The PNG Institute of Directors elected Mrs. Sharon Kupp-Tengdui as the President of the Institute for a three-year term at its 2021 Annual General Meeting held on 18 May 2021. The Institute also elected Ms. Vani Nades as Vice-President and Mrs. Mary Laimo as Treasurer.
The outgoing President of the Institute, Anthony Yauieb, said, “This is a proud and exciting moment for the Institute to have its first woman President. Sharon was previously Vice-President and is now ready to take over leadership of the Institute. I am delighted too that Members of the Institute have recognized the capabilities of a cadre of young emerging women leaders with the election of Ms. Vani Nades as Vice-President, Mrs. Mary Laimo as Treasurer and Mrs. Lisa Costigan as a Director.”
Mr. Yauieb further stated “We need more women in positions of leadership in the corporate sector, public sector and especially in public office. Under my stewardship, the Institute recently launched its efforts to increase the representation of females on Boards of companies last year with the centrepiece of its proposed strategic roadmap a target of achieving 30 percent representation of women on Boards by 2030. The Institute leads the way with women representation on its Board of just under 60 percent.”
Mr. Yauieb was also pleased that Mr. Clarence Hoot was elected to the Board together with re-elected Directors Messrs. Bernard Eliuda and Taunao Vai.
He said “The new Board brings together dynamic and competent individuals with a mix of strong skill sets and experience from across different industries and sectors. I am confident that they will serve the Institute well.”
President Kupp-Tengdui expressed gratitude for the confidence placed in her by Institute Members and thanked outgoing Directors.
She said “Steady progress had been made in the journey to transform the Institute and I will build on the good work done by the previous Board. Our strategic plan is due for a modest refresh but most strategic elements will remain largely unchanged.
I intend to continue the pursuit of key strategic priorities set by the immediate past Board but with a sharpened focus on membership growth, increasing member value, setting standards, targeted engagement with members and relevant stakeholders to advance good corporate governance and positively influence the national agenda on corporate governance.”