What are Corporate Monitors?

A corporate monitor is an individual or agency that has the responsibility of monitoring activities of corporations and evaluating their compliance with regard to certain corporate practices. More importantly, corporate monitors are expected to inform corporations and other stakeholders of the specific corporate activities that are permissible. Corporate Monitors have adequate knowledge in these areas and are required to carry stakeholders along.

How Do Corporate Monitors Work?

The International Association of Independent Corporate Monitors (IAICM) is an organized body of corporate monitors. IAICM was established in 2015 as a not-for-profit organization under Section 501(c) (6). IAIAM mandates its members to promote and improve the professional practice of corporate monitoring. Headquartered in Virginia, Washington DC, IAICM is a body of professionals who are committed to educating the public and interested stakeholders on varieties of topics under corporate monitoring. Independent Corporate Monitors are often called Monitors. In addition to educating people on and advancing corporate monitoring, independent corporate monitors provide professional and high-quality service to corporations. IAICM was established to serve some core purposes, they are highlighted below;

• To serve as an organized body of independent corporate monitors who are dedicated to improving the practice of corporate monitoring.
• To give timely and relevant information and provide quality education to the public on topics pertaining to Corporate Monitoring.
• To make resources and adequate training available to independent corporate monitors, so as to enhance professionalism.

All independent corporate monitors are required to abide by the codes and conducts of IAICM and also maintain the best practices. Corporations seeking the services of these monitors can also access resources on IAICMs website to guide them in their dealings with these professionals. IAICM Members are holders of relevant qualifications that show their knowledge, skills, reputation, expertise, and experience, to function as an Independent Corporate Monitor. The IAICMs Code of Professional Conduct must also be the living standard of these professionals. All IAICM members, their professional background and contact information are listed publicly on the official site.