NACD
| Founded | December 19, 1977 |
|---|---|
| Type | National Director Membership Organization |
| Focus | Director Education, Board Development, Director Recruitment Services, Credentialing |
| Location |
|
|
Area served
|
Nationwide |
| Method | Public, Private and Nonprofit Company Surveys, Educational Events, Conferences, Publications |
|
Members
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17,000 |
|
Key people
|
Reatha Clark King, Barbara Hackman Franklin |
| Website | www |
The National Association of Corporate Directors (NACD) is an independent, not-for-profit, section 501(c)(3) founded in 1977 and headquartered in Washington, D.C.. In 2015, NACD reported having more than 17,000 directors from public, private and non-profit-organizations from both the U.S. and overseas. According to their mission statement, NACD is dedicated to advancing boardroom leadership. The organization is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
NACD operates at both a national and local level with chapters in many major locations, such as New York City, Houston, Southern California, Seattle and Florida, where they provide educational programs and networking opportunities.
The organization collaborates with various other organizations such as NASDAQ and Pearl Meyer & Partners.
NACD was founded in 1977 with the goal to educate directors. In 1978 it announced the first comprehensive Director Education Program. Ten years later, NACD recognized the first Director of the Year. In 1993, NACD published its first Blue Ribbon Commission Report, offering ten principles to guide audit committees and their oversight of the financial reporting process, as well as risk management and internal and external auditors. In the early 2000s, NACD’s Blue Ribbon Commission Report on Board Evaluations helped optimize board composition, while the organization helped shape Sarbanes-Oxley and influence the new (NYSE) & NASDAQ listing rules. In 2004, NACD co-found the Global Director Development Circle, launched in response to the need to keep directors ahead of international corporate governance and legislation. This program led NACD to globalize the Certificate of Director Education program in 2006. The program has since evolved into the Global Network of Director Institutes. In 2010, NACD acquired Directorship magazine, a magazine dedicated for today’s corporate officers and board of directors.
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