SOURCE: Institute of Corporate Directors

July 03, 2013 07:00 ET

The ICD Awards More Than $180,000 to Promote Access and Diversity in Education Through Its 2013 DEP Diversity Scholarships

TORONTO--(Marketwired - Jul 3, 2013) - The Institute of Corporate Directors (ICD) has awarded 11 scholarships, valued at $181,500 to individuals applying to its flagship ICD-Rotman Directors Education Program (DEP). Since establishing the scholarship in 2011, the ICD has supported more than 30 individuals and invested more than $500,000.

"This is a significant and tangible investment that the ICD views as vital to ensuring that diverse and qualified candidates have the means to further develop their skills as effective directors," says Stan Magidson, ICD President and CEO. "The ICD believes that all qualified individuals should have access to director education and aims to foster diversity in its classrooms across the country."

The ICD, a member-based association representing Canadian directors and boards, firmly believes that greater board diversity, defined as gender, ethnicity, age, business experience, and geographic background, can contribute to better corporate governance.

This year's recipients were selected from more than 40 applicants from across the country of diverse backgrounds and financial need. The Diversity Scholarship Selection Committee, comprised of board directors and corporate governance experts, chose the highly-qualified recipients from three diversity categories -- women, visible minorities and Aboriginal and Indigenous Peoples.

The scholarships will enable the recipients to participate in the DEP, its flagship 12-day course developed to help directors optimize their board performance and add value to their organizations. 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.

About the ICD
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. The ICD has more than 7,500 members and 11 local chapters across Canada. The ICD fosters the sharing of knowledge and wisdom through education, professional development programs and services, and thought leadership and advocacy to achieve the highest standard of directorship. For more information, please visit: www.icd.ca.

About the ICD-Rotman Directors Education Program
The Directors Education Program (DEP), jointly developed by the Institute of Corporate Directors and the Rotman School of Management, University of Toronto, has been specifically designed to help directors overcome today's governance challenges by introducing activities and processes that assist them in fulfilling their role. The program is delivered in four three-day modules by leading faculty of prominent business schools, some of Canada's most experienced directors, and leading governance experts.

Contact Information

  • For more information, please contact:
    Carolyn Thrasher
    Manager, Marketing Communications
    (416) 593-7741, ext. 244
    cthrasher@icd.ca