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European Institute of Management and Finance

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Directors' Development Programme for Regulated Financial Entities

Directors' Development Programme for Regulated Financial Entities

Dates

  • October 2026
      to   (5 sessions)
    Delivered Online
    €480 - €900
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Highlights

  • Live Online

  • 21 CPD Units | 21 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

Effective Directors and Board members need to be the driving force that will lead to the success of their organisation. Whether you are a newly appointed Director, seeking to join the Board, or merely wanting to consider the impact of your role and enhance your leadership skills, the EIMF’s Directors Development Programme will equip you with the core skills and awareness to function effectively as a Director and/or Board member.

Attending this programme will provide Directors with a wealth of knowledge and insight into the three most essential areas for any Director – corporate governance, board strategy, and leadership. In this course, you will attain:

  • A comprehensive review of Corporate Governance theory

  • An in-depth view of the role, responsibilities and legal duties of a director including the knowledge and skills relevant to exercising the duties and responsibilities of a Board director in Cyprus

  • An understanding of the characteristics of an effective board, including ethical and professional conduct standards

  • The techniques and ways of thinking that will build confidence, so as to become an even more effective leader and more able to deal with the everyday responsibility, accountability and pressure that a Director faces

Training Objectives

  • To understand the legal and regulatory environment in which the Board of Directors must function

  • To understand the roles and responsibilities of a Director

  • To pinpoint the key areas of a directors’ mandate which require on-going attention

  • To learn the key critical success factors for an effective Board

  • Overview of the Internal Audit Report from the perspective of the board

  • Overview of the ICAAP Report / Risk Management Report from the perspective of the board

  • Overview of the Compliance Report from the perspective of the board

  • Overview of the Anti Money Laundering Report from the perspective of the board

  • Overview of the Financial Statements from the perspective of the board

  • Ethical Leadership from the perspective of the board

Training Outline

  • Defining Corporate Governance

  • The Importance of History & Culture (Context)

  • The Two Agendas: Agency Theory v Stakeholder Theory

  • Resource Theory: Boards Adding Value

  • The Layers of Corporate Governance

  • The DNA of Good Governance

  • Four Board Types

  • Four Perspectives of the Board

  • Issues Between the Main Players in Corporate Governance

  • Case Study Intro: Video (45 minutes)

  • Governance Lessons Learned from the Past

  • Role Clarity of a Board

  • Board Composition & Structure

  • Chair Effectiveness

  • Effective Board Meetings & Processes

  • Knowledge of Industry & Organisation

  • Board Relationships

  • Board Evaluation & Development

  • Regulatory Reporting & The Board:

- The Internal Audit Report

- The Risk Management Report

- The ICAAP Report

- The Compliance Report

- The AMLCO Report

- The Annual Financial Statements

  • Ethical Leadership & The Board

  • Change Leadership & The Board

Who Should Attend

  • Directors

  • Non-executive Board Directors

  • Independent Board Directors

  • Secretaries to the Board of Directors

  • Chief Compliance Officers

  • Chief Executive Officers

  • Risk Managers

  • Internal Auditors

  • General Managers and other Senior Managers

Training Style

Using a discursive approach to sharing key information, critical theory illustrated with practical experience will be conveyed to participants to be reinforced by mutual sharing and learning. After building a solid foundation of understanding, participants are walked through best practice and technique to ensure Board effectiveness, using a real-life Case Study to ensure a real life understanding of the issues.

CPD Recognition

This programme may be approved for up to 21 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

    Read moreShow less

    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."

Frequently Asked Questions

  • When will I receive my invoice?

    The invoice is issued on the day the course starts.

  • What payment methods are accepted?

    Payments can be made by bank transfer, cheque, or credit card.

  • When will my certificate be issued?

    Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.

  • How can I access my certificate?

    Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.

    Click the Get Your Certificate button in the email to download your certificate.

    You can also access it from your Cademy account:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Participants, click the three dots located next to your name. 
    6. Select Get Certificate.
  • Where can I access the course material?

    To access the course materials, such as presentations and recordings:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Extra Details, you will find all the available course materials.
  • What is the HRDA?

    The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.

  • Who is eligible for the HRDA subsidy?

    The HRDA subsidy is available to:

    • Companies registered in Cyprus that are applying for their employees.
    • Unemployed individuals who meet the eligibility requirements (see the FAQ below for required documents).
    • Self-employed individuals registered as self-employed in their ERMIS profile.

    To receive the subsidy, eligible persons must attend at least 75% of the course. 

  • What is ERMIS?

    ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/

  • What is the process for attending an HRDA-approved course?

    To attend an HRDA-approved course, you must:

    1. Register for the course through the EIMF website.
    2. Create the necessary ERMIS profile(s).
    3. Register for the course through ERMIS.
    4. Complete any additional HRDA requirements if you are applying for the subsidy as an unemployed or self-employed individual.
    5. Log onto ERMIS and check in through the relevant attendance register when you join the course session and check out when you leave each course session.

    See the FAQs below for detailed instructions.

  • Is an ERMIS profile required?

    Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.

    • Companies applying for the HRDA subsidy for their employees:
    1. The company must have an ERMIS profile as a Legal Entity.
    2. The company must have their Employer role approved on the ERMIS system.
    3. Each participating employee, as well as a company authorised person and the company’s director, must have an ERMIS profile as a Natural Person
    4. The employees' and representatives’ profiles must be linked to the company's ERMIS profile.
    • All Individuals: 
    1. Must have an ERMIS profile as a Natural Person.

    You can create or access your ERMIS profile here: https://ermis.anad.org.cy/

  • How do I register for an HRDA-approved course through ERMIS?

    After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.

    • If you are registering as an individual:

    You must register through your personal ERMIS profile.

    • If a company is applying for the HRDA subsidy for its employees:
    1. Registration must be completed through the company’s ERMIS profile.
    2. The company profile used for registration must match the payroll company where each participant is employed.

    For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.

    Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.

  • What documents do unemployed individuals need to apply for the HRDA subsidy?

    When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:

    1. A referral for participation in HRDA Multicompany courses (Παραπεμπτικό για Πολυεπιχειρησιακά Προγράμματα της ΑνΑΔ).
    2. An ES19 form confirming that you were unemployed from at least the course start date.
  • What do self-employed individuals need to do to apply for the HRDA subsidy?

    You must update your ERMIS profile:

    1. Log in to your ERMIS profile and select the Self-employed role from the available roles.
    2. Complete and submit the request.
    3. Once your request has been approved, you can register for courses and apply for the HRDA subsidy as a self-employed individual.

    When submitting your request, you must upload one of the following:

    1. A confirmation letter from the Social Insurance Services confirming acceptance of your registration as a self-employed person.
    2. A Confirmation letter from the Social Insurance Services confirming your self-employed status.
    3. Proof of payment of Social Insurance contributions for the most recent quarter (available through SISnet). 
  • Is the check-in and check-out process in ERMIS mandatory?

    Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.

    To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.