Welcome to the International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD)

Dear Potential, New or Sitting Member of the Board of Directors,

You have the duty to prudently represent the interests of the shareholders. You have to understand the needs and desires of employees, customers and regulators. You have to do your best to understand the risks in your organization, and to exercise oversight. Year after year, you have to do more, and you accept more responsibilities.

There is a simple problem: You can make mistakes. Although it is impossible to avoid making wrong decisions, you can avoid the negative consequences, like liability, litigation damages and expenses. Yes, perhaps you are covered by a comprehensive liability insurance policy. It is good to remember that you face risks greater than insurance coverage alone can address.

You must fulfill two essential duties while performing your corporate functions:

1. Duty of diligence: You must act in good faith and do what a reasonably prudent person in a comparable position would do under similar circumstances. Before making decisions, you must consider all material information reasonably available to you. You must learn, and you must be able to provide evidence that you had the necessary knowledge to make informed decisions.

2. Duty of loyalty: You must not misuse your position of trust for your private interests. To make a long story short, you must make informed business decisions in good faith.

Every company must insist on a thorough orientation for new directors and an ongoing education program. Directors should be well informed about the company’s regulatory environment, compliance challenges and obligations. They must be fit and proper. As the legal and regulatory environment is constantly changing, the need for education is continual.

Our Mission: To help you make informed business decisions in good faith. Membership in the International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD) indicates that you stay current. Our international association offers standard, premium and lifetime membership, networking, training, certification, a monthly newsletter with alerts and updates and services you can use.

The International Association of Potential, New and Sitting Members of the Board of Directors (IAMBD) develops and maintains three certification programs and many specialized tailor-made training programs for directors (including Basel III and the Board, Solvency II and the Board etc.). Subject matter experts review and update this body of knowledge.

For instructor-led training, you may contact Lyn Spooner at lyn@members-of-the-board-association.com explaining what you need, and we will contact you as soon as possible.

 

Best Regards,

George Lekatis
President of the IAMBD
General Manager, Compliance LLC
1200 G Street NW Suite 800
Washington DC 20005, USA
Tel: (202) 449-9750
Email: lekatis@members-of-the-board-association.com
Web: www.members-of-the-board-association.com
HQ: 1220 N. Market Street Suite 804
Wilmington DE 19801, USA
Tel: (302) 342-8828


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Distance Learning and Online Certification Programs for Potential, New and Sitting Members of the Board of Directors

A. Certified Member of the Board of Directors (CMBD)
B. Certified Member of the Risk Committee of the Board of Directors (CMRBD)
C. Certified Member of the Corporate Sustainability Committee of the Board of Directors (CMCSCBD)

To learn more
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm