Institute of Corporate Directors

Institute of Corporate Directors (ICD) is primarily an institute of, for and by corporate directors established in the Philippines. It is made up mainly of individuals and reputational agents committed to the professional practice of corporate directorship in line with global principles of modern corporate governance.

It is a non-stock, not-for-profit organization working in close partnership with other business, government and civil society organizations. As an independent and autonomous institute, it is open to working with others in the pursuit of systemic corporate governance reforms by networking with various institutes all over East Asia to enrich Director Education and share best practices in corporate governance.

ICD certifies those who have qualified as Fellows of the Institute. It caters to the continuing professional needs of its Fellows by setting standards for the professional practice of corporate directorship. It conducts advocacy programs designed to foster good governance and responsible citizenship.

ICD is active in conducting research and developing training materials for corporate directors and other professionals committed to the practice of modern corporate governance. It offers training programs that promote the knowledge, skills, and values demanded by modern corporate governance. Thus, ICD regularly conducts the Corporate Governance Orientation Course (CGOP) as well as other programs on related subjects. Its flagship program is the Professional Directors Program (PDP), which is the first step towards becoming a Fellow of the Institute.

As an added service, ICD assists in the formulation and implementation of corporate governance improvement programs among organizations by facilitating institutional Governance Retreats for boards. ICD also assists in the formulation and implementation of corporate governance improvement programs in specific boards where its members serve. This includes the creation of Board and Director Performance Evaluation Systems, Continuing Education Programs, and the like.

Another of ICD's important contributions is the development of the annual Corporate Governance Scorecards.

ICD is a major player in Philippine corporate governance reform initiatives working closely with the Organisation for Economic Co-operation and Development, The Global Corporate Governance Forum, and International Corporate Governance Network on improving actual boardroom practices: moving away from principles into actual practices.

It works closely with key regulators with direct immediate interest in corporate governance: Bangko Sentral ng Pilipinas, Securities and Exchange Commission and the Insurance Commission.

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