Certified Member of the Board of Directors (CMBD), distance learning and online certification program

Objectives

The CMBD program gives directors the knowledge and skills needed to understand and support regulatory compliance and enterprise wide risk management. The program also provides with the skills needed to pass the Certified Member of the Board of Directors (CMBD) exam. We have updated the program the 24th of November, 2018.

Target Audience

The CMBD certification program is beneficial to potential, new and sitting members of the Board of Directors.

Course Synopsis

Introduction.
Overlapping and inter-dependent roles.
Management, board, shareholders, stakeholders.

Principles - New York Stock Exchange, Commission on Corporate Governance.
Board composition and role.
Board duties and obligations.
Management’s relationship with the board.
Example - Cyber risks and the Boardroom.

Governance, risk, compliance.
OECD principles of corporate governance.
The Financial Stability Board's Thematic Review on Risk Governance.
The Financial Stability Board's Thematic Review on Corporate Governance.
Policies, procedures, baselines, guidelines, ethics.
Conflicts of interest.
Examples and case studies.

Laws, standards and best practices for the Board of Directors in the USA.
Important federal rules and regulations.
The Securities Act of 1933.
The Securities Exchange Act of 1934.
The Sarbanes Oxley Act of 2002.
The Dodd-Frank Act of 2010.
Various SEC regulations and rules from the Federal Reserve for banks and other financial entities.
The Sarbanes Oxley Act and the Board of Directors.

Laws, standards and best practices for the Board of Directors in the European Union (EU).
European Union, legal acts after the Treaty of Lisbon.
Delegated acts, implementing acts.
The European system of financial supervision (ESFS).
The European Systemic Risk Board (ESRB).
The European Banking Authority (EBA).
The European Securities and Markets Authority (ESMA).
The European Insurance and Occupational Pensions Authority (EIOPA).

8th Company Law Directive (2006/43/EC) - From SOX to E-SOX.
Corporate governance, auditors, audit committee.
Directive 2014/56/EU.

The Solvency II Directive of the European Union.
Governance, risk and compliance.
Fit and proper requirements for persons who effectively run the undertaking or have other key functions.
Case studies.

The Basel III framework and the Board of Directors.
The Financial Stability Board (FSB).
Basel III, the G20 and the FSB. The Bank for International Settlements (BIS).
Basel III - Corporate governance and risk management.
A. Board practices.
B. Senior management.
C. Risk management and internal controls.
D. Compensation.
E. Complex or opaque corporate structures.
F. Disclosure and transparency.
The December 2017 amendment, corporate governance and oversight.

Closing remarks.


For secure payment we work with PayPal, the faster and safer way to make online payments. With PayPal we minimize the cost of administration and compliance with national and international laws, so we can keep the cost of our programs and services so low.

Only PayPal receives your credit card number and your financial information. We receive your full name, your email, and your mail address. According to the PayPal rules, you have the option to ask for a full refund up to 60 days after the payment. If you do not want one of our programs or services for any reason, all you must do is to send us an email and we will refund the payment, no questions asked.

When you click "Buy Now" below, you will be redirected to the PayPal web site. Your payment will be received by our strategic partner and service provider, Cyber Risk GmbH (Rebackerstrasse 7, 8810 Horgen, Switzerland, Handelsregister des Kantons Zürich, Firmennummer: CHE-244.099.341). Cyber Risk GmbH may also send certificates to all members.

We will send the program up to 24 hours after the payment.

The all-inclusive cost is $297. There is no additional cost, now or in the future, for this program.

What is included in the program:

A. The official presentations we use in our instructor-led classes (1,189 slides)

B. Up to 3 Online Exams

You have to pass one exam. If you fail, you must study the official presentations and try again, but you do not need to spend money. Up to 3 exams are included in the price. To learn more you may visit:

https://www.members-of-the-board-association.com/Questions_About_The_Certification_And_The_Exams_1.pdf

https://www.members-of-the-board-association.com/IAMBD_Certification_Steps_1.pdf

C. Your certificate

Processing and posting to your office or home (via registered mail).


Frequently Asked Questions

1. How comprehensive are the presentations? Are they just bullet points?

Answer: The presentations are not bullet points, you can read them, understand, and learn. These are the official presentations we use in our instructor-led classes.

2. Do I need to buy books to pass the exam?

Answer: No. If you study the presentations, you can pass the exam. All the exam questions are clearly answered in the presentations.

If you fail the first time, you must study more. Print the presentations and use Post-it to attach notes, like "COSO", "Operational Risk" etc., to know where to find the answer of a question.

3. Is it an open book exam? Why?

Answer: Yes, it is an open book exam. Risk and compliance management is not something you have to memorize, it is something you must understand and learn.

4. Do I have to sit for the exam soon after receiving the presentations?

Answer: No. You can sit for the exam from your office or home, any time in the future. Your account never expires and there is no restriction of any kind.

5. Do I have to spend more money in the future to remain certified?

Answer: No. Your certificate never expires. It will be valid, without the need to spend money or to sit for another exam in the future.

6. Ok, the certificate never expires, but things change.

Answer: Recertification would be a great recurring revenue stream for the association, but it would also be a recurring expense for our members. We resisted the temptation to "introduce multiple recurring revenue streams to keep business flowing", as we were consulted. No recertification is needed for our programs.

Things change, and this is the reason you need to become (at no cost) a member of the association. You will receive our newsletter every month, with updates, alerts and opportunities, to stay current.

7. How many hours do I need to study to pass the exam?

Answer: It depends on your knowledge and experience. You must study the presentations at least twice, to ensure you have learned the details. The average time needed is about 32 hours, but there are important differences.

8. I want to learn more about the online exam.

Answer: You will be given 90 minutes to complete a 35-question multiple-choice exam. You must score 70% or higher.

We do not send sample questions. If you study the presentations carefully, you can score 100%.

9. Why should I get certified?

Answer: After the failures of so many organizations during the recent crisis, firms and organizations hire "fit and proper" board members who can provide evidence that they are qualified.

10. Why should I choose your certification program?

Answer: It is always good to investigate first. We strongly believe that we offer very good value for money:

a. The CMBD is a unique program. You can check the course synopsis above.

b. The all-inclusive cost of the program ($297) is very low. There is no additional cost for this program, now or in the future, for any reason.

c. There are 3 exams that are included in the cost of the program, so you do not have to spend money again if you fail.

d. No recertification is required. Your certificate never expires.