Published: 08:00 AM, December 18, 2017

Updated: 02:28 PM, December 18, 2017

FAREWELL MESSAGE TO FELLOWS AND MEMBERS Delivered at ICD Town Hall, Ascott Glorietta December 5, 2017

Good afternoon dear Fellows, Members and friends.


My time as CEO of ICD is drawing to a close.  It has been the most

-         challenging

-         demanding

-         stressful; and

-         exhausting time of my life to date.  And yet, it has also been the most

-         educational

-         transformative

-         productive; and

-         happiest as well.


Many of you have been asking me why I am leaving.  For one thing, I decided that it will best for me:  I feel burned out and tired so a break to recharge my batteries is a necessity.  I also want to have more time to spend with my family, in particular my 93-year old mother who is not in good health.  Let me point out that I am not leaving ICD entirely – I still hope to be actively involved as a lecturer and researcher.  At the same time, it will also be good for ICD: in order to accomplish its vision to become one of the leading institutes of directors in Asia by 2024, it needs fresh blood, energy and ideas. 


In this regard, I wish to congratulate and welcome Dr Fred Pascual who was recently appointed by the Board of Trustees to replace me as CEO.  Thank you, Fred, for your commitment to our advocacy and willingness to take over.  I ask everyone to give Fred the same level of help and support that you provided me over the past 5-1/2 years.


I also want to take this opportunity to apologize for those things that I failed to do.  For one, I was not able to raise the profile of corporate governance in public consciousness.  Many of you also joined ICD to be appointed as independent directors; I was not able to move the needle significantly in that regard.  For these shortcomings, I ask you to accept my deepest regrets.


I have received many kind words from some of you about what I was able to accomplish during my term.  I thank you for these but these would not have been possible without the help of many people whom I need to thank. To the board of trustees, especially Dr Jess and Rex who entrusted me with this position back in 2012 and Francis for his leadership.  To the staff, for their invaluable support and commitment.  And most especially, to you – the Fellows and members – for YOU are our MOST IMPORTANT constituents.  Without you, there is no ICD.  I hope that I was able to make you feel that you were always my FIRST PRIORITY during my term as CEO.


The final thanks, however, belongs to God. I have never mentioned God before in my lectures or speeches but this is the right time to give the glory due to Him.  Without Him, I could not have accomplished anything.  I have a favorite passage from the Gospel when I think about my time at ICD. This is taken from Luke 17:7-10.


“ Suppose one of you has a servant plowing or looking after the sheep.  Will he say to the servant when he comes in from the field, ‘Come along now and sit down to eat’?  Won’t he rather say, ‘Prepare my supper, get yourself ready and wait on me while I eat and drink; after that you may eat and drink’?  Will he thank the servant because he did what he was told to do?  So you also, when you have done everything you were told to do should say ‘We are unworthy servants’ we have only done our duty’.”


I only did the duty entrusted to me by God and you.  Thank you for the opportunity.



-         Ricardo Nicanor Jacinto, FICD