“The responsibility that ILA bears, but also the recent success, must now be carried sustainably into the future” says Philipp von Restorff, CEO of ILA.
Can you present your organisation in a few words?
The Luxembourg Institute of Directors is a non-for-profit professional association protecting and fostering corporate governance standards. As part of its mission ILA provides the corporate governance community with a platform for networking and professional development. ILA supports executive directors, non-executive directors, company secretaries and corporate governance officers in their ongoing development at every stage of their career. The association, which now has nearly 3,000 members, employs a staff of 12, is operating 24 working committees, and has certified nearly 200 directors and more than 90 company secretaries.
What are the challenges and the opportunities you identified?
The responsibility that ILA bears, but also the recent success, must now be carried sustainably into the future. The main challenge is to ensure the sustainable development of ILA by expanding the services offered to its members and by relentlessly improving the quality in everything it does. This will help ILA to further strengthen its position as reference for good corporate governance in Luxembourg and within its European network. Among the opportunities, we see fostering diversity in all its forms and the continuous development of our relationships with other stakeholders. The latter primarily include our members, but also regulators and policy makers as well as associations, partners and the media. All these organisations help contribute to the advancement of this important activity of promoting good governance.
How do you see your organisation in the next 5 years?
In 5 years, I see ILA as a corporate governance agenda setter. Furthermore, as an organisation that, by digitally evolving, by focusing on the needs of its members and stakeholders as well as by being a thought leader in the diverse areas of governance, is instrumental in ensuring that governance made in Luxembourg is recognised as having a formative influence on good governance in Europe and beyond.