Stan Magidson appointed chair of global director network
09 December 2014
Stan Magidson has been
appointed chair of the Global Network of Director Institutes (GNDI), effective from
December 12, 2014, as part of a formal rotation policy for GNDI’s chairmanship
Mr Magidson, whose
appointment was unanimous, is also chief executive officer of the Institute of
Corporate Directors in Canada. He replaces the inaugural GNDI chair and chief
executive officer of the Australian Institute of Company Directors, John
"It is a privilege to
lead the GNDI as it moves into the next phase of its growth. It is our ambition
to become an even more respected participant in international debates that
impact both directors and the organisations they govern,” Mr Magidson said.
The Institute of
Corporate Directors in Canada will also take over responsibility for the GNDI
secretariat from the Australian Institute of Company Directors as part of the
GNDI is an international
network of 13 director institutes and was established in December 2012 to
foster closer cooperation between its members, who are each recognised as the
primary institute for directors and governance in their respective country.
It represents more than
100,000 directors from around the world, following the addition this year of
new member institutes from Hong Kong, Singapore and Mauritius. Further members
are expected to join soon.
"In today’s globalised marketplace, it is essential
that directors work together to ensure the best policy and legislative outcomes
for their respective organisations,” Mr Magidson said.
In its short life, GNDI
has made important contributions to global discussions around boardroom
diversity, audit quality and shareholder communications.
"GNDI’s success since
its inception reflects the important role that directors play in the global economy. I look forward to watching
it progress under both the ICD and Stan’s capable leadership,” Mr Colvin said.
Mr Magidson was formerly
deputy chair of GNDI, a position that will now be held by Simon Walker of the Institute
of Directors in the United Kingdom.
organisations are members of GNDI:
- Australian Institute of Company Directors (AICD)
- Brazilian Institute of Corporate Governance (IBGC)
- European Confederation of Directors Associations
- Hong Kong
Institute of Directors (HKIoD)
- Institute of Corporate Directors (ICD) in Canada
- Institute of Directors in New Zealand (IoDNZ)
- Institute of Directors in Southern Africa (IoDSA)
- Institute of Directors (IoD) in the United Kingdom
- Malaysian Alliance of Corporate Directors (MACD)
- Mauritius Institute of Directors (MIoD)
- National Association of Corporate Directors (NACD)
in the United States.
Institute of Directors (SID)
- Thai Institute of Directors (TIoD)