SOE board members participate in course

A FIVE-DAY course last week provided a comprehensive director development programme for board members of all nine State-owned enterprises (SOEs).
The course was organised by Kumul Consolidated Holdings (KCH), in collaboration with the Australia Institute of Company Directors (AICD) and PNG Institute of Directors (PNGID).
The international company directors’ course last week provided delegates with a comprehensive programme of learning across board elements including corporate governance, financial literacy, risk, strategy, the international legal environment, duties and responsibilities of boards in the international context.
KCH says in this diverse environment, with a need to deliver competent, reliable, affordable services, while ensuring SOEs strive toward a return on investment to the state, it was vital to ensure directors have a thorough understanding of all relevant factors affecting the performance of these companies and their core duties.
KCH managing director Darren Young said all SOE directors needed to have the qualifications and experience to provide governance and direction for SOEs.