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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news