What are our priority areas?

Our response to recent challenges emphasises our commitment to strong governance frameworks and the rule of law. We are a champion of these strengths and fundamental principles. At the same time as we focus on the changes we all need to support a respected, trusted and capable director community.
The forward governance agenda

Directors’ duties

The AICD supports the current formulation of directors’ duties. We will lead a conversation in the director community and with stakeholders to test the understanding and application of the best interests’ duty in practice. We need to determine what elements and approaches make practice ‘fit for purpose’.
The forward governance agenda

Enhancing accountability

We will consult with stakeholders and practicing directors on proposals to enhance accountability including alternative models and ideas e.g. annual director elections, guidance on ‘over-boarding’
The forward governance agenda

Standards and professionalism

We will strengthen our Member Code of Conduct and clarify its application. We need to be clearer about the expectations of membership. We will update our Professional Development framework so that it reflects the standards of practice and ethics our members expect.
The forward governance agenda

Culture and remuneration

Ethical decision making sits at the heart of director practice. Boards must set the tone that misconduct is dealt with swiftly and visibly. We will take the lessons of the Hayne Commission and other inquiries into good practice principles for governance of culture and remuneration.

Our Chair John Atkin FAICD and MD & CEO Angus Armour FAICD announced our forward governance agenda at the Australian Governance Summit in March.