Governance Training and Research

As part of its advocacy to raise the bar for corporate governance and professionalize the practice of corporate directorship in the Philippines, ICD has been offering its Corporate Governance Orientation Program (CGOP) and the Professional Directors Program (PDP) to the public on a quarterly basis since 2004.

  • The discussions and structured learning in the CGOP examines the responsibilities of directors and the collective role of the board. It also provides practical tools to make the board work more effectively. Designed to familiarize directors and top management with corporate governance in the Philippine setting, this course focuses on the principles of good governance, best practices for boards, and finance. An additional half-day session on audit, risk, and governance committees is offered to professionals who work in the banking or financial sector.

  • The PDP is an intensive five-day course which consists of the CGOP and four whole day interactive sessions on strategy, policy, monitoring and accountability. ICD seeks to train and produce corporate directors who are committed to enhancing the long-term value of the corporation they serve through the observance of corporate governance principles, ethics and social responsibility.

In recent years, however, the scope of these traditional courses have been insufficient to address the needs of the market. The practice of corporate directorship has become more complicated given the increase in regulatory requirements as well as the increasing demands of local and foreign investors for greater accountability and transparency. The Governance Training and Research program aims to:

  • enhance the content and delivery of existing ICD courses through research that will update the materials used in the CGOP and PDP;

  • add new courses on specialized board topics and special sectors (i.e. rural banks), etc.;

  • expand coverage of courses to major cities beyond Manila such as Cebu and Davao to reach underserved markets in the Visayas and Mindanao;

  • build an online resource center for governance studies and materials; and

  • provide subsidies for directors of organizations at the grassroots level of the economy such as small and medium enterprises, cooperatives and rural banks.

By 2015, ICD seeks to accomplish the following:

  • Add at least five new courses for directors with the requisite training books, cases and/or training materials;

  • Establish an online governance resource center;

  • Create the capability for distance learning for some or all of its courses or materials via the worldwide web;

  • Form a research team that will develop and update content for its courses as well as enter into alliances with overseas institutes of directors; and

  • Train lecturers and facilitators from its Fellows abroad to ensure that ICD is abreast of the latest global developments in governance.