Building a Successful Corporate Governance Institute in Less Than One Year. How the Baltic Institute Became a Reality —and What Others Can Learn From It
It typically takes several years and over a million dollars to establish a functional corporate governance institute. Incorporation, staffing, policy research, training programs, marketing, and public relations take time and money. In 2009, a handful of dedicated volunteers turned this proposition on its head. With the aid of a few well-placed connections, they sparked a movement that led to creation of the Baltic Institute of Corporate Governance (BICG) and— relying almost exclusively on pro bono assistance—produced world-class deliverables. The BICG story offers valuable lessonson how to develop effective partnerships and use networks to build organizational capacity.