Australian Institute of Company Directors
 | |
| Abbreviation | AICD |
|---|---|
| Formation | January 1, 1990 |
| Type | non profit industry peak body |
| Headquarters | Sydney, Australia |
| Location |
|
Region | Australia |
| Services | professional directorship body |
| Website |
aicd |
Coordinates: 33°52′08″S 151°12′35″E / 33.868989°S 151.209631°EThe Australian Institute of Company Directors (AICD) is a not-for-profit membership organisation for directors.
The AICD is a founding member of the Global Network of Director Institutes (GNDI).[1]
History
The origins of the AICD can be traced back to the United Kingdom’s Institute of Directors (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.
Presidents and chairs
- 2015-present Elizabeth Proust AO FAICD
- 2015-2015 Yasmin Allen FAICD (Acting Chair)
- 2013–2015 Michael Smith FAICD
- 2012-2013 James Strong AO FAICD
- 2010-2012 Richard Lee FAICD
- 2007-2009 John Story FAICD
- 2004-2006 Donald Mercer FAICD
- 2001-2003 Elizabeth Alexander AM FAICD
- 1998-2000 Richard Warburton AO FAICD
- 1997 John Ralph FAICDLife
- 1996 Richard Fidock AO FAICDLife
- 1993-1995 Sir Bruce Watson AC FAICDLife
- 1990-1992 Sir Eric Neal AC CVO FAICDLife
Structure
AICD has seven state divisions and an international business unit. The AICD board of directors consists of four national directors, seven divisional representatives and the MD and CEO. Angus Armour FAICD joined the AICD as Managing Director and Chief Executive Officer in August 2017.[2]
Membership
Membership of the AICD includes access to a professional network, events, professional development and a voice on policy issues. There are six categories of membership:
- Affiliate (AAICD)
- Member (MAICD)
- Graduate member (GAICD)
- Fellow (FAICD)
- Life fellow (FAICD(Life))
- International
Members require at least two years’ experience as either:
- A director or alternate director of a company
- A senior executive with managerial responsibilities equivalent to those of an executive director
- A partner or sole proprietor of a professional practice or unincorporated business
- A member of local Boards of Advice of companies
- Academic personnel at the level of, or equivalent to, professor, or
- A senior person with professional qualifications employed by a body corporate
Entry to the category of Affiliate (AAICD) is appropriate for anyone who:
- Does not meet the extended requirements for becoming a Member (MAICD)
- Is a full-time student at an Australian Tertiary Education Institution, or has a general interest in the AICD’s work
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. (Reference needed).
Publications
AICD produces a range of publications on corporate governance and directorship.
References
- ↑ National Association of Corporate Directors, NACD. "NACD and eight other leading corporate director membership organizations form GNDI". NASDAQ.
- ↑ Simons, Carissa. "Angus Armour appointed AICD Managing Director & CEO". AICD media release.