MCI Board Essential Course

This training will provide to the board of a Micro Credit Institution (MCI), an introductory training in the areas of Corporate Governance, Compliance, and Data Protection as it relates to MCIs.

MCI Board Essential Course

This training will provide to the board of a Micro Credit Institution (MCI), an introductory training in the areas of Corporate Governance, Compliance, and Data Protection as it relates to MCIs.
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About the Program

The MCI Board Essential Training Course will cover three (3) main topics; Corporate Governance, Compliance, and Data Protection. Training will be conducted via live classes, recorded webinars, provision of training videos, and ongoing assessments.

The content of each topic is as follows:

Topics Contents Target Audience
Corporate Governance
  • What is Corporate Governance?
  • Beneficial Ownership of a Company
  • Skills that a Board Needs
  • Choosing Your Board
  • Structure of the Board
  • Roles & Responsibilities of Directors
  • Components of Governance
  • Understanding Company Risk
  • Rules and Regulations governing the Company's Operations
  • Understanding how to conduct Board Meetings
Board of Directors
Compliance
  • An Introduction to Anti-Money Laundering (AML)
  • An Overview of the Proceeds of Crime Act (POCA)
  • An Introduction to Counter Terrorism Financing (CFT)
  • Fit and Proper Requirements
  • Overview of Know Your Customer (KYC) Requirements
  • Introduction to Placement, Layering and Integration
  • Company Controls
  • Reporting Requirements Overview
Board of Directors
Data Protection
  • How the Data Protection Act Impacts MCIs
  • The 8 Principles of Data Protection
  • What is Data Processing
  • Roles and Responsibilities of the Information Commissioner
  • Responsibilities of the Data Protection Officer
  • Reporting Requirements
  • Data Protection Policies and Procedures
  • Customer Protection
Board of Directors

Requirements

The following are prerequisites for the MCI Board Essential Training Course:

  • Must be a registered MCI with an approved license to operate issued by the competent authority.
  • Must be a member of the Board of Directors of a licensed MCI.

Program Manager

Kavion Grant

School

CIMB - JAMFIN Business Clinic

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Additional Details

Language: English
Level: Beginner
Skills: Strong Corporate Governance Practices, Financial Institutions, Develop and Implement Strong Control Procedures, Measures to Combat Money Laundering, Data Protection Laws, Customer Protection
Age groups: 18+ years

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