the International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD).
www.members-of-the-board-association.com/HowToBecomeMember.html

Member Benefits
www.members-of-the-board-association.com/MemberBenefits.html

Reading Room
www.members-of-the-board-association.com/Reading_Room.htm

Download Our Brochure about our designation: Certified Member of the Board of Directors (CMBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Board_of_Directors.pdf

Download Our Brochure about our designation: Certified Member of the Risk Committee of the Board of Directors (CMRBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Risk_Committee_of_the_Board_of_Directors.pdf

Certified Member of the Board of Directors (CMBD)
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm

Certified Member of the Risk Committee of the Board of Directors (CMRBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Risk_Committee_of_the_Board.htm

Certified Member of the Corporate Sustainability Committee of the Board of Directors (CMCSCBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Sustainability_Committee_of_the_Board.htm

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www.members-of-the-board-association.com/Privacy.htm



Become a Member and Receive the New Member Orientation Newsletters
Understand the Role, the Challenges and the Opportunities
With the new member orientation newsletters you will have the opportunity to learn what members registered before you have already learned. Understand better the role, the challenges and the opportunities of the member of the board of directors, especially in risk and compliance management.