Dr Carlye Tsui was appointed CEO of The Hong Kong Institute of Directors (“HKIoD”) in 1998, under the leadership of Founder Chairman Dr The Hon Moses Cheng and Founder Deputy Chairman Dr Lau Wah Sum. Since then, she has served HKIoD, their members and stakeholders with unwavering commitment, strong capability and abundant energy for over 26 years. We wish her all the best in her retirement and congratulate the new CEO Mr Jonathan Shea.
Author: Admin
-
Rahul Bhardwaj Elected Chair of the Global Network of Director Institutes (GNDI)
Toronto, ON, May 26, 2021 – Rahul Bhardwaj, President and CEO of the Institute of Corporate Directors in Canada (ICD), has been elected Chair, Global Network of Director Institutes (GNDI).
Mr. Bhardwaj has been a member of the GNDI Executive Committee for five years and has been committed to promoting excellence in corporate governance across the globe.
“I am honoured to be elected Chair of the Global Network of Director Institutes,” said Mr. Bhardwaj. “The challenges we face as directors – from the pandemic to climate change to artificial intelligence and digital transformation – are immense. It is critical that global leaders collaborate to advance our understanding of how better boardroom performance can drive better organizational performance and create better outcomes for our stakeholders. -
Leading institutes from Germany, Russia and Pakistan join global director network
Media Release
Date: December 15, 2015The Global Network of Director Institutes (GNDI) has expanded its membership network with the addition of director institutes from Germany, Russia and Pakistan joining its ranks.
Vereinigung der Aufsichtsräte in Deutschland e.V. (VARD) in Germany, Independent Directors Association (IDA) in Russia and Pakistan Institute of Corporate Governance (PICG) join 15 other leading director associations from Australia, Brazil, Canada, Europe, the Gulf States, Hong Kong, Malaysia, Mauritius, New Zealand, Singapore, Southern Africa, Switzerland, Thailand, United Kingdom, and the United States.
“The expansion of GNDI’s membership supports the organisation’s mandate to bring forward the latest trends and issues in corporate governance and share knowledge and best practices on matters that affect directors globally,” said Stan Magidson, Chair of GNDI and President and CEO of the Institute of Corporate Directors in Canada.
As a collective of leading governance associations around the world, GNDI plays an important role in providing leadership on governance issues for directors of all organisations to achieve a positive impact for companies, the economy and society.
The addition of three new member organisations further asserts the organisation’s position as the pre-eminent international body advocating good governance on behalf of directors all over the world.
GNDI was established in December 2012 to foster closer cooperation between its members, who are each recognized as the primary institute for directors and governance in their respective country.
The following organizations are members of GNDI:- Australian Institute of Company Directors (AICD)
- Brazilian Institute of Corporate Governance (IBGC)
- GCC Board Directors Institute (BDI)
- European Confederation of Directors Associations (ecoDa)
- The Hong Kong Institute of Directors (HKIoD)
- Independent Directors Association (IDA), Russia
- Institute of Corporate Directors (ICD), Canada
- Institute of Directors in New Zealand (IoDNZ)
- Institute of Directors in Southern Africa (IoDSA)
- Institute of Directors (IoD), United Kingdom
- Malaysian Alliance of Corporate Directors (MACD)
- Mauritius Institute of Directors (MIoD)
- National Association of Corporate Directors (NACD), United States
- Pakistan Institute of Corporate Governance (PICG)
- Singapore Institute of Directors (SID)
- Swiss Institute of Directors (SIoD)
- Thai Institute of Directors (TIoD)
- Vereinigung der Aufsichtsräte in Deutschland e.V. (VARD), Germany
For further details please contact:
Maliha Aqeel, director of communications, Institute of Corporate Directors
+1 416 593 7741 ext. 229 or +1 416 829 9808, maqeel@icd.ca
www.gndi.org -
Perspectives Paper on Renewing the Board
November 27, 2015
The Global Network of Director Institutes (GNDI), founded in 2012, brings together member-based director associations from around the world with the aim of furthering good corporate governance. Together, the member institutes comprising the GNDI represent more than 100,000 directors from a wide range of organisations. This paper describes the global perspective of GNDI on best practices to consider when renewing the board through changes to its composition.
