Our Vision and Mission
In a rapidly changing business environment disrupted by increased regulatory reforms, digitalisation, societal demands, capital markets and geopolitical shifts, much of the pressure and scrutiny is putting boards under the spotlight. The INSEAD Corporate Governance Centre (ICGC) has been actively engaged in making a distinctive contribution to the knowledge and practice of corporate governance. Our vision is to be the leading centre for research, innovation and impact in the area of corporate governance globally. Through our educational portfolio and advocacy in fostering sustainable high-performance governance practices, the ICGC hopes to build greater trust within the public and stakeholder communities, so that businesses today are a strong force for improvement, not only of economic markets but also for the global societal environment.
The ICGC combines INSEAD’s institutional visibility and exceptional faculty in developing thought leadership and a global educational platform in the area of corporate governance. The centre’s mission is to develop world-class teaching content, promote latest research using innovative scholarly materials and enrich public discourse on corporate governance through forums, conferences, peer-to-peer exchange and expert-to-practitioner dialogue.
Our activities harness INSEAD’s expertise in multiple disciplines across areas such as strategy, risk-management, decision making, finance, economics, family governance and corporate social responsibility for in-depth insights and sustainable responses to the challenges facing directors in today’s increasingly complex and volatile environment. The ICGC brings an unmatched international viewpoint to its activities thanks to INSEAD’s position as The Business School for the World, with its footprint across the Europe, Asia, and Middle East campuses.
Dean of Research
Professor of Finance
The AXA Chaired Professor in Financial Market Risk
Acting Academic Director, INSEAD Corporate Governance Centre
Corporate Governance Expertise at INSEAD
360° feedback for directors
Specifically developed for our programmes, these instruments help our directors understand individual leadership styles. Sessions are led by professional certified coaches from the INSEAD Global Leadership Centre.
Open and customised programmes
Depending on your needs, INSEAD open and customised corporate governance programmes are designed to equip directors and board members with the insights needed to ensure high performance and value creation in the long and short-term.
INSEAD Certificate in Corporate Governance
The INSEAD Certificate in Corporate Governance is a global credential for board members operating internationally – one of the first of its kind offered by an academic institution. The certificate attests to a director’s commitment to continuously develop her or his effectiveness and excellence, by applying and building upon the skills and knowledge acquired through successful attendance of the International Directors Programme (IDP) or International Directors Banking Programme (IDBP).
INSEAD Advanced Certificate in Corporate Governance
The INSEAD Advanced Certificate in Corporate Governance is designed for holders of the INSEAD Certificate in Corporate Governance who wish to further pursue their development across core competencies that are key to effective directorship. It provides participants with a personal development plan at board level over multiple years (up to a maximum of five years) that is both stimulating and engaging.
The INSEAD Corporate Governance Centre is grateful to our international partners for their collaboration and engagement in supporting our mission.
Keynote Address by Dr. Fermin Diez, Deputy CEO and Group Head of Human Resources, National Council for Social Service (Singapore), Adjunct Professor at Singapore Management University, Nanyang Business School, and NUS Business School, and Board Member of Jurong Health Systems for INSEAD Directors Forum, 20 May 202 hosted by INSEAD Corporate Governance Centre
Digital Dalogue with H.E.Mohammed bin Abdullah Elkuwaiz, Chairman of the Saudi Capital Market Authority
Facilitated by José Santos, Affiliated Professor of Practice in Global Management at INSEAD on 21 June 2021 for Institute of Public Administration (IPA) Board Leadership Programme
Learn more about the corporate governance landscape in the Kingdom of Saudi Arabia.
Interview with Bill Winters, Group CEO of Standard Chartered Bank and Chair of the Taskforce on Scaling Voluntary Carbon Markets conducted by Prof. Lucie Tepla, Senior Affiliate Professor of Finance of INSEAD
Interview with Dr. Ravi Fernando, Chairman/CEO of Global Strategic Corporate Sustainability Pvt. Ltd.
