Cyta recently held a significant conference in Nicosia focusing on responsible governance, drawing together diverse stakeholders from various sectors, including state representatives, business leaders, and media professionals. The event, titled “Responsible Governance, Values in Action,” took place at Cyta’s headquarters and served as a platform to discuss the vital role of corporate governance in fostering trust, accountability, and value creation.
Photo: cyprus-mail.com
Responsible governance: Bringing Together Key Stakeholders
The conference attracted a wide range of participants, including institutional representatives, partners, and executives from various organisations. The discussions highlighted the importance of corporate governance as a foundational element for building credibility and competitiveness in today’s challenging business environment.
Photo: cyprus-mail.com
From Principles to Practice
A central theme of the event was the transition from theoretical principles of governance to their practical implementation. The speakers emphasised that effective governance is not merely about adhering to guidelines but is essential for enhancing the resilience and credibility of organisations.
Insights from Cyta Leadership
Key figures from Cyta, including chairwoman Maria Tsiakka, chief executive George Metzakis, and director of sustainable development Aliki Drakou, articulated the three critical dimensions necessary for successful governance. These dimensions comprise institutional responsibility, strategic integration, and operational sustainability. Their insights underscored the need for a coordinated approach to ensure that governance frameworks translate into tangible outcomes.
Expert Perspectives on Governance
Maria Antoniou-Hamatsou, a Cyta board member, took the stage to present the organisation’s governance framework. She outlined the proactive measures that Cyta has undertaken to reinforce responsible operations within the organisation. Meanwhile, the keynote address was delivered by Petros Florides, a Chartered Director and chairman of the New Governance Team, who presented “The Yin and Yang of Good Governance,” offering a balanced view of effective governance practices.
Engaging Panel Discussion
The conference also featured a dynamic panel discussion titled “From governance principles to implementation, strengthening trust, accountability and value creation.” This engaging conversation included insights from notable figures such as Andrea Mounti Savvidi, president of the Cyprus Compliance Association, and Kyriacos Kokkinos, president of the Cyprus Institute of Directors and Corporate Governance. The discussion was moderated by Adonis Pigasios, academic director of the European Institute of Management and Finance.
A Step Towards Sustainable Development
Through this conference, Cyta aims to contribute to the broader discourse on corporate governance in Cyprus. The organisation highlighted that effective governance is not only a regulatory requirement but also a catalyst for sustainable development and long-term value creation across various sectors. By reinforcing the importance of responsible governance, Cyta hopes to elevate awareness and encourage organisations and institutions in Cyprus to adopt practices that enhance their accountability and operational integrity.
