The Australian Institute of Company Directors (AICD) is pleased to announce the First Nations Director Scholarship Program is now open for applications.
This exciting new national initiative is aimed at developing a pipeline of Indigenous directors with the skills and capability to take up board appointments in First Nations and non-First Nations organisations across the country.
The $1-million program is funded by the National Indigenous Australians Agency (NIAA) and will see 135 governance scholarships delivered over three years from 2024.
Minister for Indigenous Australians Linda Burney said: "This is a ground breaking program to boost the representation of First Nations people in boardrooms across the country.
"The First Nations Director Scholarship Program will offer 135 Indigenous leaders from the community sector an exciting opportunity to advance their career.
"Importantly, the world-class training will also help develop Australia's Indigenous director pipeline."
For the inaugural round, AICD is partnering with the Australian Indigenous Governance Institute (AIGI) to support 45 senior leaders in the First-Nations community-controlled sector who are ready to step into governance roles.
Participants will have access to world-class governance education as well as a program of culturally relevant and community-informed mentoring and workshops.
Successful applicants will undertake AICD's highly regarded Foundations of Directorship for Indigenous Organisations course, learning the fundamentals of the boardroom and building their knowledge of the duties and responsibilities of boards and directors.
AICD Managing Director and CEO Mark Rigotti said: "This is a new collaborative model for us in the First Nations sector, which combines the AICD's formal governance education with AIGI's mentoring and immersive workshop program.
"The AICD is excited to be launching this concept on a national scale and we look forward to working with leaders in the First Nations sector to build their capacity and gain the necessary skills to step into boardroom roles.
"This is a groundbreaking initiative for the AICD and we thank the NIAA for its backing of such a significant program."
Download the media release here.
