Australian Institute of Company Directors

The Australian Institute of Company Directors (AICD) is a not-for-profit membership organisation for directors.

Australian Institute of Company Directors
AbbreviationAICD
Formation1 January 1990 (1990-01-01)
Typenon-profit industry peak body
HeadquartersSydney, Australia
Location
  • Sydney, Australia
Region
Australia
Servicesprofessional directorship body
Key people
Angus Armour (CEO)
Staff
200+ and 45000+ Members
Websiteaicd.companydirectors.com.au

The AICD is a founding member of the Global Network of Director Institutes (GNDI).

Vision
To strengthen society through world-class governance.
Mission
To be the independent and trusted voice of governance, building the capability of a community of leaders for the benefit of society.
What we do
The Australian Institute of Company Directors is committed to strengthening society through world-class governance. We aim to be the independent and trusted voice of governance, building the capability of a community of leaders for the benefit of society. Our membership of more than 45,000 includes directors and senior leaders from business, government and the not-for-profit sectors.

[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.

International associations
We are a founding member of the Global Director Development Circle, a group now known as the Global Network of Directors Institutes. Membership of GNDI provides us with a forum to demonstrate the leadership of Australian directors internationally, and to share expertise in corporate governance and professional director development. GNDI is composed of membership organisations for directors from Australia, the UK, US, Canada, Malaysia, New Zealand, Brazil and South Africa.


Presidents and chairs

  • 2018–present John Atkin FAICD[2]
  • 2015–2018 Elizabeth Proust AO FAICD
  • 2015-2015 Yasmin Allen FAICD
  • 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.[3]

It is a national organisation with seven state and territory divisions. The national governing board, consists of up to 12 directors: two to four national directors, seven division directors, and a chief executive officer who may be appointed as a director by the board. The board appoints the chair.

There is a national office in Sydney, Australia, offices in all Australian states and the ACT and representation in Darwin. Members are served by their state division and a state manager, and that office reports to the national office on the effective running of the division. Each division has a Council of up to 10 representatives, with up to six councillors elected by members from that state and up to four appointed by the Council.

The national office is structured to support the state divisions. It delivers core education courses and events, develops policy on director issues, publishes Company Director magazine and good practice books for directors, and represents the views of members nationally.

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) – List of Fellows of the Australian Institute of Company Directors
  • 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.

Our Range Of Face to Face & Online Programs & Tools

1. Courses For Directors (F2F & Online)
2. Online Education
3. eLearning
4. Webinars
5. Director Tools

Why learn with AICD?

1. Contemporary Content
Designed by expert educators with the input of experienced directors and subject matter experts, our courses offer contemporary content that is updated annually. Course materials include recent case studies and real-life examples to ensure relevancy for directors of today and tomorrow.

2. Expert Facilitators
Our course facilitators boast extensive real-world director experience and undergo a rigorous selection and development process to ensure they are equipped to create an interactive and engaging learning environment.

3. High-Calibre Participants
Connect with and learn from a diverse group of experienced senior executives and directors who are passionate about improving their impact and leadership in the boardroom and the performance of their business.

4. Widely Recognised
By undertaking one of our highly regarded programs you are demonstrating your commitment to good governance and can earn the widely recognised post nominals that associate you with Australia's leading organisation for directors.

AICD publishes online books to read in PDF format every month for our members and non-members who want to enhance their knowledge. Access these books from AICD Online Bookstore

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
  1. National Association of Corporate Directors, NACD. "NACD and eight other leading corporate director membership organizations form GNDI". NASDAQ.
  2. https://aicd.companydirectors.com.au/membership/company-director-magazine/2018-back-editions/december/proust-atkin
  3. Simons, Carissa. "Angus Armour appointed AICD Managing Director & CEO". AICD media release.
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