London, 26 February 2016 – Irish twin sisters, Ruth and Rebecca Keating, took first and second prize respectively in a brand new competition designed to encourage fresh approaches to governance.
The Tom Morrison Essay Prize is the brainchild of ShareGift, a unique charity which specialises in accepting donations of shares to generate funds for charities, and ICSA: The Governance Institute, the professional body for governance. Essays demonstrating an original perspective were sought on the following topic:
Does good governance require a fresh approach?
“We launched the prize in memory of ICSA Fellow Tom Morrison, who was an active member of ICSA and past president; a highly regarded and influential member of the share registration industry and an early supporter of ShareGift’s unique work. Tom was renowned for challenging received wisdom and we wanted to establish a prize that would encourage new thinking and recognise original approaches to governance,” says Simon Osborne, chief executive of ICSA.
“Governance professionals are increasingly called upon to help organisations perform optimally and to achieve sustainability, and encouraging the next generation of governance professionals is a vital part of our work. The fact that we received entries from as far afield as New Zealand, Thailand, Sierra Leone, Uganda and Barbados shows the importance of governance worldwide. It is something that future business leaders and other professionals need to have firmly on their radar. Ruth wrote a fantastic essay which concluded that corporate governance needs to do better with significant investment, capital and jobs on the line and I couldn’t agree more.
“I am delighted that Tom’s widow Lindsay and children were able to join us at last night’s prize-giving ceremony in London to celebrate the achievements of Ruth and Rebecca. Thanks go to ShareGift for instigating this prize and for a generous donation to The Chartered Secretaries’ Charitable Trust in order to establish it, as well as to Computershare for sponsoring last night’s event.”
“I am over the moon to have won the inaugural Tom Morrison Essay Prize,” says Ruth. “Governance has become a formality to be satisfied rather than something which can be hugely valuable and I truly believe that the approach that I propose is not so much a new one as much as governance as it should be.”
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Notes to Editors: