Papua New Guinea Institute of Directors fellowship awards

Three prominent Papua New Guineans have received fellowship awards from the PNG Institute of Directors.

They are South Pacific Insurance Advisors chief executive officer Henry Kila, Nambawan Super chairman Sir Nagora Bogan and Bank of PNG governor Wilson Kamit.

All three men are distinguished business leaders who are widely respected in the country.

The awards were conferred during the PNGID gala awards dinner last Thursday night at the Crowne Plaza Hotel in Port Moresby.

Mr Kila and Sir Nagora received their awards while Mr Kamit received his in absentia as he was away in Sydney for the PNG mining and petroleum conference.

PNGID is the country’s membership institute for directors.

Its charter is to promote professional directorship and good governance at all board levels in PNG.

Anyone who is a director is strongly encouraged to seek PNGID membership.

Through membership with the PNGID, a strong peer network is established which provides valuable opportunity for directors and or advisors to boards, to meet and interact with other decision makers to build strong business relationships.

The PNGID also provides training for directors in the field of directorship, whether it is for the season director seeking to refresh their knowledge or the new director just starting out.

For a developing country like PNG where crucial decisions can have a major impact on the economy, it is important the role and responsibilities of directors is clearly understood and respected.

Meanwhile, former president of PNGID and NasFund joint CEO Ian Tarutia announced that the institute planned to introduce a chairman-of-the-year, a director-of-the-year and annual report-of-the-year awards in 2009.

“The awards will recognise individuals who have demonstrated the ideals of the role and responsibility of a chairman and director,” he said.

“Likewise, the annual report award will recognise the organisation that produces a report that meets the assessment criteria that the PNGID board sets out.”