History

The Institute was first established on 24th March 2005 by three founders, Chairman Mr. Peter Tashjian, council member Mr. Willian Miller and council member Mr. Andrew Sloane. While the 3 founders were experienced and specialised in their respective fields, the Institute was initially established as a professional body to support the compliance profession, to a large extent, for the corporate and secretarial fields.

Following the departure of the former Chairman Mr. Peter Tashjian to the US, the Institute was revived and revamped on 15th March 2016. The Institute now focuses on all aspects of corporate, listing-rules-related issues, and most importantly, financial institutions’ compliance under the Securities and Futures Ordinance (“SFO”) in Hong Kong and other collaborative rules and regulations along the One-Belt-One-Road (“OBOR”) jurisdictions, viz International Governance and Compliance (conceptually - “InterGovernliance”).

The primary aims of Institute have been promoting the recognition and support of the compliance and intergovernliance profession and the furtherance of best standards of practice and integrity – through advocacy, the management of knowledge and intellectual capital, the development of research and publications, and the provisions of continuing professional education and training.

The revival of the Institute and the subsequent widening of our scope of activities have been driven by the need for the recognition and support of professionals, practitioners and individuals involved in compliance and intergovernliance work. 

The Institute is committed to promote further recognition of the compliance professional and the further development of the compliance profession and professional standards, through advocacy, education, training and the provision of support for members. The Institute is also committed to foster strategic alliances with related compliance and intergovernliance organizations and associations with a view to securing cross-memberships for the Institute members, in Hong Kong and in other OBOR countries.

Looking forward, while corporate, listing-rules-related and securities compliance will remain the key areas of concern, and focus, the Institute will devote its attention to other areas of compliance, such as banking, money-lending, insurance, international trading such that support may be provided to such additional areas.  Given the structural need for qualified people in all areas of compliance and intergovernliance, the Institute considers this as its obligation as well as its goal.