The Australian Institute of Company Directors (AICD) is a non-profit membership organization for directors. The AICD is a founding member of the Global Network of Director Institutes (GNDI).

History

The origins of the AICD can be traced back to the United Kingdom's

Institute of Directors The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and incor ...

(IoD), formed by royal charter in 1906. Branches of the IoD appeared in the Australian states in the 1960s. These branches were amalgamated in January 1971 under the Institute of Directors in Australia, an autonomous body affiliated with the IoD in the United Kingdom. The challenge of servicing state branches saw the emergence of the Company Directors Association of Australia in 1982. The two bodies merged on 1 January 1990 to form the Australian Institute of Company Directors.

International associations

AICD is a founding member of the Global Director Development Circle, now known as the Global Network of Directors Institutes. GNDI is composed of membership organizations for directors from Australia, the UK, US, Canada, Malaysia, New Zealand, Brazil and South Africa.

Structure

AICD is a national organization with seven state and territory divisions and an international business unit. The

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...

consists of four national directors, seven divisional representatives and the MD and CEO. Angus Armor FAICD joined as managing director and chief executive officer in August 2017.

Membership

There are six categories of membership: *Affiliate (AAICD) *Member (MAICD) *Graduate member (GAICD) *Fellow (FAICD) – List of Fellows of the Australian Institute of Company Directors *Life fellow (FAICD(Life)) *International

Education

AICD courses provide access to professional development opportunities for those interested in directorship and governance.

Advocacy

The AICD advocates policies on issues of interest to directors and represent members on these issues. AICD engages with legislators, regulators and other stakeholder groups on issues affecting directors and boards. AICD engages with legislators, regulators and other stakeholder groups on issues affecting directors and boards.

Publications

AICD produces a range of publications on

corporate governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions ...

and directorship, including freely available resources to support governance in

nonprofit organisation A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

References

External links

Australian Institute of Company DirectorsCentre for Governance Excellence and InnovationSmall business directors and financial reporting
{{Authority control Corporate governance in Australia Organizations established in 1990 1990 establishments in Australia Professional associations based in Australia Institute of Directors