About the awards
3 CORPORATE DIRECTORS EXCELLENCE HONOURS 2021

Each year, Institute of Corporate Directors Zimbabwe – through the Corporate Directors Excellence Honours 2021, recognizes independent Corporate Directors of public, private, and non-prot boards who have made valuable contributions to the boards on which they serve, as well as entire boards that have signicantly protected or enhanced stakeholder value. The 2021 Honours also recognizes leadership, excellence and accomplishment of Corporate Directors in Zimbabwe, including those with non-prot governance experience. The Award honours individuals who have made outstanding contributions to Zimbabwe's enterprises and non-prot organizations through their governance and leadership excellence in the boardroom. Every individual who win an Award will receive a special waiver for the ICD.D DESIGNATION:- Granted by the Institute of Corporate Directors, the ICD.D represents a lifelong commitment to excellence in the boardroom Granted by the Institute of Corporate Directors after completing the ICD-Rotman Directors Education Program and an examination process conducted by seasoned directors, the ICD.D designation represents a lifelong commitment to excellence in the boardroom, a desire to stay current, and to be a more effective corporate director. In the current, evolving business and governance landscape, the ICD.D designation helps corporate directors be better at what they do, and ultimately, create better boards and better business.

ENTRY REQUIREMENTS

Individual Corporate Director Categories:

A candidate must be a director of a company or another legal entity. This company or legal entity must be registered and/or operating in Zimbabwe. The candidate's title may be director or executive director or non-executive director per se or another title, such as Partner, President, Chief Executive, Member of Governing Committee, Council Member, in which case the candidate must be a member of the body responsible for governance and stewardship of an organisation.

Collective Board Categories:

A candidate must be the board of a company or another legal entity registered and/or operating in Zimbabwe. The title of the board may be Board of Directors per se or another title, such as Governing Committee, Council, Steering Committee, in which case the candidate must be a group collectively responsible for governance and stewardship of an organisation. The Chairman of the nominated board will represent the nominee.

Eligibility

Nominated by their peers, the recipients are eligible to make a submission. Submission must cover activates for the period 1st October 2020 – 1st October 2021. The Young Corporate Director of the Year category is open to any individual whose age was 40 on or before 1st October 2019 Adjudication Committee members and ICD Board Members are ineligible for nomination and cannot participate in the nomination process.

SELECTION CRITERIA

    The following criteria are guidelines for nomination as a recipient for the 3rd Corporate Directors Excellence Honours 2020 looks at
  • Leadership and stewardship
  • Accountability to stakeholders
  • Contributions to governance
  • Relationship with the CEO and board/management
  • Organizational effectiveness and enhancement of the board
  • Collegiality
  • Innovation/Turnaround Strategies
  • Equality Diversity & Inclusion
  • Social Value and Sustainbilty Impact
    • Leadership and Stewardship
  • Nominees must have demonstrated outstanding leadership and stewardship over several years applying experience, knowledge, insight, and discernment.
  • He/she is a person of integrity, exhibits a strong understanding of the director's duciary duty,and fosters aclimate of ethical business practices.
  • Looking to the future, he/she has embraced the organization's values, helped shape its vision, mission and strategic direction, and ensured appropriate management succession including oversight of risk management and internal controls.
    • Accountability to Stakeholders
  • Nominees must understand and endeavour to balance the interests of shareholders and/or other stakeholders and put the interests of the company or organization above self-interest.
  • He/she has demonstrated acommitment to transparency and disclosure.
  • He/she is committed to superior performance, consistently striving to go beyond the legal and/or regulatory governance requirements to enhance, not just protect, shareholder and stakeholder interests.
    • Contributions to Good Governance
  • Nominees have demonstrated best practices and a track record of outstanding boardroom leadership across multiple organizations.
  • He/she has taken a leadership role in board rooms to ensure that the organizations benefit from superior governance practices.
  • He/she has also made arecognizable contribution to Zimbabwe corporate governance outside of the boardroom.
    • Relationship with the CEO and Management
  • Nominees must contribute to effective governance through their superior, constructive relationships with the CEO and management.
  • He/she has helped to serve as an advisor, sounding board and coach to the CEO, helping the CEO recognize and manage major opportunities, risks and exposures.
  • He/she has helped senior management to shape the strategic direction of the company and assisted senior management to achieve a balance between the conflicting pulls of long-term versus short-term performance, and diverse internal and external demands.
    • Enhancing the Effectiveness of the Board
  • Nominees must possess a solid understanding of the role of the board, as well as the legal duties and responsibilities of directors.
  • He/she has impacted organizational effectiveness and enhanced board operations.
  • He/she continually questions and probes beyond numbers and words.
  • He/she is not afraid to challenge traditional approaches and thinking in order to make the board a competitive advantage for the company or organization. The nominee reflects the right corporate tone and culture and excels at board-management relationships.