Australian Institute of Company Directors

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Australian Institute of Company Directors

Abbreviation	AICD
Formation	1 January 1990; 31 years ago (1990-01-01)
Type	non-profit industry peak body
Headquarters	Sydney, Australia
Location	Sydney, Australia
Region	Australia
Services	professional directorship body
Key people	Angus Armour (CEO)
Staff	200+ and 45000+ Members
Website	aicd.companydirectors.com.au

Coordinates: 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 not-for-profit membership organisation 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.

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 organisations for directors from Australia, the UK, US, Canada, Malaysia, New Zealand, Brazil and South Africa.

Structure[]

AICD is a national organisation 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 Armour FAICD joined as Managing Director and Chief Executive Officer in August 2017.^[1]

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.^{[citation needed]}

Publications[]

AICD produces a range of publications on corporate governance and directorship.

References[]

External links[]

• Australian Institute of Company Directors
• Centre for Governance Excellence and Innovation
• Small business directors and financial reporting