In 2009 the Board of Governors voted to establish an annual event at which it will present its testimonial awards: the Irving G. Thalberg Memorial Award, the Jean Hersholt Humanitarian Award and the Honorary Award. Honorees are selected and announced in September and presented their awards at a celebratory dinner event in November. They are also acknowledged at the next Academy Awards ceremony.
The Governors Awards were established in effort to balance the desire to truly honor worthy individuals and avoid the time limitations that the Oscar telecast imposes on these honors. The 2014 honorees were Harry Belafonte, Jean-Claude Carriere, Hayao Miyazaki, and Maureen O'Hara.
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