Bridging the Skills Gap: Educating Chartered Secretaries

1. Bridging the skills gap: Educating chartered secretaries Stephen Sadie CEO Chartered Secretaries Southern Africa 10 September 2009

2. Outline • Skills gap • Chartered accountants • Corporate governance failures • Our education process • Where we fit in • Our students • Our members

3. Skills GAP

4. Scarce skills in financial sector • Accountants, auditors and company secretaries • ICT managers • HR and training managers • Information and organisation professionals • Business and systems analysts and programmers • Accounting clerks and bookkeepers • Fasset (2009: 51)

5. Financial service professionals by race (%) • Van Zyl (2008: 375)

6. Role of professional bodies • Professional bodies play a key role in the preparation of new entrants •  the establishment of educational standards, • the development of curricula for the qualifications they award, • the provision of training, • the accreditation of training institutions, • the setting of and administration of examinations, • the awarding of qualifications.

7. Fasset (2009; 9)

8. Chartered Accountants

9. Immigration and emigration of accountants and related professionals 1990 - 2002 • Van Zyl (2008: 382)

10. Racial profile of chartered accountants, 2004 • Van Zyl (2008: 380)

11. Gender profile of people who majored in accounting at university (%) • Van Zyl (2008: 381)

12. No of people who majored in accounting • Van Zyl (2008:376)

13. Corporate governance failures

14. Corporate governance failures

15. Company secretaries • King III – “The board should be assisted by a competent, suitably qualified company secretary” • Companies Act – “knowledgeable or experienced in relevant laws” • “Brave new era for company secretaries” - Mervyn King • Advise the board • Company secretaries should be chartered secretaries

16. Our learning process

18. Action learning cycle

19. Lifelong learning • Learning@work • Contact vs distance • Ethics • Accountability • Disciplinary process

20. Where we fit in

22. Fasset model of quality assurance • Unique quality assurance model • Quality Assurance Partners (QAP) • Quality Assurance functions are devolved to professional bodies • QAP status granted to Chartered Secretaries Southern Africa in March 2008 • Responsible for accrediting training providers offering its qualifications

23. Status of our qualifications • Professional body • QAP • 6 qualifications • Registered on the NQF • IBS (NQF3 and 4) • CIS (NQF5 (x 2) and 6) • Board (NQF7)

24. Our students

25. Board students by gender and race

26. CIS students by gender and race

27. Board students 2003 - 08

28. CIS students 2003 - 08

29. IBS students 2003 - 04

30. Our members

31. CPD 2009

32. CPD 2009

33. CPD 2008

34. CPD 2008

35. PPG members by industry type

36. PPG members by race

37. CIBM Member by type

38. References • Fasset (2009), Fasset Sector Skills Plan 2005 to 2011. 11 August 2009. [online] Availablehttp://www.fasset.org.za, (accessed 5 September, 2009) • Van Zyl, E (2008), Financial Services Professions. In: Kraak, A. and Press, K. (Eds.) Human Resources Development Review. (365-387). Pretoria: HSRC Press.

39. Stephen Sadie CEO (MBA, M. Ed) Chartered Secretaries Southern Africa stephen@icsa.co.za Any questions?