Institute of Corporate Directors announces new flat-fee membership categories for boards across Canada

The Institute of Corporate Directors (ICD) recently revised its membership categories, adding a new membership pricing structure for boards at the ICD. After careful consideration and due diligence, the ICD is also phasing out the Corporate membership category, and will be offering members their choice of Individual or Board memberships moving forward.

Full boards can now join for a single flat fee

Board Sector Pricing moves boards to a flat fee from a per-member pricing structure, and is designed to help full boards reap the benefits of ICD membership, while adding more value in the process. Board-level fees are based on a company’s sector and annual revenues. Click here for more details.

New Features of Board Membership in the ICD (in addition to Individual Membership benefits below):

• Boards can sign up as many as 15 board members for a single fee, including their CEO, CFO and Corporate Secretary. Additional board members can join for a modest incremental fee.
• Board members applying to the Directors Education Program will have the $500 application fee waived.
• Board members taking the Governance Essentials Program for Directors of Not-for-profit Organizations are eligible for a 10% discount on the program fee.

The ICD’s goal is to make it easier for all of an organization’s board members to enjoy the many benefits of ICD membership, including the new education program incentives that reinforce our belief that educated directors make better directors!

Individual membership continues to offer new benefits to members

Individuals wishing to join the ICD can continue to do so, and will continue to enjoy benefits including:

• Access to Canada's leading director education programs, to help prepare you for the challenges of the country’s top boardrooms, and make you more valuable to the people that fill them!
• The opportunity to earn the prestigious ICD.D designation for professional directors.
• Access to professional development events to stay current on best practices, issues and trends.
• Access to an array of print and online tools and resources to help support your work as a director.
• Access to the ICD Directors Register, matching candidate qualifications with specific criteria determined by organizations looking for new board members.