What is coporate governance
What Is Corporate Governance?

Corporate Governance is the work done by a company's board of directors acting collegially.

Good corporate governance is critical to a country's global competitiveness and has been shown to have a direct correlation with corporate profitability and growth. Government and regulators require it. Companies of all sizes need it.

Good corporate governance protects and balances all stakeholder interests, strengthens business relationships, increases access to external financing, and leads to better operational performance.

It is through good governance that sustained returns and increased value can be delivered to the shareholders of a business, which in turn can help attract investment.

Good corporate governance is about doing what's right, and doing it well.

What we do 2
What We Do
We Publish

ICD is recognized as a national and international resource for corporate governance. The institute promotes its advocacies through the following publications:

  • Position Papers
  • Director Surveys
  • Director Handbooks
  • Corporate Governance Cases

ICD is a member of the Global Network of Director Institutes (GNDI). It has established relations with key foreign entities involved in corporate governance such as the Organisation for Economic Co-operation and Development (OECD), the Asian Development Bank, the International Finance Corporation and the ASEAN Capital Markets Forum.

We Educate

ICD offers corporate governance learning solutions specifically for board members and key executives. Through customized in-depth lectures, case studies and structured learning experiences facilitated by faculty recognized for their expertise, ICD’s seminars aim to professionalize the practice of corporate directorship – helping directors make the leap from compliance to performance.

  • Corporate Governance Orientation Program
  • Professional Directors Program
  • Distinguished Corporate Governance Speaker Series
  • Advanced Corporate Governance Training Program
  • Corporate Secretary as Corporate Governance Professional Program
  • Enhancing Audit Committee Effectiveness
  • Business Integrity Workshop
  • Family Business Governance Workshop
  • Board Strategy for Directors
  • Strategy Execution Pathway (Essentials and Masters) Workshops

ICD is the only entity in the Philippines accredited as a corporate governance training body by the Securities and Exchange Commission, the Insurance Commission, Bangko Sentral ng Pilipinas and the Governance Commission for Government-Owned or -Controlled Corporations. ICD also organizes good governance fora and recognition events, the most recent of which are the ASEAN Corporate Governance Conference and Awards and the 2016 Investors’ Forum.

We Empower

With the wealth of board directorship experience of its Teaching Fellows and facilitators, ICD can optimize boards’ performance to deliver maximum value for a company’s stakeholders.

Board Services

ICD’s board services team provides companies with the necessary tools to implement the principles of good governance and strategy execution. These interventions bridge learning from the corporate governance courses, the sharing of standards of the Corporate Governance Scorecard, and the practices, strategies and tactics implemented within the organization.

    Strategy Execution Pathway Corporate Board Retreats

    StEP is a two-part program that helps organizations improve in both strategy design and systematic execution. Companies are assisted to revitalize their Vision, Mission and Core Values, and to develop their own Strategy Map and Balanced Scorecard. This comes with coaching on the alignment, discipline, and engagement for sustained performance results.


    Board Design and Board Protocol

    ICD assists companies in building a professional board along with a working outline on specific board duties and expectations as a collegial body, as working committees, and as individual board members.


    Board Director Sourcing

    ICD can recommend qualified and professionally-trained directors for companies seeking viable candidates to fill board vacancies from its pool of over 300 Fellows and Graduate Members.


    Board Evaluation

    ICD offers third party assessment of the Board’s effectiveness based on the structure, processes, strategy role, and overall performance.



    Corporate Governance Analytics

    ICD conducts qualitative reviews for companies to assess their governance policies and framework and compare these to global best practices. These reviews help family businesses as well as established corporations, set strong foundations for sustainable growth by allowing them to identify areas of improvement and ways and means to enhance their corporate governance policies and procedures.

