Governance Expert Victoria Penrice Named As New President Of ICSA: The Chartered Governance Institute – Corporate/Commercial Law

Barbados:

Governance Expert Victoria Penrice Named As New President Of ICSA: The Chartered Governance Institute

The Chartered Governance Institute, which has a branch in
Barbados which offers CPD and networking opportunities for members
who live and work in Barbados to meet and share best practice with
other members, students and professionals in the region, is pleased
to announce that Victoria Penrice, a chartered governance
professional with over thirty years of governance expertise, has
been selected to be its new President, effective 1 August 2020.

Previously Group Company Secretary at Seadrill Limited until
June this year, Victoria has experience in a number of sectors,
from offshore drilling, mining and engineering to leisure. She is
skilled in corporate governance, project delivery and board
leadership, having worked for major household names including
Rolls-Royce Holdings plc, The British Land Company PLC, Royal Mail
Group plc and Mitchells & Butlers plc.

She also has in-depth knowledge of the Institute, currently
serving as Vice-President and as a member of the Institute’s
Nomination and Remuneration committees. In addition, Victoria has
served on the Institute’s Audit and Risk Committee from 2014
– 2019, chairing it from 2016 – 2018, and she served on
its Qualifications Committee and Investment Subcommittee until
December 2018.

Commenting on the appointment, Sara Drake, chief executive of
the Institute, said:

“I’m delighted to welcome Victoria as our new
President. She brings with her an impressive range of experience
and has been a vital part of the Institute’s board for the
past seven years. Victoria has helped to oversee a significant
period of change at the Institute, including the disposal of the
Institute’s software companies in 2017, the reinvigoration of
our branches across more than 60 territories, the introduction of a
revised qualifying programme and the adoption of two new classes of
membership. Her in-depth knowledge of governance, and the important
role it plays in ensuring organisational sustainability, means that
she understands completely the value that our members bring to
society and how vital it is that we, as an Institute, provide the
support and lifelong learning opportunities that our members need
to flourish.”

Outgoing President John Heaton said:

“I am extremely pleased to hand the baton on to Victoria,
who has a wealth of experience and a passion for good governance.
Now, more than ever, the world needs skilled and knowledgeable
governance professionals to support the boards and management teams
battling with the current health and economic crisis, and I know
the Institute will continue to be a vital source of support and
development for them as we steer a path to recovery. It has been an
honour and privilege to serve as President of such a long-standing
Institute.”

Victoria Penrice said:

“I am honoured to take on the role of President and look
forward to representing the interests of the many governance
professionals that we support through our extensive branch network
in the UK, Republic of Ireland, Crown Dependencies and associated
territories, which include the Caribbean, sub-Saharan Africa, the
Middle East, Mauritius and Sri Lanka. Globally, we are experiencing
a financial downturn likely to be deeper than any seen for decades,
and the skills of good governance professionals will be of
paramount importance to help guide businesses, the third sector and
other essential parts of the economy through this turbulence.
Rightly, the expectations of boards continue to evolve and grow,
with climate change and ESG being important areas of focus to
ensure resilience. It is the guiding hand of governance
professionals that keeps board attention on these wider issues and
I am proud to be part of a profession which holds such an
influential and pivotal position within the boardroom.”

Originally published 28 July, 2020

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