Financial Institutions Directors’ Education (FIDE)
Recognising the importance of leadership at the top and the increasingly challenging role of directors in financial institutions, Bank Negara Malaysia (BNM) and Perbadanan Insurans Deposit Malaysia (PIDM) conducted focus group discussions and worked with the industry to develop the Financial Institutions Directors’ Education (FIDE) Programme.
The inaugural programme was launched in 2008. The programme which has since undergone numerous refreshments and improvements is now being offered under Iclif. The aims of the programme are to enhance boardroom governance within the financial sector and develop world class directors who are advocates of best practices and excellence in corporate governance.
To date, more than 1,000 directors have been trained under the programme.
The FIDE Core Programme, comprising two modules, A and B, is mandated for directors of financial institutions in Malaysia who must complete the programme within one year of their appointment. Complementing the FIDE Core Programme is a whole host of FIDE Elective Programmes that focusses on specific areas that financial institution directors need to know.
The FIDE Core Programme is designed with specific focus on financial sector issues and challenges; and stresses on honing the skills, and enhancing the knowledge and expertise of directors. The Programme brings together a dynamic team of both international and local faculty to discuss and reflect on current corporate governance issues and their relevance and applicability to financial institutions. The sessions are highly interactive with a combination of case studies, scenario analysis, board simulation and experiential learning and sharing.
There are four categories of FIDE Elective programmes namely: board committee, technical, advanced and foundation programmes. In 2018, a "Refresher" category was added to cover new topics for directors who had completed the FIDE Core programme prior to 2018.