President's Corner

Dear ICD  Fellows-

Although only two months of 2014 have passed, ICD has already held several notable events:

  • In January, we held our first Breakfast Roundtable of the year where Dr. Jess Estanislao gave his traditional address outlining the governance challenges and opportunities facing ICD for the year. The event was specially noteworthy because it marked the first time that an ICD event was broadcast on the Web via Livestream thus broadening the potential participation of Fellows especially those based outside of Metro Manila;


  • We launched our Distinguished Corporate Governance Speaker Seminar Series (DCGSSS) in February where Keith Darcy, former head of the Ethics and Compliance Officers Association, and Professor Nuria Chinchilla of the IESE School of Business (whose visit to the Philippines was made possible by Gigi Zulueta) spoke before an audience of Fellows and directors/key officers of publicly-listed companies on the latest trends in the field of corporate governance in their respective countries. The DCGSSS also qualified participants for compliance with the requirements of SEC Circular No. 20 which mandates that directors and senior management of all publicly-listed companies should attend a corporate governance seminar of an accredited training provider at least once a year;


  • Gigi Zulueta also arranged for Professor Ahmad Rahnema Alavi, the Director of the Financial Management Department of the IESE School of Business, to conduct a course in Financial Intelligence: Finance for Decision Makers for ICD;


  • We held the year's first Wine and Wind-Down on February 18 where Brett Clapp of FTI Consulting spoke about the USD65 Billion Bernie Madoff Ponzi scheme. We also inducted 3 new Fellows during the activity.


All of these events were held at no cost to our Fellows. Many more activities are planned in the months ahead. Among others, these include our Annual Dinner, further sessions of the DCGSSS, a Sustainability Forum and our Annual Working Session which will continue to focus on the implementation of the ASEAN Corporate Governance Scorecard. The ICD staff are working hard to ensure that we will be able to provide Fellows with quality events at minimal or no cost. This is in addition to the regular services that we provide such as postings for directorships and consultancies.

In this regard, I would like to remind everyone to pay their 2014 dues as soon as possible. Your dues are an important source of funding for ICD that not only provide our Fellows with quality events and services but more importantly help us promote our advocacies of good governance and professional corporate directorship. Allies with your continued volunteerism, we can accomplish our vision of raising the standards of good corporate governance in the Philippines and in Asia.

Maraming Salamat at mabuhay ang ICD!


Ricardo Nicanor N. Jacinto

President and CEO