As a collective of the pre-eminent governance associations around the world, GNDI plays an important role in providing leadership on governance issues for directors of all organisations to achieve a positive impact for companies, the economy and society. The following perspectives have been developed as part of a commitment to this goal and to guide boards in good governance beyond legislative mandates.
-
Guiding Principles for Cybersecurity Oversight
The Global Network of Director Institutes (GNDI), founded in 2012, brings together member-based director associations from around the world with the aim of furthering good corporate governance. Together, the member institutes comprising the GNDI represent more than 100,000 directors from a wide range of organisations. This paper describes the global perspective of GNDI on the role of the board in cybersecurity oversight.
A Global Issue Calling for Global Solutions
With the digitalization of the economy, an increasing number of companies in a wide range of industries are relying on information technology (IT) for their day-to-day operations. From manufacturers to retailers to airlines, organizations that never thought of themselves as “IT companies” are learning the promise and perils of the digital world. And of all perils, the greatest may well be cybercrime.
-
Global director network issues policy perspectives on cybersecurity and board renewal
Media Release
Date: November 27, 2015The Global Network of Director Institutes (GNDI), the international network of director institutes, has issued new perspectives papers on two governance issues that have dominated the board agenda globally this year.
“In the last 12 months, discussions have focused on the changing role of the board to be more resilient against cyber threats and address expectations regarding performance, culture and board diversity through renewal,” said Stan Magidson, Chair of the Global Network of Director Institutes and President and CEO of the Institute of Corporate Directors, Canada. “These are global issues and members of GNDI have issued global recommendations for boards to consider.”
In the first paper, Guiding Principles for Cybersecurity Oversight, GNDI proposes three areas of focus: people, processes and technology. Likening cybersecurity to the “fourth estate”, the global network says that cybersecurity falls outside the traditional borders of oversight, accountability and control, and therefore requires a new approach.
The organisation is calling on boards to consider placing cybersecurity as a specific accountability of one of the officers reporting to the board, to inform themselves of specific operational, reporting and compliance aspects of cybersecurity, and lastly to consider adding a member with some knowledge of information technology (including digitalization and cybersecurity).
In the second perspectives paper, Renewing the Board, GNDI advocates for a performance management approach to board renewal to create long-term value and argues that the board should disclose these policies and processes to its shareholders and other stakeholders to allow for better engagement with these groups. The paper also argues that boards should cast a wide net when adding or replacing a director and should consider the need for diversity of thought, skills and experience on the board when considering appointments.
The paper further highlights that while term limits can act as a backstop against excessive tenure length, they should not be the only renewal mechanism used by boards as they can have the effect of substituting for difficult conversations with underperforming directors or can lead to the replacement of effective directors.
The policy perspectives on cybersecurity and board renewal are available for download at www.gndi.org.GNDI is an international network of 16 director institutes and was established in December 2012 to foster closer cooperation between its members, who are each recognized as the primary institute for directors and governance in their respective country.
The following organisations are members of GNDI:
- Australian Institute of Company Directors (AICD)
- Brazilian Institute of Corporate Governance (IBGC)
- European Confederation of Directors Associations (ecoDa)
- GCC Board Directors Institute (BDI)
- The Hong Kong Institute of Directors (HKIoD)
- Institute of Corporate Directors (ICD), Canada
- Institute of Directors in New Zealand (IoDNZ)
- Institute of Directors in Southern Africa (IoDSA)
- Institute of Directors (IoD) in the United Kingdom
- Malaysian Alliance of Corporate Directors (MACD)
- Mauritius Institute of Directors (MIoD)
- National Association of Corporate Directors (NACD), United States.
- Pakistan Institute of Corporate Governance (PICG)
- Singapore Institute of Directors (SID)
- Swiss Institute of Directors (SIoD)
- Thai Institute of Directors (TIoD)
For further details please contact:
Maliha Aqeel, director of communications, Institute of Corporate Directors
+1 416 593 7741 ext. 229, maqeel@icd.ca
www.gndi.org -
Global director network issues policy perspectives on cybersecurity and board renewal
Media Release
Date:November 27, 2015The Global Network of Director Institutes (GNDI), the international network of director institutes, has issued new perspectives papers on two governance issues that have dominated the board agenda globally this year.
