The Australian Institute of Company Directors provides leadership on director issues and promote excellence in governance to achieve a positive impact on the economy and society.
AICD has developed as an organisation recognised for quality and professionalism and aim to be recognised as:
- A key influencer in the creation of world-leading governance laws and practices in Australia;
- A key player in achieving world-leading performance of Australian boards and directors, including the application of governance principles.
The Australian Institute of Company Directors is committed to excellence in governance. They make a positive impact on society and the economy through governance education, director development, and advocacy. They have a membership of more than 40,000 includes directors and senior leaders from business, government and the not-for-profit sectors.
AICD is a national organisation with seven state and territory divisions. Their national Board, which consists of up to 12 directors. Their Board is comprised of not less than two and not more than four National directors, seven Division directors, and a Chief Executive Officer who may be appointed as a Director by the Board. The Board appoints the chair.
They have a national office in Sydney, Australia, offices in all Australian states, the ACT and representation in Darwin. Members are served by their state division and a state manager, and that office reports to the national office on the effective running of the division.
Each division has a Council of up to 10 representatives, with up to six councillors elected by members from that state and up to four appointed by the Council.
The national office is structured to support our state divisions. It delivers core education courses and events, develops policy on director issues, publishes Company Director magazine and good practice books for directors, and represents the views of members nationally.
The origins of the Australian Institute of Company Directors 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.
AICD is a founding member of the Global Director Development Circle, a group now known as the Global Network of Directors Institutes. Membership of GNDI provides us with a forum to demonstrate the leadership of Australian directors internationally, and to share expertise in corporate governance and professional director development. GNDI is comprised of membership organisations for directors from Australia, the UK, US, Canada, Malaysia, New Zealand, Brazil and South Africa.