With immense pressure from multiple stakeholders, board directors are expected to step up in championing sustainability. Find out more how board directors can navigate the shifts in geopolitical and business landscape to lead the way in integrating strategic corporate sustainable for sustainable business.
Interview with Marjolijn van Oordt (IDP-C), International Expert in Crisis Readiness, Capita B.V.
Dealing with crisis can be a nightmare for boards and their organisations. Find out how boards of directors can take the lead in the event of a crisis and be ready to avoid common pitfalls.
by Stanislav Shekshnia; Senior Affiliate Professor of Entrepreneurship and Family Enterprise
While board chairs hold an esteemed position of power, relatively little is known about their practices across countries and contexts. Based on an INSEAD Board Chair Research project led by Professor Stanislav Shekshnia, this governance talk provides key insights and reveals the traps hindering board chair effectiveness.
Interview with Kay Formanek, Founder of KAY Diversity and Performance
Discover how boards can play an active role in realizing organizational performance from inclusive diversity.
The Australian Institute of Company Directors (AICD) interviewed Professor Van der Heyden during the recent ICGC visit to Sydney. Tune in to hear Ludo's comments on the emerging governance issues, high performing board and the governance challenges facing Australian boards.
by Andrew Shipilov; The John H. Loudon Chaired Professor of International Management and Professor of Strategy
Find out the extent to which board directors are pushing companies to adapt their strategies in response to the technological opportunities and threats.
by José Santos, Affiliated Professor of Practice in Global Management
The more the world is global, the more the local matters. What advantage do local companies have in comparison to multinational companies? What does it take for multinational companies to succeed in their globalisation strategy?
by Ludo Van der Heyden, INSEAD Chaired Professor in Corporate Governance & Emeritus Professor of Technology and Operations Management
The main challenge to Boards consists in managing dualities and finding a good balance between apparent extremes. Dualities are typically seen as opposites rather than complements. Governance itself is a duality, where the other extreme is execution. Other dualities are finding the right balance between short and long term, between growth and performance, and between the performance of the whole and that of a unit.
by Jaap Winter, Distinguished Visiting Professor of Corporate Governance
How do we make sense of boards? How do they successfully direct companies and stay away from failure?
Interview with Professors Ludo van der Heyden and Jaap Winter
Society is becoming less tolerant towards corporations with selfish and self-serving agendas. What does it take to re-humanise corporations and what is the role of the board in this context?
INSEAD webinar series
The ICGC has partnered with the INSEAD Alumni Association Lifelong Learning and our external partners to produce a number of webinars focused on boards and governance. We invite you to follow the links below to view the recordings or click here to view the full collection of past webinars on wide ranging topics presented by our world-class faculty, diverse global leaders and INSEAD alumni.
INSEAD Directors Forum
Governance Imperative in a New World Order (Find out more and register now!)
Webinar & Digital Dialogue
Rising to the ESG Challenge: Routes Towards Effective Governance (Recording will be available soon!)
Jointly organised by ICGC and Boards Impact Forum.
How can a focus on governance help reimagine corporate integrity? (Download webinar summary)
Monday, 23 May 2022, 11:00am - 12:00pm CEST
Webinar & Digital Dialogue
From Aspiration to Fulfilment Accelerating Women’s Career for Success (View Recordings)
29 March 2022, 2pm CET (1 hr)
Organised by ICGC together with 30% Club Poland, Odgers Berndtson, and European Women on Boards will be hosting a Webinar & Digital Dialogue to explore the challenges women face in pursuing their career aspiration and how they can better prepare and respond to potential hurdles to accelerate their success.
Webinar & Digital Dialogue
Changing the Climate in the Boardroom (View Recordings)
17 March 2022, 9am CET / 4pm SGT (1 hr)
Organised by ICGC together with Heidrick & Struggles and Boards Impact Forum, this virtual event will showcase the rsearch survey findings and highlights with a panel discussion to examine the readiness of boards in tackling the climate change conundrum.
Webinar & Digital Dialogue
Accelerating Climate Change Leadership in the Boardroom (Find out more!)
