Current chief executive of the Governance Institute of Australia, Tim Sheehy, has announced he will be stepping down later this year.
Governance Institute president Trisha Mok said Mr Sheehy’s contribution to the institute has been “truly outstanding”.
“He has established this organisation as the leading independent voice for good governance in Australia and the leading advocate for a regulatory framework that ensures the integrity of the markets.
“Tim has done an outstanding job steering the organisation towards recognition of the importance of governance and promoting to the broader business community the value a company secretary and governance adviser adds to an organisation,” Ms Mok said.
In Mr Sheehy’s 15 years as chief executive, he established the institute as a founding member of the ASX Corporate Governance Council, a Governance Institute-issued statement said.
“[Mr Sheehy] has significantly enhanced the organisation’s standing as the leading independent voice on governance with key regulators and policymakers, including the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulatory Authority (APRA), the Australian Securities Exchange (ASX), the Attorneys-General as well as the federal department of Treasury,” the statement said.
Mr Sheehy also ensured the institute was an “early adopter” of online learning in 2003, the statement said.
Mr Sheehy will continue as chief executive until a successor has been appointed.