Nicosia, Cyprus. Telecommunications provider Cyta on Tuesday held a conference on responsible governance, bringing together representatives from the state, the business community, organisations and the media. The event focused on the role of corporate governance in strengthening trust, accountability and value creation.
Conference focus
The event, entitled “Responsible Governance, Values in Action”, took place at the amphitheatre of Cyta’s headquarters in Nicosia and attracted representatives of institutions, partners and executives from organisations and bodies.
Discussions focused on corporate governance as a pillar of trust, accountability and value creation, while highlighting the need to move from principles to their practical implementation.
Particular emphasis was placed on the role of governance in enhancing the credibility, resilience and competitiveness of modern organisations.
Cyta representatives
Speaking on behalf of Cyta were chairwoman Maria Tsiakka, chief executive George Metzakis and director of sustainable development Aliki Drakou.
Through their interventions, they highlighted three dimensions that need to operate in a coordinated manner for governance to deliver meaningful results.
These include the institutional responsibility and oversight of the board, its connection to strategy and operations, and its integration into the organisation’s responsible functioning and sustainability.
Governance framework and keynote address
During the conference, Cyta board member and chairwoman of the Institutional Framework, Regulatory Compliance and Corporate Governance Committee Maria Antoniou-Hamatsou presented the organisation’s governance framework and outlined the steps already taken to strengthen responsible operations.
The keynote speaker was Chartered Director and chairman of the New Governance Team Petros Florides, whose presentation was entitled “The Yin and Yang of Good Governance”.
Panel discussion
The event also featured a panel discussion entitled “From governance principles to implementation, strengthening trust, accountability and value creation”.