Institute of Corporate Directors announces appointment of new President and
CEO

TORONTO, March 25 /CNW/ - Wayne McLeod, FCA, Chair of the Board of the Institute of Corporate Directors (ICD), announced today that Stan Magidson, LL M, ICD.D has been appointed President and Chief Executive Officer, effective July 2010.

The announcement was made today following approval by the Board earlier this week. The appointment is for a three-year term with Stan succeeding Beverly Topping, ICD.D who has led the ICD for the past seven years.

"We conducted an extensive national search and were fortunate to have considered exceptionally strong and distinguished candidates," said Wayne McLeod, Chair of the Board of the ICD. "The Search Committee knew that it had to find a candidate with deep credibility in governance, exceptional leadership abilities, and the strategic vision required to build on the ICD's strong reputation and accomplishments. Stan brings to the role this experience as well as a long-standing commitment to ICD's mission."

Stan is a partner in the Calgary office of Osler, Hoskin & Harcourt LLP, heading up Osler's business law practice in Western Canada. He has extensive experience in mergers and acquisitions, corporate governance and corporate finance matters and has been with Oslers since 1986. In 1999, he was seconded to the Ontario Securities Commission where he built the team that is primarily responsible for the securities regulation of take-over bids and M&A transactions in Canada. Stan is actively involved in the policy implications of securities regulation as well as director education. He is the former Chair of the Securities Advisory Committee to the Alberta Securities Commission, is Chair of the Calgary Chapter of the Institute of Corporate Directors and teaches a mergers and acquisitions class in the ICD-Rotman Directors Education Program at leading business schools across Canada where he has been recognized as "Teacher of the Year". Stan was born and raised in Ottawa, attended the University of Ottawa and New York University School of Law, and has lived in Toronto, New York and Calgary.

"It is an honour to have been selected to serve as the next President and CEO of the ICD," said Stan. "I look forward to joining a team of dedicated individuals who have a shared passion and commitment to good governance in Canada. I am keenly interested in maintaining the ICD's leading position and taking it to the next level."

A committed volunteer, Stan has been involved with the ICD since 2003. He is a graduate of the ICD-Rotman Directors Education Program and has received his ICD.D designation. He has also served on the Board of Junior Achievement, Southern Alberta and as Chair of the Securities Advisory Committee of the Alberta Securities Commission. He is an experienced public speaker and author, and is a regular commentator with media on corporate governance, M&A and related matters.

About the Institute of Corporate Directors

The Institute of Corporate Directors (ICD) is a not-for-profit, member-based professional association representing Canadian directors and boards across the for-profit, not-for-profit, and government sectors. With more than 4,000 members and a network of nine chapters, the ICD promotes the professionalism and effectiveness of directors by providing professional development activities including formal director education, continuing education events and certifications including the industry standard ICD.D designation, and information and resources including a board placement service and networking opportunities. The ICD is the national endorsement and accrediting body for director education programs and providers who meet a standard of quality appropriate to the director community. The ICD is a founding member of the Global Directors Development Circle (GDDC).

For further information: Wayne McLeod, Chair ICD at [email protected]