History of IODZ

The Institute of Directors (IoD) was founded in the United Kingdom (UK) in 1903 and was granted a Royal Charter in 1906. Unlike many Chartered Institutes, it is not, at least at present, an examining body but first and foremost considers itself a training institute.

It was not until 1958 that the IoD established its first branch outside UK and had its inaugural meeting in Harare, Zimbabwe, in March 1958. Following this development, the IoD spread its wings rapidly throughout the Commonwealth and elsewhere and today there are divisions or associated institutions in over 100 countries including Canada, Hong Kong, Kenya, Jamaica, Malta, New Zealand, Nigeria, The Republic of Ireland, South Africa, Zambia, Zimbabwe, Malawi, Mozambique and Mauritius.

The Institute in Zimbabwe

At the end of 1993, the Institute adopted an Affiliate status to the IoD UK and became known as ’The Institute of Directors Zimbabwe’ (IoDZ).

Following this change in status, the Institute was re-organised with a Council, representative of a wide cross-section of our business and professional community, responsible for overall direction and policy, an Executive Committee responsible for the on-going management of the Institute’s affairs and an Executive Director as the head of the Secretariat.

The IoDZ is voluntary, membership organization that is non-political, non-profit making and unincorporated. It is affiliated to the IoD, incorporated by Royal Charter in UK.

Values of the IoDZ

The IoDZ believes that corporate governance is a prerequisite for a vibrant economy. In conducting its business IoDZ upholds:

  • Integrity
  • Accountability
  • Transparency
  • Innovativeness
  • Corporate responsibility and a
  • Learning culture