16 Nov 2021, 6:00 pm CET / 12:00 pm CEST (60mins)
Organised by ICGC together with Heidrick & Struggles and Chapter Zero France, this virtual event showcased the preliminary findings and insights from our latest research survey examining the readiness of boards in tackling the climate change conundrum.
Understanding Developing Opportunities Across Carbon Markets on 26 March, 1pm CET (1hr)
Doing more for the economy with less from the planet: a resource efficiency approach to measuring and managing natural capital on 24 March, 2pm CET (1hr), hosted by ICGC with partners Chapter Zero France and Chapter Zero Switzerland
Chair Roles and Practices as Drivers of Sustainability and Value Creation on 22 March, 6pm CET (1hr), hosted by Nordic Climate Governance Initiative Chapter Boards Impact Forum in collaboration with INSEAD Corporate Governance Centre.
Access webinar recording >
Corona Crisis: Accelerating the End of Shareholder Primacy?
Webinar held on 11 June 2020 at 3:00 PM CET
Led by Stanislav Shekshnia, Senior Affiliate Professor of Entrepreneurship and Family Enterprise, Byron Loflin, Global Head of Board Engagement of Nasdaq & moderated by
Helen Pitcher OBE, President INSEAD Directors Network, Chair Advanced Boardroom Excellence
The Blessings and Curses of Digital in a COVID World
Webinar held on 26 May 2020 at 11:00 am CET
Led by Annet Aris, Senior Affiliate Professor of Strategy
Private equity Covid Recovery plan - and what Boards and Businesses can learn from it
Webinar held on 14 May 2020 at 12:00 pm CET
Led by Claudia Zeisberger, Senior Affiliate Professor of Entrepreneurship and Family Enterprise & Academic Director, Global Private Equity Initiative
Executive Careers in the Face of Change
Webinar held on 12 May 2020 at 11:00 am CET
By Jose Luis Alvarez, Senior Affiliate Professor of Organisational Behaviour, The Mubadala Chaired Professor in Corporate Governance and Strategy & Academic Director, INSEAD Corporate Governance Centre
Crisis Management in COVID-19 Times
Webinar held on 28 April 2020, 4:00-5:00 pm CET
By Ludo Van der Heyden, INSEAD Chaired Professor of Corporate Governance & Emeritus Professor of Technology and Operations Management and Peter Nathanial, Crisis Management Specialist and INSEAD Adjunct Professor & ICGC Fellow
In the spotlight
Starting 1st September 2022, Professor Lily Fang has taken over the helm from Professor Jose-Luis Alvarez as Acting Academic Director of ICGC. Learn more >
How Boards Can Focus on What Matters in Sustainability
By David Young, Managing Director & Senior Partner, BCG Henderson Institute Fellow and Ron Soonieus, Senior Advisor, BCG and Director-in-Residence, INSEAD Corporate Governance Centre | September 6, 2022
Article developed based on joint research study by INSEAD Corporate Governance Centre and BCG.
In the Press
How a nonprofit business school helps companies overcome challenges to building a robust governance strategy
Business Insider, 9 July 2022
Featuring Sonia Tatar's interview on how INSEAD Corporate Governance Centre helps companies overcome challenges to building a robust governance strategy
Digitalisation has Revolutionanized and Globalized the World
Ludo Van der Heyden, INSEAD Chaired Professor of Corporate Governance Emeritus
Institute of Directors India, Director Today April 2022
Joint Research Study Report by ICGC and BCG (NEW!)
The report developed by ICGC in partnership with BCG to assess how boards are engaging with ESG matters today and to what extent existing board practices can deal with these complex and systemic challenges. Learn more >
ICGC Report (NEW!)
The report developed by ICGC to explore how corporate boards can best organise themselves to firmly embed ESG/sustainability in board oversight. Learn more >
‘Tech for Good’ Needs a ‘Good Tech’ Approach
Theodoros Evgeniou, INSEAD Professor of Decision Sciences and Technology Management, and Ludo Van der Heyden, INSEAD Chaired Professor of Corporate Governance | March 1, 2022
EY Report on "How can boards strengthen governance to accelerate their ESG journeys?"
by by Julie Linn Teigland and Andrew Hobbs | February 17, 2022
With contribution from Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre who was interviewed and featured in the report.
