The Institute of Corporate Directors awards
scholarships valued at $160,000 to promote access and diversity in
director education
TORONTO, July 12 – The Institute of
Corporate Directors (ICD) successfully launched the inaugural ICD
Diversity Scholarships for individuals applying to its flagship
ICD-Rotman Directors Education Program (DEP).
The ICD, a member-based association representing
Canadian directors and boards, awarded 10 scholarships, valued at
$16,000 each, to highly-qualified candidates chosen by its Education and
Certification Committee comprised of senior board directors and
corporate governance experts. More than 40 applications were received
from across the country from individuals of diverse backgrounds and
financial need.
The scholarships will enable the recipients to
participate in the DEP, an interactive 12-day course designed to build
and enhance the competencies deemed necessary to be an effective
director. The program, jointly developed by the ICD and the Rotman
School of Management, is offered at leading business schools across
Canada in Vancouver, Calgary, Edmonton, Toronto and Montreal.
“The ICD established this scholarship
program because we believe that all qualified individuals should have
access to director education and that diversity in the classroom adds
value to the learning experience of those who participate in our
programs,” says Stan Magidson, President and CEO of the ICD.
“We were very pleased with the response and quality of the
applications. Through this initiative, the successful candidates will
receive the financial assistance needed to access director education at
the highest level in order to advance their effectiveness in
Canada’s boardrooms.”
In order to be eligible for an ICD Diversity
Scholarship, applicants must:
- Attest to being from an under-represented group,
defined as women, Aboriginal and Indigenous Peoples, visible minorities
and under-represented immigrant communities;
- Attest to having a financial need. Applicants
must demonstrate that they have already sought funding for the DEP
through their employer and/or their board without success and explain
why funding cannot be provided through their personal resources;
and
- Meet the admission requirements of the DEP.
Preference will be given to those with the most experience in relation
to the DEP admission guidelines.
About the Institute of Corporate
Directors
The Institute of Corporate Directors (ICD) is a not-for-profit,
member-based association representing Canadian directors and boards
across the for-profit, not-for-profit, and government sectors. With more
than 5,000 members and a network of nine chapters, the ICD promotes the
effectiveness of directors by providing quality director education and
professional certification; opportunities for continuous learning and
networking through local chapter events; board matching and referral
service; and access to timely information on current and emerging
governance issues and best practices.
For more information:
Carolyn Thrasher, Manager, Marketing Communications at (416)
593-7741, ext. 229 or cthrasher@icd.ca or www.icd.ca/dep
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