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What Is Corporate Governance?

Corporate Governance is the work done by a company's board of directors acting collegially.

Good corporate governance is critical to a country's global competitiveness and has been shown to have a direct correlation with corporate profitability and growth. Government and regulators require it. Companies of all sizes need it.

Good corporate governance protects and balances all stakeholder interests, strengthens business relationships, increases access to external financing, and leads to better operational performance.

It is through good governance that sustained returns and increased value can be delivered to the shareholders of a business, which in turn can help attract investment.

Good corporate governance is about doing what's right, and doing it well.

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What We Do
We Publish

ICD is recognized as a national and international resource for corporate governance. The institute promotes its advocacies through the following publications:

  • Position Papers
  • Director Surveys
  • Director Handbooks
  • Corporate Governance Cases

ICD is a member of the Global Network of Director Institutes (GNDI). It has established relations with key foreign entities involved in corporate governance such as the Organisation for Economic Co-operation and Development (OECD), the Asian Development Bank, the International Finance Corporation and the ASEAN Capital Markets Forum.

We Educate

ICD offers corporate governance learning solutions specifically for board members and key executives. Through customized in-depth lectures, case studies and structured learning experiences facilitated by faculty recognized for their expertise, ICD’s seminars aim to professionalize the practice of corporate directorship – helping directors make the leap from compliance to performance.

  • Corporate Governance Orientation Program
  • Professional Directors Program
  • Distinguished Corporate Governance Speaker Series
  • Advanced Corporate Governance Training Program
  • Corporate Secretary as Corporate Governance Professional Program
  • Enhancing Audit Committee Effectiveness
  • Business Integrity Workshop
  • Family Business Governance Workshop
  • Board Strategy for Directors
  • Strategy Execution Pathway (Essentials and Masters) Workshops

ICD is the only entity in the Philippines accredited as a corporate governance training body by the Securities and Exchange Commission, the Insurance Commission, Bangko Sentral ng Pilipinas and the Governance Commission for Government-Owned or -Controlled Corporations. ICD also organizes good governance fora and recognition events, the most recent of which are the ASEAN Corporate Governance Conference and Awards and the 2016 Investors’ Forum.

We Empower

With the wealth of board directorship experience of its Teaching Fellows and facilitators, ICD can optimize boards’ performance to deliver maximum value for a company’s stakeholders.

Board Services

ICD’s board services provide companies with the necessary tools to implement the principles of good governance. These interventions act as a bridge between the learning from the corporate governance courses and the sharing of standards of the Corporate Governance Scorecard.

  • Strategy Execution Pathway: StEP is a two-part program that helps organizations improve in both strategy design and systematic execution. Companies are assisted to revitalize their Vision, Mission and Core Values, and to develop their own Strategy Map and Balanced Scorecard. This comes with coaching on the alignment, discipline, and engagement for sustained performance results.
  • Board Design and Board Protocol: ICD assists companies in building a professional board along with a working outline on specific board duties and expectations as a collegial body, as working committees, and as individual board members.
  • Board Director Sourcing: ICD can recommend qualified and professionally-trained directors for companies seeking viable candidates to fill board vacancies from its pool of over 300 Fellows and Graduate Members.
  • Board Evaluation: ICD offers third party assessment of the Board’s effectiveness based on the structure, processes, strategy role, and overall performance.
Corporate Governance Analytics

ICD provides a quality review of a company’s governance policies and framework relative to global best practices. It can help family businesses as well as established corporations set strong foundations for sustainable growth through enhanced corporate governance policies and procedures.

ICD’s Corporate Governance Health Check is based on the ASEAN Corporate Governance Scorecard (ACGS) which measures the following:

  • rights of shareholders
  • equitable treatment of shareholders
  • role of stakeholders in corporate governance
  • disclosure and transparency
  • responsibilities of the board

ICD was appointed by the Securities and Exchange Commission to serve as the domestic ranking body of the ASEAN Corporate Governance Scorecard, which measures adherence by publicly-listed companies to corporate governance best practices.

We Engage

ICD is a learned society of over 300 professional directors practicing good ethics, with a shared vision and a commitment to social responsibility. As a Fellow, Graduate Member or Associate, you can –

  • enjoy monthly continuous learning, networking and fellowship events;
  • support the good governance advocacy by contributing to ICD publications, position papers and policy proposals;
  • affix the post-nominal FICD (Fellow), GICD (Graduate member) or AICD (Associate) after your name;
  • be recommended by ICD to corporate boards (subject to the fit between professional qualifications and requirements of the corporation).
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Who We Are

The Institute of Corporate Directors (ICD) is a non-stock, not-for-profit organization dedicated to professionalizing corporate directorship and raising the corporate governance standards of the Philippines. The institute was established in 1999 by Chairman Emeritus Dr. Jesus P. Estanislao in the aftermath of the Asian financial crisis, to establish and promote higher corporate governance standards in the Philippines. ICD is part of the Centers for Excellence in Governance (CEG).

Our Mission

ICD will promote the advocacy of good governance in the corporate sector.

Our Vision

By 2024, ICD, an institute made up of committed Fellows championing positive change in the corporate governance ecosystem for inclusive development, will be one of the leading institutes of directors in Asia.

Our values

Social Responsibility

Patriotism Independence

Excellence

Solidarity

Ethics

Board of Trustees
ATTY. FE B. BARIN
Executive Vice-President
MANILA BULLETIN PUBLISHING CO.
ATTY. PEDRO H. MANIEGO, JR.
Chairman
UP ENGINEERING RESEARCH AND DEVELOPMENT FOUNDATION INC.
ATTY. TEODORO KALAW IV
Partner
KALAW SY SELVA & CAMPOS LAW FIRM
BIENVENIDO S. BAUTISTA
Trustee
INSTITUTE OF CORPORATE DIRECTORS
DR. JESUS P. ESTANISLAO
Founder And Chairman Emeritus
INSTITUTE OF CORPORATE DIRECTORS
EDUARDO V. FRANCISCO
President And Director
BDO Capital & Investment Corporation
FRANCISCO C. EIZMENDI, JR.
President
INSTITUTE FOR SOLIDARITY IN ASIA
FRANCIS G. ESTRADA
Chairman
INSTITUTE OF CORPORATE DIRECTORS
MS. IDA CENIZA - TIONGSON
Managing Director
Opal Portfolio Investments (SPV-AMC) Inc
REX C. DRILON II
Vice Chairman
INSTITUTE OF CORPORATE DIRECTORS
ROBERTO G. MANABAT
Chairman & CEO
KPMG R. G. MANABAT & CO.
SHERISA P. NUESA
President And Director
ALFM MUTUAL FUNDS GROUP
Management Team
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Top: (L-R) Jun Tansiking, Accounting and Finance; Sisenando Bengzon, Course Development and Research; Ricardo Nicanor Jacinto, FICD, Chief Executive Officer; Roberto Bascon, Corporate Governance Scorecard; Bottom: (L-R) Mary Rose Anatalio, Board ServicesVanessa Bicomong, Marketing and Sales; Michelle Dee, Fellows Relations; Regine Cinco, Course Development and Research. Not in photo: Jennifer Santos, Administration and HR; Jose Rafael Ortega, Resource Mobilization