AI: A World of New Opportunity and Risk
Theodoros Evgeniou, INSEAD Professor of Decision Sciences and Technology Management; Kay Firth-Butterfield, Head of AI and Machine Learning at the World Economic Forum; Arunima Sarkar, AI Lead, Centre for Fourth industrial Revolution at the World Economic Forum; and Caroline Zimmerman, INSEAD Research Associate | January 17, 2022
Changing the Climate in the Boardroom
by Ron Soonieus, Director in Residence, INSEAD Corporate Governance Centre and Dan Cullen, Partner in Charge, Heidrick & Struggles
This article first appeared in the Q1 2022 issue of the SID Directors Bulletin published by the Singapore Institute of Directors
How Nasdaq’s Board Diversity Rule Creates Potential for Real Change
Felicia A. Henderson (EMCCC 17), Leadership and EDI Consultant; Zoe Kinias, INSEAD Associate Professor of Organisational Behaviour; and Claudia Zeisberger, INSEAD Senior Affiliate Professor of Entrepreneurship & Family Enterprise | December 22, 2021
Leading Climate Strategy From the Board
Ron Soonieus, Director in Residence at INSEAD; Louis Besland, Partner at Heidrick & Struggles; and Alice Breeden, Partner at Heidrick & Struggles | December 14, 2021
Using Corporate Social Initiatives to Build a Purpose-Driven Organisation
Christiane Bode, Assistant Professor of Strategy, Imperial College London, Michelle Rogan, Associate Professor of Strategy and Entrepreneurship, Imperial College London, and Jasjit Singh, INSEAD Professor of Strategy | November 16, 2021
An impact-driven intrapreneurial venture can be a useful stepping stone for changing a company’s DNA, but its unintended consequences need to be managed carefully.
Aligning Individual and Organisational Values
Maria Guadalupe, INSEAD Professor of Economics, Zoe Kinias, INSEAD Associate Professor of Organisational Behaviour, and Florian Schloderer, INSEAD Lecturer | October 26, 2021
As more companies place their own values front and centre, there is an opportunity for firms to attract candidates with “like-minded” individual values. If, however, corporate messaging and recruitment efforts aren’t aligned, the signalling of organisational values could backfire.
The Sustainability Imperative for the Legal Profession
N. Craig Smith, the INSEAD Chaired Professor of Ethics and Social Responsibility, and Ron Soonieus, Director in Residence at INSEAD | October 27, 2021
Legal professionals need to keep one step ahead of current legislation if they are to give good advice to businesses on how the world is changing, and what that means to the organisation.
CEOs Who Play to Type Win the Market
Guoli Chen, INSEAD Professor of Strategy | July 13, 2021
Research has shown that the market tends to reward a fit between a CEO’s generalist/specialist characteristic and the type of acquisitions they undertake.
Perspective from André Hoffmann on integrating sustainability into strategy, governance and culture
by Ron Soonieus, founder of Camunico, Senior Advisor at the Boston Consulting Group and an Executive-in-Residence with INSEAD
Encouraging Sustainability: Why the Business Case Isn’t Enough
Marc Le Menestrel, INSEAD Affiliate Professor of Decision Sciences; Julian Rode and Nicolai Heinz, Helmholtz Centre for Environmental Research; and Gert Cornelissen, Universitat Pompeu Fabra & Barcelona School of Management | June 21, 2021
Three Ways Digitalisation Changes Corporate Responsibility
N. Craig Smith, INSEAD Chaired Professor of Ethics and Social Responsibility, and Leena Lankoski, Senior University Lecturer, Aalto University School of Business & INSEAD Visiting Scholar | May 25, 2021
Leading a Board: Chairs’ Practices Across Europe 2nd ed. 2021 Edition
by Stanislav Shekshnia and, Veronika Zagieva (Editor)
In this second edition, 18 experts from 14 European countries interviewed more than 300 chairs, CEOs, directors and shareholders to detect and compare specific practices and instruments that chairs use to deal with various challenges. Researchers also assessed the impact of the COVID-19 pandemic on the work of chairs and the boards they lead.
