BY JUNELYN KELLY
The President of the Papua New Guinea Institute of Directors has highlighted the importance of leadership transition and good governance during the opening of the directorship training programme yesterday.
Speaking at the event, Clarence Hood said that under the Institute’s constitution, board members are limited to serving five consecutive terms, after which they must step aside to allow new leadership.
He said this practice promotes accountability and strengthens governance within organisations.
Mr Hood shared his professional background as managing director of the investment promotion authority, an agency responsible for company registration and promoting Papua New Guinea as an investment destination.
He emphasised that the training is conducted in the spirit of strengthening governance and leadership capacity.
The President expressed appreciation for the collaboration with the Solomon Islands Chamber of Commerce and Industry (SICCI) in organising the programme.
He concluded by stressing the importance of good governance, saying it builds strong boards, and strong boards build strong nations.
Over the three days training, participants will cover key topics including governance fundamentals, financial literacy, risk management, and board excellence, tailored to the local context.
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