Universities join hands with NACD to launch education network
Several leading US universities have joined hands with NACD to launch the NACD Education Network.
The NACD Education Network will aim to ‘elevate director education’, citing the rising demands and expectations for directors as being the key factor driving the collaboration.
The National Association of Corporate Directors (NACD), an organization that works on directorial boardroom practices and strengthening investor trust, is forming a network of governance education providers hoping to help future board directors be better prepared for the challenges of directorship.
NACD Education Network to work with Stanford, Columbia and others
As part of this network, Stanford University, a founding member of the NACD Education Network, will team up with Drexel University and Columbia Business School to deliver training programs that build on the NACD Directorship Certification, which revolved around governance issues.
The NACD Education Network allows NACD Directorship Certified employees to earn recertification credits through multiple universities around the world. The NACD Directorship Certification needs recertification after 2 years which is through 32 hours of continuous learning.
This director education programme includes programmes from various universities such as Columbia Business School Executive Education’s Corporate Governance Program, Stanford University Rock Center for Corporate Governance Directors’ College, and Drexel’s Gupta Governance Institute’s Directors Dialogue.
Alyssa Abbott, Interim Director at Raj & Kamla Gupta Governance Institute at Drexel University, said: “The economic, political, and social disruptions of this year have called attention to the increasingly complex and ever-changing role of a corporate board member. NACD’s foresight to convene renowned governance institutions from leading universities underscores the tremendous value that research and scholarship bring to director education.
“The Raj & Kamla Gupta Governance Institute at Drexel’s LeBow College of Business is proud to be a part of the NACD Education Network to collaboratively advance and elevate the directorship profession into the future.”
NACD seeks to support directors deal with impact of COVID-19
The certification will help directors enhance their skillsets and abilities so their companies can navigate successfully through the challenges that have arisen due to the COVID-19 pandemic.
Another aim of the network is also to provide a solid base for future directors who will be coming from diverse experiences and backgrounds.
Peter R. Gleason, CEO of NACD, said: “The complexity of the issues that boards face, and the speed of change, means that directors face a more challenging and competitive environment than ever before. And that means director education takes on a new urgency.
“Forming a network of world-class providers of executive education to pair with NACD’s cutting-edge education programming and certification will help directors chart a path to future success for their companies.”
Shivaram Rajgopal, Kester and Byrnes Professor at Columbia Business School and faculty director of the Corporate Governance Program, said: “This is an important initiative at a critical time for business. The challenges directors—and their boards—face in today’s complex environment call for education built on deep experiential insights coupled with quantitative rigor.
“Columbia Business School Executive Education is proud to join with NACD and the growing network of institutions around the globe to help directors meet these challenges through the highest quality continuing education available.”
Pic: Benjamin Child
Zahra Hamdani is an Ireland-based reporter for Global Education Times who focuses on European and South Asian education news. When she is not writing for GET News, Zahra is a school-teacher and educationist with experience in both Primary and Secondary schools in the Republic of Ireland as well as in Pakistan.
You can reach Zahra at firstname.lastname@example.org