Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Chartered Director programme will help directors’ skills

Chartered Director programme will help assure directors’ skills


People can be a lot more assured that directors have the skills and knowledge to govern effectively following today’s decision to introduce the Chartered Director programme.

Institute of Directors Chief Executive Dr William Whittaker said the introduction of the Chartered Director programme was the biggest change in the IoD’s history and would take the professionalism of IoD members to a new level. It will also align New Zealand more closely with our trans-Tasman partners and will go a long way toward creating a common currency for directors operating on both sides of the Tasman.

“Chartered Director will offer stakeholders and investors an assurance that directors have met certain professional standards and that they have the knowledge to carry out their duties. It provides a framework of standards against which directors’ experience is recognised.”

A fundamental requirement of the programme is continuing professional development for most IoD members, which ensures that directors stay current by continuing to undertake training and learning opportunities.

“Directors will be able to demonstrate their commitment to sound governance through continuing professional development and by participation in a credible framework against which their expertise, experience and level of commitment can be recognised at different stages of their career”.

Dr Whittaker said the programme is designed to transition the IoD from a member-based organisation to a professional body. “By recognising directing as a distinct profession, it will encourage greater professionalism among the wider director community,” he said. “Directors’ skills, experience, competence
and currency of knowledge are their value proposition.”

Changes to the Institute of Directors’ constitution that paved the way for the Chartered Director programme were approved at the AGM in Christchurch today.

Chartered Director will become operational on 1 October 2014. In the four months until the programme becomes operational, current IoD membership will be transitioned on to the new programme.

Chartered Director will introduce:

• a new membership structure with seven different levels of expertise and experience. Associate,

Member, Chartered Member, Chartered Fellow, Distinguished Fellow, Retired Fellow and Retired

• a requirement for continuing professional development (CPD) for most member categories apart

from Associate and Retired

• annual disclosure and commitment to ethical standards under a charter

-Ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: