It typically takes several years and over a million dollars to establish a functional corporate governance institute. Incorporation, staffing, policy research, training programs, marketing, and public relations take time and money. In 2009, a handful of dedicated volunteers turned this proposition on its head. With the aid of a few well-placed connections, they sparked a movement that led to creation of the Baltic Institute of Corporate Governance (BICG) and – relying almost exclusively on pro bono assistance – produced world-class deliverables.
The BICG story offers valuable lessons on how to develop effective partnerships and use networks to build organizational capacity.
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How the Baltic Institute became a reality — and what others can learn from it
