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| Abbreviation | AICD |
|---|---|
| Formation | 1 January 1990; 34 years ago (1990-01-01) |
| Type | non-profit industry peak body |
| Headquarters | Sydney, Australia |
| Location |
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| Region | Australia |
| Services | professional directorship body |
| Key people | Mark Rigotti (CEO) |
| Staff | 300+ and 53,000+ Members |
| Website | aicd |
33°52′08″S 151°12′35″E / 33.868989°S 151.209631°E / -33.868989; 151.209631The 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 (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.
In 2022, an AICD seminar on cybersecurity was crashed by hackers.
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 member organizations for directors from Australia, the UK, the 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 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
In 2022, AICD announced they would support the Indigenous Voice to Parliament.
Publications
AICD produces a range of publications on corporate governance and directorship, including freely available resources to support governance in nonprofit organisations.
References
- "Hackers suspected as AICD aborts cyber security seminar". The West Australian. 24 October 2022. Retrieved 20 July 2023.
- Simons, Carissa. "Angus Armour appointed AICD Managing Director & CEO". AICD media release.
- "What it's really like at the Australian Institute of Directors' director school". Australian Financial Review. 7 March 2017. Retrieved 5 February 2024.
- "AICD throws its weight behind the Voice to Parliament". The Australian. 23 December 2022. Retrieved 20 July 2023.
External links
- Australian Institute of Company Directors
- Centre for Governance Excellence and Innovation
- Small business directors and financial reporting