ICDS logo


Institute of Corporate Directors and Secretaries (ICDS) is a training institute established by CMDA with the aim to raise corporate governance (CG) standards in companies and help directors and secretaries carry out their duties and responsibilities more effectively, and ultimately, to promote a more vibrant and attractive capital market in the Maldives.



“Leadership in effective corporate governance in the Maldives”


Mission Statement

“To be a member institute that will professionalise the work of directors and secretaries so they may add value to their organizations and adopt the highest standards of corporate governance”



The two training programs conducted by ICDS on a regular basis are the “Directors Training Program” and “Company Secretaries Training Program” targeting directors and secretaries of companies listed on the Maldives Stock Exchange, state owned enterprises and interested private companies & individuals.

The training programs of ICDS are designed to enhance knowledge, skills and values demanded by modern corporate governance practices among the corporate directors & secretaries. The programs of ICDS are revised ever year to include the most current CG modules/topics.

Curriculum - Directors Training Program

Curriculum - Company Secretaries Training Program

Interested parties may submit expression of interest to undertake the trainings by calling ICDS on 3014103/ 3336619 or emailing to icds@cmda.gov.mv.


Directors Examination Application Form


Apart from undertaking the directors training, the participants may choose to undertake the “directors examination”of ICDS. 

ICDS maintains a register of individuals who have completed the trainings and undertaken the examinations. 



Apart from conducting the directors & secretaries training program, ICDS collaborates and partners with other organizations in their efforts for creating CG awareness, and in educating the stakeholders on the evolving best practices of CG.

Program on essentials of corporate governance & effective board directorship by women on boards (WOB) in collaboration with ICDS/CMDA – 28th October 2017.

Institute of Corporate Directors and Secretaries (ICDS)
Capital Market Development Authority
H. Orchid, 3rd Floor
Ameer Ahmed Magu
Tel: 333 6619 | Fax: 333 6624
Email: icds@cmda.gov.mv
Website: www.cmda.gov.mv