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Compliance Training for Financial Institutions in Palau: A Must-Have for Effective Governance

The Republic of Palau, a small island nation in the Pacific, has seen significant growth in its financial sector over the years. To ensure that this growth is sustainable and responsible, it is essential to have effective compliance training in place for financial institutions operating in the country.

Course Objectives

This 5-day training program aims to provide participants with a deep understanding of corporate governance, risk management, internal audit, and compliance. By the end of this course, participants will be able to:

  • Improve alignment to mission, vision, and values of their organization
  • Align risk and compliance in the context of their organization
  • Handle professionally the relationship between Risk Management, Internal Audit, and Compliance
  • Link Corporate Governance to organizational risk considerations, international frameworks, and standards

Course Content

The course will cover various topics, including:

  • Definition, concept, rules, principles, and added value of corporate governance
  • Barriers and obstacles that prevent full implementation of corporate governance
  • Role of the board of directors and audit committee in governance
  • Risk management, compliance, and internal audit triangle and its importance
  • Risk-based internal auditing approach and methodology
  • Risk-based compliance approach and definition

Who Should Attend

This training course is suitable for a wide range of professionals in Palau’s financial institutions, including:

  • Directors and aspiring directors
  • Board secretaries and board consultants
  • Officers involved in the process of corporate governance
  • C-suite executives (CIO, CTO, CFO, CMO, CHRO, etc.)
  • Officers-in-charge of risk management, compliance, and internal audit functions

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

In Association With

This training program is in collaboration with Oxford Management Centre, providing participants with access to world-class training and resources.