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The Role of the Modern Director: Governance, Law & Regulatory Frameworks

The Role of the Modern Director: Governance, Law & Regulatory Frameworks

By European Institute of Management and Finance

  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Dates

  • December 2026
      to   (2 sessions)
    Delivered Online
    €145 - €280
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Highlights

  • Live Online

  • 6.75 CPD Units | 6.75 Hours

  • HRDA Subsidised

The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

Course Overview

This programme equips current and aspiring directors, board chairs and senior executives with a comprehensive understanding of modern corporate governance principles, legal duties and regulatory frameworks applicable within Cyprus and the European Union. Participants will develop a solid understanding of the role and responsibilities of directors, fiduciary obligations, governance structures and board oversight responsibilities. The programme examines the distinction between governance and management, the legal duties of directors under Cypriot Company Law, regulatory expectations, governance codes and board committee structures. Through practical examples, facilitated discussion and case studies, participants will strengthen their ability to exercise sound judgement, promote ethical leadership, enhance board effectiveness and contribute to the sustainable success of their organisations while meeting regulatory and governance expectations.

Training Objectives

  • By the end of the programme, participants will be able to:

  • Describe the fundamental principles and objectives of modern corporate governance.

  • Explain the legal, statutory and fiduciary duties of directors under Cypriot Company Law and relevant European governance frameworks.

  • Distinguish clearly between the strategic role of the Board and the operational responsibilities of Management.

  • Explain the structure, purpose and responsibilities of Boards and Board Committees.

  • Recognise the principal governance codes, regulatory frameworks and best practice standards applicable within Cyprus.

  • Analyse governance situations and identify appropriate Board oversight responses.

  • Apply ethical principles, accountability and sound judgement when making Board decisions.

  • Promote good governance practices that strengthen organisational performance, transparency and stakeholder confidence.

Training Outline

Introduction

  • Introduction of trainer and participants

  • Programme objectives

  • Programme structure

  • Icebreaker exercise: The Role of a Modern Director

Evolution and Purpose of Corporate Governance

  • Evolution of corporate governance

  • Corporate governance in Cyprus and the European Union

  • Accountability, transparency and stakeholder confidence

  • Governance and organisational sustainability

Role of the Board versus Management

  • Strategic oversight versus operational management

  • Board accountability

  • Delegation of authority

  • Practical case study

Legal Duties of Directors under Cypriot Company Law

  • Directors' statutory duties

  • Fiduciary duties

  • Duty of care

  • Directors' liabilities

  • Conflicts of interest

  • Disclosure requirements

Regulatory Framework and Fit & Proper Requirements

  • Overview of CySEC

  • Central Bank of Cyprus governance expectations

  • Fit and Proper requirements

  • Ongoing suitability requirements

  • Governance obligations for regulated firms

Governance Codes and Best Practice Frameworks

  • Cyprus Corporate Governance Code

  • EBA/CySEC Governance Guidelines

  • Central Bank Governance Directives

  • ISO/OECD Principles of Corporate Governance

  • Mandatory versus voluntary governance frameworks

Board and Committee Structures

  • Executive, Non-Executive and Independent Directors

  • Audit Committee

  • Risk Committee

  • Nomination Committee

  • Remuneration Committee

  • Governance challenges within group structures

Case Studies and Reflection

  • Governance failure case study

  • Lessons learned

  • Group discussion

  • Reflection on Board effectiveness

Wrap-Up and Evaluation

  • Summary of key learning points

  • Participant reflections

  • Course evaluation

  • Closing discussion

Who Should Attend

This programme is suitable for:

  • Executive Directors

  • Non-Executive Directors

  • Board Chairs

  • Board Committee Members

  • Senior Executives preparing for Board appointments

  • Company Secretaries

  • Corporate Governance Professionals

  • Legal and Compliance Professionals

  • Regulators and Policy Makers

  • Professionals advising Boards and Governing Bodies

Training Style

The programme combines interactive presentations, facilitated discussions, practical examples, governance case studies and group exercises to encourage active participation and knowledge transfer. Participants apply governance principles to realistic Board scenarios, enabling immediate application of learning within their organisations.

CPD Recognition

This programme may be approved for up to 6.75 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customised to meet any specific needs and delivered in-house.

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Facilitators

  • Petros Florides

    Petros Florides

    Petros Florides has over 25 years of financial services experience in the areas of private banking, fund management, stockbroking, private equity, proprietary trading and microfinance. He is an Honours graduate in Accountancy and holds a number of professional qualifications, including: Chartered Director; Chartered Management Accountant; Chartered Fellow of the Chartered Institute for Securities & Investments ('CISI'); Certified Member and holder of the Governance Specialist Qualification of the Institute for Risk Management. He is currently employed by World Vision International as Senior Director of Global Governance for the regions of Europe, Middle East, Asia and Australasia. Petros has published numerous articles on governance and related areas, and was the lead author of the Code for Public Sector Governance which, after five years of public consultation, was approved by the Cyprus Council of Ministers in July 2019. Petros also serves as a Non-Executive Director - either as Char of the Board or Audit Committee - of companies within the industries of financial services, fintech and digital solutions. He has also served on the CISI Board of Trustees (UK) since June 2019, and is Co-Founder and Past-President of the CISI Cyprus National Advisory Council. Petros successfully completed: the Certified Sustainability (ESG) Practitioner Advanced Program (approved by the Chartered Management Institute) in 2021; and, the PRI Academy courses in Applied Responsible Investment and Responsible Investment for Trustees. In addition, Petros has represented the Cyprus Institute of Directors on various fora of the European Community Directors Association (‘ecoDa’). Petros is accredited in two different methods of psychometric testing that he uses to integrate an understanding of human behaviour in his teaching of professional and bespoke executive courses in the areas of governance, risk, leadership, sustainability and ethics through CISI Accredited Training Providers and other prestigious institutions. He is also a regular speaker and panelist at public events on the same subjects. Petros is also a founding member of the Advisory Council for the Centre for Good Governance."