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, [email protected]
www.gndi.org
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, [email protected]
www.gndi.org