FIDE

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Background

 

The role of directors in financial institutions has become increasingly challenging in today’s operating environment. Bank Negara Malaysia (BNM) and Perbadanan Insurans Deposit Malaysia (PIDM) recognise that the well-being of an institution depends on leadership at the top. 

Against this backdrop, focus group discussions were held with selected directors of financial institutions to obtain their insights on issues that may affect their effectiveness as members of the Board and areas for further improvement. 

A Steering Committee consisting of members from the industry, Bank Negara Malaysia, Perbadanan Insurans Deposit Malaysia and the International Centre for Leadership in Finance (now renamed as The Iclif Leadership and Governance Centre) was established to provide strategic direction on the development of a high quality programme to meet the demands of the industry. 

The FIDE Programme was designed to take into consideration today’s challenging environment to achieve effective board governance in financial institutions.

 

The FIDE Programme is a unique programme that brings together a team of dynamic international and local faculty to discuss and reflect on current corporate governance issues and their relevance and applicability to the financial institutions.

 

Vision

 
The Financial Institutions Directors' Education Programme aims to enhance boardroom governance within the financial sector and develop world class directors who are advocates of best practices and excellence in corporate governance.
 

Programme Objectives

 

  • Equip directors with the latest developments and regulations in the financial industry, and the ability to recognize and evaluate wide-ranging issues and their impact on risk and corporate strategy.
     
  • Promote more effective board committees, compositions and processes in providing continuous oversight.
     
  • Help the board to embed a strong risk management and compliance culture for the organisation.
     
  • Enhance the board’s effectiveness in deliberations and decision making.
     
  • Promote more effective assessments of directors’ performance.
     
  • Support more effective succession planning for management and the board.
     
  • Assist the board in managing relations with regulators and other stakeholders.