How Boards Can Steer Companies to “Build Back Better”
N. Craig Smith, INSEAD Chaired Professor of Ethics and Social Responsibility, and Ron Soonieus, INSEAD Executive-in-Residence and Managing Partner at Camunico | January 21, 2021
Survey Report (NEW!)
Leadership in AI Report 2021
by Prof. Theodoros Evgeniou with Board Agenda and Mazars
The report reveals that despite considerable interest in AI and an expectation that over two-thirds of organisations will implement some level of AI in the next 12 months, many organisations and boards lack the knowledge and skills to make this happen.
Boards and Sustainability: From Aspirations to Action
by Prof. N. Craig Smith, INSEAD Chaired Professor of Ethics and Social Responsibility and Ron Sooneius, INSEAD Executive in Residence & Founder of Camunico | Management and Business Review, US, Fall Edition
Leadership in Wicked Times
Natalia Karelaia, INSEAD Associate Professor of Decision Sciences, and Ludo Van der Heyden, INSEAD Chaired Professor of Corporate Governance & Emeritus Professor of Technology and Operations Management | October 13, 2020
INSEAD Directors Forum
Recovery in a New Era of Corporate Governance
Webinar & Digital Dialogue on 16 October, 9:00 am (CET)
Learn how to bring about sustainable recovery and organisational transformation amid the crisis.
How Netflix Finds Innovation on the Edge of Chaos
Benjamin Kessler, INSEAD Knowledge Managing Editor | September 30, 2020
Find out how the highly unusual corporate culture of Netflix contributed to string of innovative accomplishments – and what organisations can learn from it.
A Checklist for Boards in the New Normal
Stanislav Shekshnia, INSEAD Senior Affiliate Professor of Entrepreneurship and Family Enterprise; Veronika Zagieva, Director, Ward Howell Talent Equity Institute; and Maria Nazarova, Research Associate, Ward Howell Talent Equity Institute | September 22, 2020
Survey Report (NEW!)
The Effects of Covid-19 on Boards and Governance Report
by INSEAD Corporate Governance Centre and Spencer Stuart, July 2020
Discover further insights regarding the impact of the coronavirus crisis on boards with focus on attitudes towards risk analysis, board dynamics and functioning.
ICGC Report: Effective Boards of Directors in Crisis Time
Academic Experts on Governance Respond to 7 Key Questions
Contributed by INSEAD’s corporate governance programme directors and faculty: Annet Aris, Peter Nathanial, Tim Rowley, Joe Santos, Ludo Van der Heyden
Can Investors Save the Planet While Making a Profit?
Daniel Gospodinov (INSEAD MBA '20J), and Claudia Zeisberger, INSEAD Senior Affiliate Professor of Entrepreneurship & Family Enterprise | July 30, 2020
Survey Report (NEW!)
Leadership in Risk Management: European Report 2020
by Prof. Enrico Diecidue and Tim Rowley with Board Agenda and Mazars
The report reveals that almost 60% of firms have revisited their strategy, and highlights a lack of board knowledge about key risks—including climate change.
Covid-Era CEOs Are ‘Keen, Tough or Edgy’
Stanislav Shekshnia, INSEAD Senior Affiliate Professor of Entrepreneurship and Family Enterprise, and Maria Nazarova, Research Associate, Ward Howell Talent Equity Institute | June 25, 2020
Working Paper: EU Banking in the COVID-19 Crisis: Time for a “New Deal” ( 2020/25/FIN/TOM)
Nathanial P., Van der Heyden L. (2020)
The current COVID-19 sanitary and economic crisis requires a “New Deal” between EU governments and EU banks: EU banks agree to partner with governments in enabling the effective transmission of the government’s vital financial support to the real economy in exchange for a transformation of the EU banking sector.
