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ISSUE 33    DECEMBER 2006
ICD Newsletter: www.icd.ca
In this issue
National | British Columbia
Edmonton | Ontario
Quebec | Partner Events

» In their own words...
Notes from Peter Watson, ICD Edmonton Chair and participant at the first Directors Education Program offered in Edmonton
MORE »
» Currently accepting applications for DEP, FLP & GEP programs MORE »

Spotlight on Certification
Did You Know?
More than 475 DEP graduates have earned the ICD.D professional designation which is recognized both nationally and internationally.

To learn more about the ICD.D designation, please visit www.icd.ca/about/
certification.aspx
to review eligibility, sample questions and examination dates. Or contact 416-593-7741 x 222 or email certification@icd.ca for more information.

'
I am always ready to learn
although I do not always like being taught. '
- Winston Churchill

Bev Topping
message from our President


Dear ICD Member,

2006 has been another successful year at the ICD and as it comes to a close I take this opportunity to thank all our members across the country for their continued contributions to the Institute of Corporate Directors.

In particular, I’d like to take this opportunity to thank everyone that has attended and contributed to our Chapter events over the year and in particular our recent Blue Ribbon Commission Roundtable events across the country.

The ICD Blue Ribbon Commission is a milestone for the Institute of Corporate Directors as it is the first time we have embarked on a research paper of this magnitude. At this point the ICD Blue Ribbon Commission green paper represents the views of the researchers and not necessarily those of the ICD or the commission sponsors. The Roundtables are an important step to get public reaction and input. Reactions and comments submitted will be taken into consideration for writing the white paper which is due for publication in the first quarter of 2007.

The Institute of Corporate Directors would like to wish everyone a safe and happy holiday season and good health in the upcoming year.

Sincerely,
Bev Topping, ICD.D
President and CEO
Institute of Corporate Directors


eyes on events

national events
Thursday, May 31, 2007 (Toronto)
10th Annual Fellowship Awards Gala
Mark your Calendars!


British Columbia chapter
Mark your Calendars
B.C Directors Breakfast Series

Tuesday, January16, 2007
Tuesday, February 20, 2007


Edmonton chapter
Thursday, January 11, 2007
Separation of the Roles of The Board and Management
details | registration info


Ontario chapter
Mark your Calendars

Thursday, January 25, 2007
The increasing role of private equity funds in corporate governance

Wednesday, February 21, 2007
Crown Corporation Governance


Quebec chapter
Thursday, February 15, 2007
La Diversité au sein des conseils d’administration/Board Diversity
details | online registration

Thursday, April 12, 2007
Gestion de l'information et risques pour les administrateurs / Information management and potential risks for directors
details | online registration

May 10, 2007
Le rôle et les défis du président du conseil d'administration et son interaction avec les autres administrateurs / The role and challenges of the chairman of the board and his interaction with the other directors
details | online registration


Partner Events
Deloitte
Preparing for year-end audit committee meetings
Wednesday, January 10, 2007
more information (pdf)

Thursday January 25, 2006
L'excellence en gouvernance d’entreprise
KORN/FERRY et MAGAZINE COMMERCE

more information (pdf)

Wednesday February 7, 2006
The Conference Board of Canada/Spencer Stuart
2007 National Awards in Governance

Thursday February 8, 2007
The Conference Board of Canada/Spencer Stuart
2007 National Governance Conference: Innovation to Drive Performance
more information


eyes on certification

Maintaining the Institute’s certification, ICD.D, is an ongoing process. Institute-certified Directors have undertaken director education, subsequent peer certification by members and examiners of the Institute and have agreed to a minimum of 14 hours of continuing director education annually.

DEP Graduates: For more information on how to certify, click here.

ICD.Ds: For more information on continuing education opportunities, please refer to our events section in this e-newsletter. Click here for FAQs on how to get credit for your continuing education units.


eyes on education

In their own words...
(Notes from Peter Watson, ICD Edmonton Chair and participant at the first Directors Education Program offered in Edmonton)

Back to School may be an annual routine for our children and grandchildren - but for my classmates and I, who form the inaugural class of the ICD Directors Education Program in Edmonton, it is obviously less frequent, but admittedly more special. While most of us faithfully complete our annual continuing education requirements in order to maintain professional qualifications, attendance at four, intense three-full-day modules is a rare privilege.

The first module of the DEP, held at the University of Alberta School of Business, was completed in early November this year, and the roster comprised twenty-five experienced board members, CEOs and senior advisors to boards of directors, from Alberta, Manitoba and Quebec. The high-calibre mix of professors (two each from the University of Alberta School of Business and the University of Toronto’s Rotman School of Management) and ICD Executives-in-Residence, created an unmistakable and refreshing synergy.