    ICD’s Corporate Governance Health Check is based on the ASEAN Corporate Governance Scorecard (ACGS) which measures the following:

    • Rights of shareholders
    • Equitable treatment of shareholders
    • Role of stakeholders in corporate governance
    • Disclosure and transparency
    • Responsibilities of the board

    ICD was appointed by the Securities and Exchange Commission to serve as the domestic ranking body of the ASEAN Corporate Governance Scorecard. This distinction allows ICD to measure Philippine PLC’s (publicly listed companies) adherence to corporate governance best practices.


    We Engage

    ICD is a learned society of over 300 professional directors practicing good ethics, with a shared vision and a commitment to social responsibility. As a Fellow, Graduate Member or Associate, you can –

    • enjoy monthly continuous learning, networking and fellowship events;
    • support the good governance advocacy by contributing to ICD publications, position papers and policy proposals;
    • affix the post-nominal FICD (Fellow), GICD (Graduate member) or AICD (Associate) after your name;
    • be recommended by ICD to corporate boards (subject to the fit between professional qualifications and requirements of the corporation).
    What we do
    Who We Are

    The Institute of Corporate Directors (ICD) is a non-stock, not-for-profit organization dedicated to professionalizing corporate directorship and raising the corporate governance standards of the Philippines. The institute was established in 1999 by Chairman Emeritus Dr. Jesus P. Estanislao in the aftermath of the Asian financial crisis, to establish and promote higher corporate governance standards in the Philippines. ICD is part of the Centers for Excellence in Governance (CEG).

    Our Mission

    ICD will promote the advocacy of good governance in the corporate sector.

    Our Vision

    By 2024, ICD, an institute made up of committed Fellows championing positive change in the corporate governance ecosystem for inclusive development, will be one of the leading institutes of directors in Asia.

    Our values

    Social Responsibility

    Patriotism Independence

    Excellence

    Solidarity

    Ethics

    Board of Trustees
    FRANK D. NUMANN
    Independent Governance & Anti Bribery Consultant
    N/A
    ATTY. FE B. BARIN
    Executive Vice-President
    MANILA BULLETIN PUBLISHING CO.
    ATTY. PEDRO H. MANIEGO, JR.
    Chairman
    UP ENGINEERING RESEARCH AND DEVELOPMENT FOUNDATION INC.
    ATTY. TEODORO KALAW IV
    Partner
    KALAW SY SELVA & CAMPOS LAW FIRM
    BIENVENIDO S. BAUTISTA
    Trustee
    INSTITUTE OF CORPORATE DIRECTORS
    DR. JESUS P. ESTANISLAO
    Founder And Chairman Emeritus
    INSTITUTE OF CORPORATE DIRECTORS
    EDUARDO V. FRANCISCO
    President And Director
    BDO Capital & Investment Corporation
    FRANCISCO C. EIZMENDI, JR.
    President
    INSTITUTE FOR SOLIDARITY IN ASIA
    FRANCIS G. ESTRADA
    Chairman
    INSTITUTE OF CORPORATE DIRECTORS
    REX C. DRILON II
    Vice Chairman
    INSTITUTE OF CORPORATE DIRECTORS
    ROBERTO G. MANABAT
    Chairman & CEO
    KPMG R. G. MANABAT & CO.
    SHERISA P. NUESA
    President And Director
    ALFM MUTUAL FUNDS GROUP
    MS. IDA CENIZA - TIONGSON
    President and Excom Member
    oPAL PORTFOLIO INVESTMENTS (SPV-AMC), INC.
    DR. ALFREDO E. PASCUAL
    Chief Executive Officer
    Management Team
    Img 6838 icd mancom feb. 2018

    Standing from Left:  Roberto Bascon, Jr. Director for CG Analytics, Merriam Joyce Lugtu-Delim, Chief Finance Officer, Sisenando Bengzon, Chief Operating Officer.  Seated from Left:   Mirasol Ramos-Quema, Director for Marketing and Sales, Michelle Dee, Director Fellows Relations and Resource Mobilization, Dr. Alfredo E. Pascual, Chief Executive Officer, Regine Esguerra- Cinco, Team Leader for Research and Publications, Mary Rose Juliet Anatalio, Director for Board Services