The Role of the Board in Times of Distress
Jaap Winter, INSEAD Visiting Professor of Corporate Governance, and Erik van de Loo, INSEAD Affiliate Professor of Organisational Behaviour | April 7, 2020
Putting More Women at the Helm of Corporate Boards
Stanislav Shekshnia, INSEAD Senior Affiliate Professor of Entrepreneurship and Family Enterprise; Veronika Zagieva, Consultant at Ward Howell; and Victoria Zimina, Analyst at Ward Howell Talent Equity Institute | March 5, 2020
ICGC Report (New)
The Market for Corporate Directors 2019
by Jose Luis Alvarez and François-Lucien Vulliermet, Research Associate, 18 December 2019
With this 2019 Report on Directors Job Market, the INSEAD Corporate Governance Centre looked at the call for board renewal and the development of full time professional directors.
Everything above Board
by Helen Pitcher OBE, INSEAD Directors Network President, GOLD News, Cyprus
New Research Shows The More Women On A Company’s Board, The More Market Value Is Lost
by Kaisa Snellman, Assistant Professor of Organisational Behaviour at INSEAD, and Isabelle Solal, Post Doctoral Research Fellow from INSEAD | November 12, 2019
AICD Interviews Professor Stanislav Shekshnia on what makes a successful chair
30 October 2019, Sydney, Australia
Preparing Your Firm for AI
Theodoros Evgeniou, INSEAD Professor of Decision Sciences and Technology Management | October 16, 2019
Corporate governance is the spirit of a company (in Romanian)
featuring comments by INSEAD Prof. Ludo Van der Heyden
in Business Magazine, Romania, 8 Oct 2019
BRT: A New View of Corporations and Capitalism
Theo Vermaelen, INSEAD Professor of Finance | N. Craig Smith, INSEAD Chaired Professor of Ethics and Social Responsibility | August 23, 2019
Grands Prix de la Mixité
10 July 2019, Paris
ICGC is proud to be a supporting partner to the 3rd edition of the Grands Prix de la Mixité during which Prof. Ludo Van der Heyden gave an address during the award ceremony.
WOB interviews Professor Jose Luis Alvarez
10 July 2019, London, UK
INSEAD Professor Jose Luis Alvarez was interviewed by Fiona Hathorn, MD of Women on Boards UK, on the importance of politics, influence and networks for executive and non-executive board directors.
The Icarus Syndrome: Execs Who Fly Too Close to the Sun
Manfred F. R. Kets de Vries, INSEAD Distinguished Professor of Leadership Development and Organisational Change | July 1, 2019
Sustainability and the Five Archetypes of Boardroom Behaviour
N. Craig Smith, INSEAD Chaired Professor of Ethics and Social Responsibility; and Ron Soonieus, INSEAD Executive-in-Residence and Managing Partner at Camunico | June 7, 2019
Leading a Board - Chair Practices Across Europe
by S.Shekshnia and V.Zagieva, Palgrave Macmillan, June 2019
This book represents the first cross-country study of the work of board chairs in Europe. It includes unique data collected through interviews with almost 200 experienced board chairs and their key stakeholders – board members, CEOs and shareholders.
Innovation and Corporate Renewal also disrupts Boards
by Liselotte Engstam (IDP-C), Prof. Ludo Van der Heyden, Mats Magnusson and Magnus Karlsson
Responding to the New Cold War
Michael A. Witt, INSEAD Senior Affiliate Professor of Strategy and International Business | June 3, 2019
Women Chairs: The Time Is Now
Helen Pitcher OBE, Chair of Advanced Boardroom Solutions (INSEAD IDP-C) | June 4, 2019
How Shifts in Geopolitical Power Will Affect Corporate Governance
Sonia Tatar, Executive Director, INSEAD Corporate Governance Centre | March 28, 2019
INSEAD Directors Forum Asia 2019
Governance in the Era of Regulatory and Geopolitical Shifts
25-26 February 2019, Singapore
Leadership in Corporate Sustainability European Report 2018
by Prof. N. Craig Smith and Ron Sooneius with Board Agenda and Mazars
The report reveals that boards accept the critical nature of sustainability, but may struggle with the righ approach to deal with it.