The certificate is aimed at helping directors avoid the indictable offences -- 150 in Irish company law alone -- under which the regulatory authorities can take proceedings, and the Institute argues that the playing field for company directors and board members is now more fraught than ever.

ICAI’s Dublin-based Certificate course will commence in November 2008 and run over five evening sessions. The programme is designed to equip prospective or existing directors with the skills and knowledge to be a more effective board member and director.

In so doing, it aims to help directors deal with regulatory issues before they arise, and limit their personal exposure.

The ICAI explained that:

"The Certificate represents a rare forum for business leaders to learn from experts and peers. Course tutors include some of Ireland’s most prominent corporate lawyers, regulators and communications specialists. The programme will appeal to new and long-serving executive and non-Executive Directors, and is open to non-members of ICAI."

Becky Bristow, ICAI Director of Lifelong Learning commented in conclusion that:

"From initial feedback, we are confident that this qualification will quickly become recognised as the benchmark of quality for future Irish company directors and board members."