The Bucharest Stock Exchange (BVB) and Envisia – Boards of Elite have launched an educational partnership dedicated to players in the capital market: “Corporate governance that creates value”. The program is designed to boost the competitiveness of boards, promote good business practices and develop the skills and abilities needed by board members, thus contributing to building a strong corporate governance culture. The educational initiative is dedicated to all actors in the capital market, companies listed on the stock exchange, companies underway or interested in this process, intermediaries and authorities.
The launch took place through a high-level conference attended by top representatives of the political-administrative sphere and the private sector, among the speakers being Mrs. Anca Dragu, President of the Romanian Senate, Mr. Alexandru Nazare, Minister of Finance, Mrs. Teodora Priestess, General Director of Programming and System Coordination within the Ministry of European Investments and Projects, as well as representatives of the Financial Supervisory Authority (FSA) and of the representative professional associations. Gabriela Hărțescu, dean of Envisia, and Andrew Kakabadse, Chairman of the Board of Directors of Envisia, detailed during the event the concept of the program that will be launched this fall.
“Applying the principles of good governance, as simple and intuitive as possible in the interconnected world in which we live, can generate trust between business partners,” said Radu Hanga, President of the Bucharest Stock Exchange. “The partnership with Envisia and the educational program it involves support, in a practical way, this vision of ours on the importance of corporate governance for all capital market actors and strengthens our position in the education segment, one of the pillars of our development strategy”, he added.
The project brings to the Romanian capital market “excellence in education derived from the joint research of Envisia and Henley Business School”, said Carmen Micu, CEO and founding member of Envisia. In her opinion, the years 2020-2021 mark accelerated changes in global governance, and “Romania is positioning itself ambitiously, regionally and globally, through professional development, to be able to capitalize on the opportunities that arise, but also to avoid emerging risks, including industrial transitions”.
The need to develop a set of competencies specific to board members, as well as the associated benefits, are addressed in the BVB-Envisia partnership from several perspectives, with an emphasis on applicability in the real economy.
The representatives of the listed companies, but also of other entities active in the capital market, will be able to participate starting with October 13, 2021, in the practical courses specially prepared by the Envisia – Boards of Elite team within this partnership. The training sessions will address topics such as the role and responsibilities of boards and members on boards, the legal and institutional aspects of governance, the role of audit, risk, nomination and remuneration committees, and other strategic topics.
“A strategically thought-out board of directors, based on the diverse expertise and a broad professional horizon, will consolidate a direction of success already assumed or will indicate new directions of growth, precisely because it is designed to maximize opportunities,” added Adriana Lobdă, founding member of Envisia. “We aim to provide the local ambition with sources of global development for boards of directors, a know-how that is indispensable today.”
Envisia Boards of Elite is the first business school in Romania designed to train board members, offering state-of-the-art education dedicated to presidents, independent directors, non-executive directors, C-Suite level and high quality professionals, through prestigious local and international partnerships.
