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“Good Corporate Governance

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“Good Corporate Governance Theme: “Good Corporate Governance - Has Internal Audit in Malawi Failed”? B r o n z e S p o n s o r s S I l v e r S p o n s o r s 1 President’s Statement I wish to welcome you all to this year’s annual conference for the Institute of Internal Auditors Malawi. The theme for the conference is “Good Govern- ance: Has Internal Audit in Malawi Failed?” This is a pertinent question that we all need to reflect on during this conference. As internal auditors, we have a crucial role to play in as far as good governance is concerned. In this regard, the 2016-2020 strategic plan for the institute of internal auditors global states that the vision for the internal audit professionals is to be “universally recognized as indispensable to effective governance, risk management and control.” It will be noted that the topics that have been lined up for this conference are in one way or another aimed at addressing issues of good governance from the perspective of an internal auditor. Further, the choice of presenters, both local and foreign, was carefully done based on their professionalism and ex- perience in various fields so as to bring diversity in ideas. I must also mention that apart from the presentations, this year we shall have a panel discussion on the theme. The aim is to ensure that we do a thorough assessment of how we have performed regarding the role we play in promoting good governance both in private and public sector in Malawi. My expectation is that in the end we shall come up with ideas that will help us enhance the way we perform our role. To those that are from other professional backgrounds other than internal auditing, I wish to say that we welcome any suggestions that will help to enhance the internal audit profession. Your contributions dur- ing the panel discussion or informally after the presentations will be appreciated. With these remarks, I wish to thank you all for attending this year’s conference. It is my conviction that we shall come out of this conference as refined internal auditors whereas those that are from other pro- fessional areas will have a better insight of the role of an internal auditor. Paul Marango Nyirenda CIA, CRMA PRESIDENT – IIA MALAWI 2 GUEST OF HONOUR Profile: Right Hon. Richard Msowoya MP. A Village Boy, a Politician on Duty, a Speaker and a Hope for Parliamentary Democracy: The Story of Richard Msowoya Right Hon. Richard Msowoya MP is the current and the seventh Speaker of the Malawi National Assembly. He is a Member of Parliament representing the people of Karonga Nyungwe, Traditional Authority Mwirang’ombe in Karonga District. To know the personality Speaker, Richard Msowoya as a Village Boy, a Politician on Duty and Speaker, you have the story told below: The Village Boy Right Honourable Richard Msowoya was born on 28th August 1962 at the then Chilumba Clinic, (now upgraded to a Health Centre) as the 10thborn to William Daniel Msowoya and Ivy Joha Nyirenda in a family of 12 children. He grew up in a village setup where, he says, with all the fun like herding cattle with the fruits that you pick as you are herding with friends. However, herding cattle was not a substitute to school as the par- ents, especially the mother, were very strict about school. It was only during weekends he would be al- lowed to lead the then normal young boy’s village life. He would be given a choice of where to go herd- ing cattle or to the garden. Richard Msowoya started school at the age of five at Nyungwe, later Chikhumbe and in Mtakataka Dedza. He went to Robert Brake Secondary from where he was selected to go to Chancellor College be- fore furthering his studies at University of London and University of Bolton in the United Kingdom where he obtained a Masters Degree in Supply Chain Management. During his primary school life, he wanted to be a driver, a dream that would later change to a Marketing and Sales Manager in the later days of his college education. He has more than 25 years experience in national and international development work. He has worked in various organisations in Malawi, Bot- swana, South Africa, Nigeria, across Europe in Switzerland and Bosnia. A Politician on Duty To talk of politics, Honourable Richard Msowoya, MP, is not new in the arena having joined politics in 2004 after being motivated by the infamous third term bill that Parliament was discussing which he thought was and almost everyone thought it was not good for our democracy. This motivation saw him contesting in the 2004 general elections where he was elected as Member of Parliament for the constituency he is serving now under the Republican Party ticket, a break away party from MCP. During that five-year term, 2004 to 2009, he was appointed Minister of State in the Presi- dent’s Office and later was appointed Deputy Minister of Education, deputising the Head of State at that time. 3 Right Honourable