Commonwealth Trust Company Director Receives Highest Credential from National Association of Corporate Directors (NACD)
NACD Fellows Demonstrate Their Commitment to the Highest Levels of Corporate Governance and Leadership in the Boardroom
WILMINGTON, Delaware, April 29, 2015 – Commonwealth Trust Company is pleased to announce that its Director, Michael Marquardt, has been awarded the highest level of credentialing for corporate directors from the National Association of Corporate Directors(NACD).
“This elite distinction as an NACD Board Leadership Fellow affirms what we already know about Michael – that he is committed to the highest levels of excellence in boardroom leadership and corporate governance,” said Peter Horty, Chairman of the Commonwealth Trust Board of Directors. “Michael is an asset to our Board and we are proud he has received the highest credential from such a respected organization as NACD.”
In addition to serving on the Commonwealth Trust Company Board, an independent trust company based in Delaware, Michael has served as non-executive Chairman of Asia Assistance International, a large healthcare logistics and technology company based in Kuala Lumpur, Malaysia, with offices in eight countries throughout the Asia-Pacific region.
He also serves on the American Cancer Society Cancer Action Network (ACS CAN) national board as well as the American Cancer Society’s South Atlantic Division board.
“We are proud to announce that Michael Marquardt has joined NACD’s credentialed directors and has taken the next step in the pursuit of boardroom excellence,” said Ken Daly, president, and CEO of NACD. “Our fellows help advance the highest standards for those who serve in the boardroom, strengthening our businesses and driving director professionalism. The impact of this program is unmatched and they should be commended for their ongoing commitment to their own professional development.”
Michael serves as a global business advisor to corporations in the United States, Europe, and Asia. He works closely with chief executives and senior leadership teams on strategic issues and advises Boards of Directors and Audit Committees on effective risk management measures, corporate governance, and emerging technology issues.
Candidates for NACD’s Fellowship Program complete a strong foundation course which focuses on topical matters and committee-specific issues, followed by additional NACD education within a 12-month period. NACD Fellows renew their status every year, maintaining and advancing their knowledge with continuous learning and peer-led collaboration.
About Commonwealth Trust Company
Commonwealth Trust Company is Delaware’s premier independent boutique trust company for high-net-worth individuals, closely held businesses, domestic and international investors as well as their advisers.
Since its inception in 1931, Commonwealth Trust Company has served as a highly specialized team of experts providing sophisticated, professional trust administration solutions. We work in unison with our clients’ team of advisers, offering open architecture trust administration in a manner that maintains high quality, efficient and responsive service.
Having been in the business of Delaware trust administration for more than 80 years, Commonwealth Trust Company has a unique depth of experience and as well as deep roots in the State of Delaware. Both the shareholders and members of our management team are committed to remaining actively involved in the Delaware legal, tax, and philanthropic communities. In addition, our Board of Directors is comprised of a diverse group of trust professionals, tax professionals, and both domestic and international business professionals.
Commonwealth Trust Company is pleased to provide this article as a guide. Commonwealth Trust Company is not engaged in the practice of law and is not providing legal advice by the provision of these materials. Commonwealth Trust Company recommends that clients seek the opinion of their attorney regarding the specific legal and tax issues addressed in this article.