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.
ICD is recognized as a national and international resource for corporate governance. The institute promotes its advocacies through the following publications:
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.
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.
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.
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.
ICD’s board services team provides companies with the necessary tools to implement the principles of good governance and strategy execution. These interventions bridge learning from the corporate governance courses, the sharing of standards of the Corporate Governance Scorecard, and the practices, strategies and tactics implemented within the organization.
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.
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.
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.
ICD offers third party assessment of the Board’s effectiveness based on the structure, processes, strategy role, and overall performance.
ICD conducts qualitative reviews for companies to assess their governance policies and framework and compare these to global best practices. These reviews help family businesses as well as established corporations, set strong foundations for sustainable growth by allowing them to identify areas of improvement and ways and means to enhance their corporate governance policies and procedures.
ICD’s Corporate Governance Health Check is based on the ASEAN Corporate Governance Scorecard (ACGS) which measures the following:
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 –
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).
ICD will promote the advocacy of good governance in the corporate sector.
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.
Standing from Left: Roberto Bascon, Jr. Director for CG Analytics, Merriam Joyce Lugtu-Delim, Chief Finance Officer, Sisenando Bengzon, Chief Operating Officer. Seated from Left: Mirasol Ramos-Quema, Director for Marketing and Sales, Michelle Dee, Director Fellows Relations and Resource Mobilization, Dr. Alfredo E. Pascual, Chief Executive Officer, Regine Esguerra- Cinco, Team Leader for Research and Publications, Mary Rose Juliet Anatalio, Director for Board Services