Msowoya went back to his mother party,” says influenced by his admiration of vet- eran politician Hon. John Zenus Ungapake Tembo, who does not talk much. He knows what he wants and he normally gets it. Most politicians talk too much and they fail to walk their talk. Hon Tembo is consistent he does his politics quietly. A Speaker of Parliament Following the tripartite elections, in line with the constitution of Malawi, Section 53 Subsections 1 and 2 new Members of Parliament had to elect a Speaker amongst themselves. The name of Hon Richard Msowoya was one of the two names put forward for the position. “taking into account that this institution, the Malawi Parliament, is one of the arms of government, which plays an important role in consolidating the nascent democracy, it is, therefore, imperative for us Members of Parliament who have the voting power in this august House to elect a Speaker who has the capacity to run this institution smoothly, independently and impartially,” Hon. Dzoole Mwale MP, ob- served in his statement nominating the name of Hon. Msowoya MP for the position which he went on to win. By now you know at least the village boy, the politician and the Speaker behind the name Rt. Hon Rich- ard Msowoya, Speaker of Malawi Parliament. CONFERENCE SPEAKERS: TOPIC 1: Auditing Governance and its Challenges Presenter: Simon Nyazenga - IIA Zimbabwe Brief Profile: Simon Nyazenga Bachelor of Accountancy Honours (B Acc), Masters of Business lead- ership (MBL) Certified Internal Auditor (CIA), Certified Risk Man- agement Assurance (CRMA), Fellow Chartered Secre- tary(FCIS),Certified Management Consultant(CMC) and Exec Diploma in General Man- agement (EDGM) 24 years’ experience (19 internal auditing ,risk and governance and 5 in Finance) Experience in Zimbabwe and regionally in private, listed blue chip companies, public sector and NGOs Board member IIA, Steering Committee National Code on corp. governance and past board member Zimbabwe Aids Network Current president IIA Zimbabwe and Group Internal Audit Executive at Metallon Gold Zimba- bwe International researcher in risk, Internal Audit and governance with IIA Global Trainer in internal audit , financial management and business systems 4 Provide Quality Assurance review on Internal audit units Consultant in corporate governance, risk management, control, business processes, financial management, IT audits, Forensic audits TOPIC 2: Implementing Quality Assurances Improvement Programme (QAIP) in Internal Audit Function. (Presenter: Thomas Kaunda – IIA Zambia) Brief Profile Thomas Thindwa Kaunda (FCCA, FZICA, CIA, SAP Fin Cert, Prince2) Thomas Kaunda is the current Vice President of the IIA Zambia, a Certified In- ternal Auditor and a Fellow member of the ACCA and ZICA, Certified SAP Fi- nancials Consultant and is Prince2 Project Management Certified. He has over 15 years of experience in leading staff in the planning, execution and management of audits, consultancy and investigation as- signments that are aimed at providing Governing Boards and Chief Executive Officers, assurance on the adequacy and effectiveness of risk management, governance and internal control processes. He has Broad knowledge in financial and accounting operations, information technology, risk manage- ment, corporate governance, IT governance, fraud awareness and project management covering indus- tries that include Financial institutions, Mining, Agriculture, Manufacturing Companies, Retail Chains and government institutions. He has been key in training, directing, controlling and organising auditors to ensure efficiency and effectiveness of audit Operations. He is the Chairperson of the Technical Committee tasked to come with legislation to regulate the Inter- nal Audit Profession in Zambia. TOPIC 3: IT as a Tool of Good Governance ) Max Mlomba (CIPM) Profile Max Mlomba is currently working for Malawi Revenue Authority as Director of Information and communication Technology (ICT) since August 2012. Previous positions held as Head of ICT for Ma- lawi Savings Bank (2012), NBS Bank (2001-2012). Has been in- strumental in implementing various ICT projects in these institu- tions. Achieved a number of performance awards on the way. He is a Post graduate in Strategic Management, Certified International Project Manager (CIPM) and a graduate in Social Sciences, majoring in both Computer Science and Eco- nomics from Chancellor College. Currently studying for MSC in Information Systems Management. 5 A family man married to Dorah and father of three Tinashe, Tasleema and Thurayyah. Enjoys farming (animal ranching and agro). Has a passion for serving where necessary hence has been a member of the Lions club, currently chair of Balaka Secondary School alumni and a trustee member of a number institutions. TOPIC 4: Entrepreneurship (Presenter: Daniel Dunga - Malawi) Brief Profile DANIEL DUNGA Daniel Dunga is a Mandela Washington Fellow of President Obama’s Young Af- rican Leaders Initiative (YALI).
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