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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 have more responsibilities.
There is a simple problem: You
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.
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) means that you always try to learn more and to make
informed decisions.
Our International Association provides
networking, training, certification, alerts and updates you can use.
Basic Membership is Free.
We are excited to announce the addition of our new annual
Premium Membership
category with enhanced membership benefits.
New members have the option of selecting either the Premium Membership
for a low annual fee of $97, or the free Standard Membership.
To learn more you may visit:
www.members-of-the-board-association.com/Premium_Members.html
Best Regards,
George Lekatis
President of the International Association of
Potential, New and Sitting Members of the Board of Directors (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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Top 10 risk and
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www.members-of-the-board-association.com/MemberBenefits.html
Join the International Association of Potential, New and Sitting
Members of the Board of Directors (IAMBD).
www.members-of-the-board-association.com/HowToBecomeMember.html
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www.members-of-the-board-association.com/Reading_Room.htm
Download Our Brochure about our designation: Certified Member of
the Board of Directors (CMBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Board_of_Directors.pdf
Download Our Brochure about our designation: Certified Member of
the Risk Committee of the Board of Directors (CMRBD)
www.members-of-the-board-association.com/Certified_Member_of_the_Risk_Committee_of_the_Board_of_Directors.pdf
Certified Member of the Board of Directors (CMBD)
www.members-of-the-board-association.com/Distance_Learning_and_Certification.htm
Certified Member of the Risk Committee of the Board of Directors
(CMRBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Risk_Committee_of_the_Board.htm
Certified Member of the Corporate
Sustainability Committee of the Board of Directors (CMCSCBD)
www.members-of-the-board-association.com/Distance_Learning_for_the_Sustainability_Committee_of_the_Board.htm
Become a Member and Receive the New Member Orientation
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Understand the Role, the Challenges and the
Opportunities
With the new member orientation
newsletters you will have the opportunity to
learn what members registered before you have already learned.
Understand better the role, the challenges and the opportunities
of the member of the board of directors, especially in risk and
compliance management.
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