Corporation’s management, directors get training

Business

THE Coffee Industry Corporation (CIC) board of directors and management underwent a two-day training on director development in Goroka, Eastern Highlands, this week.
It was conducted by the Papua New Guinea Institute of Directors and facilitated by institute officials Eileen Simet and Taunu Vai.
Simet, the executive officer and board secretary, said the institute had been operating for 18 years and conducted training on director development and leadership for corporate and government organisations six times a year.
Simet said the programme structure reviewed in 2015 was used during the training this week.
“Governance issues affect the overall operation of an organisation,” she said.
“It is vital to fully understand how directors of a board can contribute meaningfully to the development of its plans.”
Simet said 12 topics were covered on governance, roles and responsibilities, financial analysis, structure, policy, strategy and risk management.
CIC board chairman Patrick Komba thanked the management for the training which helped the participants gain more insight into governance issues and improve plans.
“The training put us into perspective as to what is expected of us as directors of the corporation representing the interest of smallholder farmers, our associations, the organisation and industry as a whole,” Komba said.
He said it had helped them to better understand their roles and responsibilities.
Acting chief executive Steven Tumae said the training was timely as the organisation’s strategic development plan was due for review this year.