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 lessons on how to develop effective partnerships and use networks to build organizational capacity.
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See also:
Toolkit 1: Building Director Training Organizations. Available for download in English, French and Spanish.
Earlier Lessons Learned on building institutional capacity:
Walking the Talk: How the Brazilian Institute of Corporate Governance Succeeds, December 2008.
Panama’s Experience Shows Importance in Defining Objectives, Attracting Committed Supporters, Exerting Leadership, December 2007.
Launching an Institute of Directors in Mozambique: Business Leaders Drive Effort to Advance Good Governance, October 2007.