The Institute of Corporate Directors (ICD) Responds to the Crisis in Ukraine
Thursday, 10 March 2022 08:00.AM
The military invasion of Ukraine is an attack on our fundamental principles of freedom, democracy and self-determination. This egregious violation of international rules requires us all to act in a demonstration of solidarity.
The ICD is therefore calling on all Canadian boards to re-evaluate their organization's involvement in Russian companies. Directors should also reconsider their investment strategies as well as their operations in Russia and engage with stakeholders in respect of such strategic moves.
Rahul Bhardwaj, ICD President and CEO: "We believe that Canadian directors will feel compelled to take a courageous stand to uphold these principles, which represent fundamental Canadian values of freedom and democracy. We encourage Boards to take into consideration their unique circumstances and strategy and act swiftly and decisively in the best interests of all stakeholders."
The ICD Board of Directors is in full support of this statement.
"This is a critical time for all leaders to take a stance with respect to core values and principles," said Linda Hohol, Chair, ICD Board of Directors.
SOURCE: Institute of Corporate Directors (ICD)
- 28-Jun-2022 02:40 PM Canada Supporting Humanitarian Relief Efforts in Ukraine
- 27-Jun-2022 02:22 PM Prime Minister announces additional sanctions in support of Ukraine
- 02-Jun-2022 10:49 PM Rap With Vice Prime Minister of Ukraine to Ask for More Crypto Donations
- 02-Jun-2022 05:16 PM Financial assistance now available for Ukrainians in Canada
- 29-May-2022 12:00 PM Canada welcomes second charter flight for Ukrainians in Montréal
- 23-May-2022 08:40 PM Canada welcomes first federal charter flight for Ukrainians in Winnipeg
- 01-May-2022 08:00 AM IC Savings announces $120,000 donation in support of Ukraine
- 28-Apr-2022 12:00 PM Centennial College earmarks $110,000 annually to assist students escaping war-torn nations
- 18-Apr-2022 10:22 AM New Cancer Information Resources for People of Ukraine from NCCN
- 12-Apr-2022 04:20 PM Budget 2022 Canada’s Leadership in the World