“In the last 12 months, discussions have focused on the changing role of the board to be more resilient against cyber threats and address expectations regarding performance, culture and board diversity through renewal,” said Stan Magidson, Chair of the Global Network of Director Institutes and President and CEO of the Institute of Corporate Directors, Canada. “These are global issues and members of GNDI have issued global recommendations for boards to consider.”
In the first paper, Guiding Principles for Cybersecurity Oversight, GNDI proposes three areas of focus: people, processes and technology. Likening cybersecurity to the “fourth estate”, the global network says that cybersecurity falls outside the traditional borders of oversight, accountability and control, and therefore requires a new approach.
The organisation is calling on boards to consider placing cybersecurity as a specific accountability of one of the officers reporting to the board, to inform themselves of specific operational, reporting and compliance aspects of cybersecurity, and lastly to consider adding a member with some knowledge of information technology (including digitalization and cybersecurity).
In the second perspectives paper, Renewing the Board, GNDI advocates for a performance management approach to board renewal to create long-term value and argues that the board should disclose these policies and processes to its shareholders and other stakeholders to allow for better engagement with these groups. The paper also argues that boards should cast a wide net when adding or replacing a director and should consider the need for diversity of thought, skills and experience on the board when considering appointments.
The paper further highlights that while term limits can act as a backstop against excessive tenure length, they should not be the only renewal mechanism used by boards as they can have the effect of substituting for difficult conversations with underperforming directors or can lead to the replacement of effective directors.
The policy perspectives on cybersecurity and board renewal are available for download at www.gndi.org.
GNDI is an international network of 16 director institutes and was established in December 2012 to foster closer cooperation between its members, who are each recognized as the primary institute for directors and governance in their respective country.
The following organisations are members of GNDI:- Australian Institute of Company Directors (AICD)
- Brazilian Institute of Corporate Governance (IBGC)
- European Confederation of Directors Associations (ecoDa)
- GCC Board Directors Institute (BDI)
- The Hong Kong Institute of Directors (HKIoD)
- Institute of Corporate Directors (ICD), Canada
- Institute of Directors in New Zealand (IoDNZ)
- Institute of Directors in Southern Africa (IoDSA)
- Institute of Directors (IoD) in the United Kingdom
- Malaysian Alliance of Corporate Directors (MACD)
- Mauritius Institute of Directors (MIoD)
- National Association of Corporate Directors (NACD), United States.
- Pakistan Institute of Corporate Governance (PICG)
- Singapore Institute of Directors (SID)
- Swiss Institute of Directors (SIoD)
- Thai Institute of Directors (TIoD)
For further details please contact:
Maliha Aqeel, director of communications, Institute of Corporate Directors
+1 416 593 7741 ext. 229, maqeel@icd.ca
www.gndi.org -
Global director network issues principles of good governance
Media Release
Date: May 7, 2015
The Global Network of Director Institutes (GNDI), the international network of director institutes, has issued a new perspectives paper to guide boards in looking at governance beyond legislative mandates.
The Guiding Principles of Good Governance were developed by GNDI as part of its commitment to provide leadership on governance issues for directors of all organisations to achieve a positive impact.
“Good governance is a key element of creating value over the short, medium and long terms,” states Mr. Stan Magidson, chair of GNDI and president and CEO of the Institute of Corporate Directors in Canada.
“These Guiding Principles, although not prescriptive, are considered best practice for effective governance, and when applied will allow organisations to create or refine effective governance systems,” he explains.
Aimed at providing a framework of rules and recommendations, the 13 principles laid out in the guideline cover a broad range of governance-related topics including disclosure of practices, independent leadership and relationship with management, among others. The full principles can be found at www.gndi.org/papers.
“An international pool of governance experience has been brought into the development of these guiding principles,” said Mr. Magidson. “They represent the collective insight, expertise and judgment of leading directors from around the globe.”
GNDI is an international network of 15 director institutes and was established in December 2012 to foster closer cooperation between its members, who are each recognized as the primary institute for directors and governance in their respective country.
