powerpoint presentation - chartsec.co.za€¦ · popi bee environmental ... exit point graduate...

CSSA Meeting the challenges of

a changing landscape

18 September 2017

Stephen Sadie

(MBA, M. Ed)

Chief Executive Officer

A changing

landscape

New

curriculumMembership International

1 2 3 4

Outline

A changing landscape

1

Changing landscape

All of the speakers will be dealing with the changing landscape

Highlight some of the key changes

Show how CSSA is attempting to meet these challenges

Public needs basic services

Whistleblowing

Karen Mills, company secretary, JRA

Suspended by the JRA after making a protected disclosure

Protected Disclosures Act and King IV regulate whistle-blowing

Companies can’t have it both ways. Either protect whistle-blowers or close down one of the most effective tools used to uncover irregular conduct

Technology

Technology

Board and Executives cannot turn a blind eye

Digital is breaking down traditional barriers

Driverless cars

Accounting software

What will company secretaries be doing in 5 years time

Statutory stuff will be taken care of

Company secretaries will need to step up to the plate

Growing interest in corporate governance

Not everyone Not everyone

wants to be

a company

secretary

Legal

advisersCompliance

Risk and

Compliance

managers

Governance Governance

Advisers

Finance

managers

Risk

A growing areaSome cosecs are already doing this

Top 10 risks

Corruption

Unemployment

Infrastructure

Political and social instability

Organised crime

Cyber attacks

Financial mechanisms

Income disparity

Urbanisation

Data fraud

Popi

BEE

Environmental legislation

Mining Charter

JSE listings requirements

Compliance

Specialisation

LLB B Com CA (SA)

Lawyers – growing trend in corporate governance

King IV

Cadbury King 1 King 2 King 3 King 4

1992 1994 2002 2009 2016

More challenges for professional bodies

Accountability to professional bodies

Decide on entry into a profession

Integrity – hard to build, easy to lose

Code of ethics

Discipline – process, complaints, investigation committee, disciplinary committee, appeals tribunal

We vouch for you

Ethical practices survey on professional bodies

Professional bodies need to make their members more accountable

Other agencies don’t seem to do anything!

Professionals in the public sector were less convinced about the practice of ethics within their organisations

Poorer ethical leadership in public sector

Strong willingness to report unethical behaviour anonymously

Professional institutes may need to prioritise ethics training

Failure to adhere to ethical principles leads to damaging reputation

Example:

Unemployment

Unemployment statistics

Unemployment rate in South Africa is 27.7%

Youth unemployment is 55.9%

Economic growth is low

South Africa downgraded to sub-investment grade following cabinet reshuffle

Retrenchments are the order of the day

Stiff competition for jobs

A new curriculum

2

Current board subjects

Corporate Secretaryship

Corporate Governance

Corporate Financial Management

Corporate Administration

4 Core Subjects

Corporate Governance

(core)

Finance for Decision-making

(core)

4 Core Subjects

Corporate Law

(core)

Risk and Compliance

(core)

Chartered Secretary route

Company Secretarial Practice Company Secretarial Practice

(core)

Development of Strategy

(elective)

Chartered Governance Professional route

Public Sector Governance

(elective)

Enterprise Risk Management

(core)

Chartered Governance Professional RouteChartered Secretary Route

Development of Strategy (elective)

Associate/Fellow

Risk and Compliance (core)

Exit pointGraduate

Certificate

Affiliated

member

Entry with degree or equivalent

Corporate Governance (core)

Finance for Decision-making (core)

Corporate Law (core)

Company Secretarial Practice (core)

Enterprise Risk Management (core)

Graduate Diploma

and GradICSA

Public Sector Governance (elective)

Affiliated member

After the 1st three core subjects

Attract younger and aspiring professionals earlier in their careers who may then move on to Chartered membership.

Attract people who have an interest in governance but for whom the full Chartered Qualifying Programmes does not cater for their needs.

Those who are not able to go the whole way.

ICSA AGM

4 October 2017 London

These changes will be voted on

Please send your proxy form

Why public sector governance module?

Not much else Not much else

State-owned Companies, National and Provincial Depts, Municipalities

State-owned Companies, National and Provincial Depts, Municipalities

Extend our influenceExtend our influence

Not many trained in governanceNot many trained in governance

The need is greatThe need is great

Programmes 1 – 3

Many students cannot access universities

Programme 1: Introduction to Corporate Governance, Introduction to Law, Communication, Introduction to Financial Accounting

Programme 2: Principles of Corporate Governance, Principles of Business Law, Advanced Financial Accounting, Managing Information Systems

Programme 3: Advanced Corporate Governance, Advanced Business Law, Principles of Management

Implementation in January 2019

Membership

3

Student pipeline

Student pipeline

Biggestcorporate

governance conference in SA

CPDsKeep abreast

WebinarsKeep abreast

61 years of reporting awards

Chartered Secretaries Placements

For members and students only

Niche area

International

4

Institute of Chartered Secretaries & Administrators (ICSA) – 9 Divisions

History of ICSA divisions

1909

1937

1947

1949

1953

1957

1959

1992

2016

Southern Africa

New Zealand

Australia

Singapore

Canada

Malaysia

Zimbabwe

Ukriat

China

Qualification is portable to

80 countries

Corporate Secretaries International Association (CSIA)

Corporate Secretaries International Association

6 Divisions plus

India

USA

Kenya

Indonesia

Bangladesh

We interact and learn from best practice throughout the world

Conclusion

Eskom, SAA, SABC, Transnet, Prasa, Denel Technology CPDs, Webinars, Conference

Growing interest in Governance Chartered Governance Professional

Risk and Compliance Risk and Compliance, Enterprise Risk Management

Specialisation Chartered Governance Professional

Lawyers Chartered Secretaries & Chartered Governance Professionals

King IV CPDs, Webinars, Conference

Professional bodies CSSA

Unemployment Chartered Secretaries Placements

Professionals need a home Professionals need a home

Small efforts lead to greater things

Thank you

Questions?stephen@chartsec.co.za