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IMD and IOC work together on governance

IMD, one of the world’s best business schools based in Lausanne also offers its wealth of expertise to the sports industry. Recently, the International Olympic Committee (IOC) officially contracted IMD and its Global Board Centre to undertake research into good governance at the IOC itself. In the light of the continuing evolution of good governance practice, the IMD research resulted in a set of recommendations presented to the IOC Executive Board last week and published here.

Professor Didier Cossin, who led the project for IMD, said on this occasion: “The purpose of this report is not only to encourage the IOC to keep improving on the basis of Olympic Agenda 2020 but also to prepare the organisation for the evolution it will need to confront and adapt to in the years to come.” He added: “At IMD, we have dedicated our thinking and resources to improving board performance for more than 35 years. Based on our interviews and review of processes and documentation, we assessed the areas of strength and vulnerabilities of the IOC’s governance structures and processes. These have been summarised in this brief, along with our recommendations.”

The review shows that while in most areas, the IOC is building on the solid governance structures and processes strengthened by Olympic Agenda 2020, introducing reinforced practices in certain areas would enable it to build its resilience and leadership position, fulfil its mission to society in its fullest and serve as a best-in-class example in a global arena in need of positive governance examples. 

The IOC has remained committed to being a strong values-based organisation and a leader in the field of sport, with the aim of being a model of governance quality. Building on Olympic Agenda 2020, the IOC’s strategic roadmap for the future of the Olympic Movement, the report encourages the IOC’s existing efforts and proposes further ideas to reinforce the IOC’s initiatives in a number of areas prepare the organisation for the evolution it may face and need to adapt to in the years to come.  

Watch the official video of the press conference:

Financial Times gives top rankings to IMD
In May, IMD was recognised once again among the world’s best business schools by the Financial Times in its 2017 Executive Education Rankings. IMD came in at #1 in open programs for the sixth consecutive year. The Financial Times also placed IMD at second in Custom Programs, with the school jumping up two places from fourth in 2016. IMD remained in second place in the combined custom and open program rankings, maintaining its spot from last year. Over the past decade IMD has consistently been among the world’s top business schools in the Financial Times, staying at first place in open programs since 2012 and remaining in the top three for executive education worldwide for the past 6 years.

Learn more about IMD here.

Learn more about the IOC here.

 

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