Certification for Experienced Directors


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Become a Certified ILA Director

This professional qualification is delivered by ILA to members who comply with all the following eligibility criteria:

  • ILA membership
  • Successful achievement of both training modules  (The Essentials – Universal and The Essentials - Luxembourg) and related exam/paper
  • Demonstration of 4 years of experience as a member of a Board of Directors, of one or more entities performing significant economic activities
  • Commitment to continuous professional education
  • Commitment to respect the ILA code of conduct
  • Compliance with all recurring obligations as an ILA member

Main advantages of the Certification 

Flexibility


Modules can be taken at different times, offering flexibility to Directors

Value


Our exclusive certification is highly recognised by regulators and companies looking for NEDs

Continuous Development

By completing Continuous Professional Development hours, Certified members maintain their professional skills at high level

Extra visibility


Relevant visibility on the ILA website and newsletter, exclusive access to tailor-made events with highly qualifed external speakers

What should be my next step?

Aspiring: I don’t have experience as Director yet, nor exposure to Boards over the past years

ILA will support you with training and publications which might help you to start in this position: Aspiring Director Programme, ILA Bootcamp, Fundamental of Luxembourg Corportate Governance, ILA Mentoring Programme…
You may start the Certification path in the coming years, once you have already some experience as Director.
Please do not hesitate to contact us for additional guidance.

Transitioning - I have less than 4 years of experience as a Director, or I have already had several years of full exposure to Boards in my previous functions (as an Executive for example)

Depending on your experience, you could already start the Certification path by attending the training modules (The Essentials – Universals and The Essentials - Luxembourg).
Once your training is completed, you will have the possibility to apply to become an ILA Certified Director once your experience as Director will reach 4 years.
Please do not hesitate to contact us for additional guidance.

Practising - I have 4 years of experience as a Director

You can complete the training modules (The Essentials – Universals and The Essentials - Luxembourg) and submit your application to become an ILA Certified Director at your earliest convenience.

None of these scenarios apply to you? 
Contact us and we will be happy to assist you on your journey!

Certification Process

Training modules

The Essentials - Universal

This module covers the general aspects of Director’s responsibilities in any legal or regulatory framework, and includes topics like: reviewing and approving growth strategies, general governance and responsibilities, overview of basic knowledge and required skills, how to make Boards effective, financial analysis, review of strategic plans...

The Essentials - Luxembourg

Dive in the practical world of being a Director in Luxembourg!
Through the 10 interactive modules of this course, run by Luxembourg practitioners and experts, you will learn “what to ask”, and “what to do” on topics such as sustainability, integrity, legal, accounting, and tax issues,as well as discuss the many challenges Luxembourg Directors must face.

Application

The application consists of the following documents:

  • A cover letter describing sufficiently in detail your job positions and your experience as a member of a Board of Directors
  • The application form duly completed and signed
  • The following supporting documents:
    • Certificate(s) of training completion (Module 1 - The Essentials Universal)
    • ILA Code of Conduct duly signed (including a CPD Commitment)
    • A professional up-to-date Curriculum Vitae
    • The list of past and present mandates, bearing in mind that you must demonstrate to have 4 years of experience as a member of a Board of Directors of one or more entities performing significant economic activities
  • An extract of police record

Once ready, send your application to certifications@ila.lu


About Continuous Professional Development (CPD)

  • As an ILA Certified Director, you have the expected skills, integrity and professionalism to act as a Director.

  • However, the business environment is constantly evolving, and continuous development is essential to ensure ongoing credibility for you and the profession, at any stage of your career.

  • When you access the ILA Certified Director programme, you commit to Continuing Professional Development (CPD). ILA supports you in meeting your CPD obligations by proposing a range of different training.

  •  Our objective is to maintain the highest standards of competence amongst our Certified Directors and ensure that they remain effective as Directors and Board members.

Continuous commitment

  1.  Remain an ILA member.

  2.  Undertake at least 12 hours of professional education per calendar year.

  3.  Attend the ecoDa module on Professional Development for European Directors within the first 3 years after obtaining the certification.

  4.  Take personal responsibility for CPD requirements, and record the non-ILA activities on the ILA website before 31 December every year, providing evidence of your CPD such as confirmation of course attendance.