The following organizations are members of GNDI:
• Australian Institute of Company Directors (AICD)
• Brazilian Institute of Corporate Governance (IBGC)
• European Confederation of Directors Associations (ecoDa)
• GCC Board Directors Institute (BDI)
• Hong Kong Institute of Directors (HKIoD)
• Institute of Corporate Directors (ICD), Canada
• Institute of Directors in New Zealand (IoDNZ)
• Institute of Directors in Southern Africa (IoDSA)
• Institute of Directors (IoD) in the United Kingdom
• Malaysian Alliance of Corporate Directors (MACD)
• Mauritius Institute of Directors (MIoD)
• National Association of Corporate Directors (NACD), United States.
• Singapore Institute of Directors (SID)
• Swiss Institute of Directors (SIoD)
• Thai Institute of Directors (TIoD)
For further details please contact:
Maliha Aqeel, director of communications, Institute of Corporate Directors
+1 416 593 7741 ext. 229, maqeel@icd.ca
www.gndi.org -
Guiding Principles of Good Governance
May 6, 2015
The Global Network of Director Institutes (GNDI), founded in 2012, brings together member-based director associations from around the world with the aim of furthering good corporate governance. Together, the member institutes comprising the GNDI represent more than 100,000 directors from a wide range of organisations. This paper describes the global perspective of the GNDI on the guiding principles of good governance.
As a collective of the pre-eminent governance associations around the world, GNDI plays an important role in providing leadership on governance issues for directors of all organisations to achieve a positive impact for companies, the economy and society. These Guiding Principles have been developed as part of a commitment to this goal and to guide boards in good governance beyond legislative mandates.
-
GNDI broadens international network in Europe and the Gulf States
Media Release
Date: April 30, 2015The Global Network of Director Institutes (GNDI) has widened its membership to include director institutes from Switzerland and the Gulf Cooperation Council, reflecting the rapid growth of the organisation and its capacity to advocate on behalf of global directors.
The Swiss Institute of Directors (SIoD) and GCC Board Directors Institute (BDI) were invited to join the ranks of the global network, which already includes leading director associations from Australia, Brazil, Canada, Hong Kong, Malaysia, Mauritius, New Zealand, Singapore, Southern Africa, Thailand, United Kingdom, and the United States.
“The inclusion of the Swiss Institute of Directors and the GCC Board Directors Institute to the GNDI network further strengthens GNDI’s reach across international markets,” said Mr. Stan Magidson, chair of the GNDI and president and CEO of the Institute of Corporate Directors in Canada.
“The geographic growth also supports the role GNDI has assumed in keeping the global director community abreast of the latest thinking and developments in corporate governance,” Mr. Magidson added.
“The Swiss Institute of Directors is looking forward to a fruitful exchange and cooperation with the other director institutes,” said Dr. Martin Hilb, President of the Swiss Institute of Directors.
“We are honoured to join the GNDI network of leading director institutes from around the globe and to support its mission to enhance director capabilities in order to drive sustainable performance for the benefit of all stakeholders,” said Nathalie Potvin, Executive Director, GCC Board Directors Institute.
GNDI is an international network of 15 director institutes and was established in December 2012 to foster closer cooperation between its members, who are each recognized as the primary institute for directors and governance in their respective country.
The following organizations are members of GNDI:
• Australian Institute of Company Directors (AICD)
• Brazilian Institute of Corporate Governance (IBGC)
• GCC Board Directors Institute (BDI)
• European Confederation of Directors Associations (ecoDa)
• Hong Kong Institute of Directors (HKIoD)
• Institute of Corporate Directors (ICD), Canada
• Institute of Directors in New Zealand (IoDNZ)
• Institute of Directors in Southern Africa (IoDSA)
• Institute of Directors (IoD), United Kingdom
• Malaysian Alliance of Corporate Directors (MACD)
• Mauritius Institute of Directors (MIoD)
• National Association of Corporate Directors (NACD), United States
• Singapore Institute of Directors (SID)
• Swiss Institute of Directors (SIoD)
• Thai Institute of Directors (TIoD)For further details please contact:
Maliha Aqeel, director of communications, Institute of Corporate Directors
+1 416 593 7741 ext. 229 or +1 416 829 9808, maqeel@icd.ca