OBJECTIVE  5:  PROVIDE  FOR  ACCOUNTABILITY  OF  CORPORATIONS,  DIRECTORS  AND  OFFICERS     5.31   NON-­‐COMPLIANCE  WITH  REQUIREMENTS  ON  COMPANIES  TO  SUBMIT  TIMELY  AND     ACCURATE  DISCLOSURE  OF  CORPORATE  INFORMATION   5.31.1   Reorganise  and  Resource  RGD  to  Ensure  Compliance  with  the  Companies  Code   The   company   inspectors   employed   will   visit   the   premises   of   businesses   to   ensure   compliance   with  the  Companies  Code.   5.32   TRAINING  OF  DIRECTORS  OF  COMPANIES   5.32.1   Institute  Orientation  and  Systematic  Annual  Training  Programmes  for  Board  Members   The  IoD  organizes  customized  training  programmes  for  directors  of  all  companies  to  underscore   the  importance  of  good  corporate  governance.  The  training  programmes  offered  are  based  on   practical  experience  of  corporate  governance  issues.   The  Institute  believes  that  training  of  directors  should  be  mandatory  as  directors  are  in  charge   of  legal  entities  that  if  mismanaged  can  affect  the  well-­‐being  of  several  people.  For  the  benefit   of   stakeholders,   corporate   directors   need   training   to   ensure   that   they   are   equipped   to   successfully  run  companies.   IoD   noted   that   some   job   advertisements   for   senior   management   positions   in   the   United   Kingdom  require  applicants  to  have  IoD  certificates.  This  ensures  that  all  those  wanting  to  apply   have   undergone   some   training   in   how   to   manage   companies.   However,   the   Institute   pointed   out  that  such  certificate  should  not  be  used  as  a  carte  blanche  in  getting  appointed  to  manage  a   company   but   applicants   should   qualify   for   the   job   first.   The   qualified   applicant   can   later   undergo  training.   127    

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