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.
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