National Association of Corporate Directors - History

History

NACD was founded in 1977 with the goal to educate directors. In 1978 it announced the first comprehensive Director Education Program. Ten years later, NACD recognized the first Director of the Year. In 1993, NACD published its first Blue Ribbon Commission Report, offering ten principles to guide audit committees and their oversight of the financial reporting process, as well as risk management and internal and external auditors. In the early 2000s, NACD’s Blue Ribbon Commission Report on Board Evaluations helped optimize board composition, while the organization helped shape Sarbanes-Oxley and influence the new New York Stock Exchange (NYSE) & NASDAQ listing rules. In 2004, NACD co-found the Global Director Development Circle, launched in response to the need to keep directors ahead of international corporate governance and legislation. This program led NACD to globalize the Certificate of Director Education program in 2006. In 2010, NACD acquired Directorship magazine, a magazine dedicated for today’s corporate officers and board of directors.

Read more about this topic:  National Association Of Corporate Directors

Famous quotes containing the word history:

    It is my conviction that women are the natural orators of the race.
    Eliza Archard Connor, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 9, by Susan B. Anthony and Ida Husted Harper (1902)

    There is a history in all men’s lives,
    Figuring the natures of the times deceased,
    The which observed, a man may prophesy,
    With a near aim, of the main chance of things
    As yet not come to life.
    William Shakespeare (1564–1616)

    Whenever we read the obscene stories, the voluptuous debaucheries, the cruel and torturous executions, the unrelenting vindictiveness, with which more than half the Bible is filled, it would be more consistent that we called it the word of a demon than the Word of God. It is a history of wickedness that has served to corrupt and brutalize mankind.
    Thomas Paine (1737–1809)