In Guiding Strategic Direction and Risks, this first of four modules looked at how to define and set strategies, followed by an analysis and discussion on their associated risks, and finally, on decision making processes to bring them to life. The teaching model is straight-forward and effective: Our professors set out the relevant academic theories and had us apply those theories to case studies. This amounted to letting us test the theories by bringing our own experience to bear on the cases.

Throughout the module, I couldn’t help but recall how similar this experience was to my Executive Management program at the Harvard Graduate School of Business. Then, as now, and right here in Edmonton, I was delighted to see how different people could read the same case study and propose such a variety of credible solutions. In my view, the Directors Education Program uses this approach wisely and effectively - and what a wonderful consequence to broaden your mind in this way.

By the end of the first module, the energy around the room said nothing if it did not make us all look forward to the next three; namely Financial Strategy, Risks & Disclosure; Guiding Human Performances and Enterprise Risk, and Directing Extreme and Unique Events (e.g.: M&A, Technology, Operations and other crises).

Peter D. Watson
Corporate Director and Chair, ICD Edmonton Chapter


We are currently accepting applications for the following programs:
Directors Education Program (DEP)

Program Program Start Application Deadline
Vancouver DEP 4 March 30, 2007 February 1, 2007
Toronto DEP 17 June 11, 2007 February 1, 2007
This 12-day program has a rigorous and practical curriculum that teaches directors about current best practices in corporate governance. The cost of the Directors Education Program is $12,000.00 plus GST for four, three-day modules over an 8 month period, plus ICD membership if you are not already a member. Program Fee includes tuition, all program reading materials and meals. A program fee reduction of $500.00 is available for current ICD members, at the time of their application submission, and for management and commerce alumni of our partner universities.

Financial Literacy for Directors and Executives (FLP)
Program Program Dates
Vancouver FLP February 22-23, 2007
Toronto FLP March 2-4, 2007
This program has been designed to provide directors and senior executives with the fundamentals of financial statements and corporate reporting so that they can operate confidently in the boardroom. ICD members receive a 20% discount and for Institute-certified directors (ICD.Ds), this course accounts for 14 hours of your annual continuing education requirement.

Governance Essentials Program: for Directors of Not-for-Profit Organizations (GEP)
Program Program Dates
Toronto GEP 2 January 21-23, 2007
Calgary GEP 2 March 4-6, 2007
Edmonton GEP 2 May 14-16, 2007
Ottawa GEP 2 June 24 - 26, 2007
This 3 day-program focuses on the fundamental role of board members, the conceptual thinking and communication, and the change management principles needed to build an effective board and ‘best practices’ for non-profit governance. The cost of the Governance Essentials Program is $2,250.00 plus GST and includes tuition, all program reading materials and meals. For Institute-certified directors (ICD.Ds), this course accounts for all 14 hours of your annual continuing education requirement. A limited number of TELUS Scholarships valued at $1000.00 are also availble for each program offering.

To learn more about the ICD’s Education Programs, please visit www.icd.ca and click on the EDUCATION tab.


links on governance

Reports:
» 102 Corporate Governance & Cross Border Compliance - What Applies to Your Company? Association of Corporate Counsel MORE »
» Report on Compensation - Canadian Coalition for Good Governance Report:
MORE »
News articles:
» Board Games - Globe and Mail MORE »
» Board processes and the quality of board decision making MORE »
» The Board Report - Canadian Business MORE »
» Business Wins Easing of a Sarbanes-Oxley Rule MORE »
» Corporate governance report cards prove tricky MORE »
» Critical Mass on Corporate Boards: Why Three or More Women Enhance Governance MORE »
» Ethics and Compliance Officers Need a Seat at the Executive and Board Tables: Conference Board MORE »
» Investors push Canadian firms on carbon disclosure MORE »
» Polluting firms could face suits MORE »
» Public ownership takes another body blow: Now even chief executive officers don't want to sit on corporate boards - Forbes.com MORE »
» Shareholders are using their votes to address governance and social issues
MORE »
» Support Grows for Social Proposals MORE »
Seminars, workshops & conferences:
» Ethics and Compliance Conference - The Conference Board
San Diego, March 2007
MORE »
The Institute of Corporate Directors 40 University Ave. Suite 602, Toronto ON M5J 1T1
T: (416) 593-7741 F: (416) 593-0636 E: admin@icd.ca


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