Bridging the skills gap:
Educating chartered
secretaries
Stephen Sadie
CEO
Chartered Secretaries Southern Africa
10 September 2009
Outline
1. Skills gap
2. Chartered accountants
3. Corporate governance failures
4. Our education process
5. Where we fit in
6. Our students
7. Our members
SKILLS GAP
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)
Financial service professionals by race (%)
2000
African
•
2001
2002
2003
2004
11
16
17
21
18
Coloured
7
7
7
8
4
Indian
8
13
8
10
9
White
71
63
68
61
67
Other
3
1
0
0
2
100
100
100
100
100
Van Zyl (2008: 375)
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.
Professional body
Acronym
Membership
Association of Accounting Technicians
AAT
1 017
Association for the Advancement of Black Accountants of SA
ABASA
2 500
Association of Chartered Certified Accountants
ACCA
1 800
Chartered Institute of Management Accountants
CIMA
4 300
Chartered Secretaries Southern Africa
ICSA
2 600
South African Institute of Professional Accountants
SAIPA
7 500
South African Institute of Tax Practitioners
SAIT
1 500
Institute of Administration and Commerce
IAC
1 100
Institute of Internal Auditors of South Africa
IIA-SA
5 000
Institute of Public Finance Accountants
IPFA
400
South African Institute of Chartered Accountants
SAICA
39 100
•
Fasset (2009; 9)
CHARTERED ACCOUNTANTS
Immigration and emigration of accountants and related
professionals 1990 - 2002
600
500
400
Emigration
300
Immigration
200
100
0
1990
•
1991
1992
Van Zyl (2008: 382)
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
Racial profile of chartered accountants, 2004
•
Van Zyl (2008: 380)
Gender profile of people who majored in accounting at
university (%)
Female
Male
Total
•
Van Zyl (2008: 381)
1991
15.3
84.5
100
1996
21.3
78.5
100
2001
29.2
70.7
100
No of people who majored in accounting
Qualification
First degree
•
1991 1996
9 842 14 680
2001
20 694
Postgraduate diploma or
honour’s degree
Master’s degree
Doctoral degree
12 151 16 558
25 236
69
5
213
15
Total
22 039 31 312
46 158
Van Zyl (2008:376)
42
4
CORPORATE GOVERNANCE
FAILURES
Corporate governance failures
SABC
LeisureNet
Tannen
baum
SAA
Transnet
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
OUR LEARNING PROCESS
Action learning cycle
• learning
action
action
• learning
• learning
action
Lifelong learning
• Learning@work
• Contact vs distance
• Ethics
• Accountability
• Disciplinary process
WHERE WE FIT IN
Accrediting bodies
Qualifications Authority
SAQA
Council on Higher Education (CHE) –
universities, technikons and private
higher education
UMALUSI – schools and further
education colleges
Quality Council on Trades and
Occupations (QCTO) – trades,
occupations and professions
NATIONAL QUALIFICATIONS
FRAMEWORK (NQF)
10 levels (ABET to Doctorate)
SETAs
FASSET
Chartered Secretaries Southern
Africa
(NQF Level 7)
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
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)
OUR STUDENTS
Board students by gender and race
CIS students by gender and race
Board students 2003 - 08
CIS students 2003 - 08
IBS students 2003 - 04
OUR MEMBERS
CPD 2009
Minutes and Resolutions
(New Companies Act)
Induction of Board Members
The Duties of Directors (New
Companies Act)
The Compliance Function
Business Rescue (New
Companies Act)
Olasesi Martins
Risenga Maruma
Bethuel Ngwenya
Bart Henderson
Jan van der Walt
CPD 2009
The Company Secretary and
King III
The Consumer Protection Act
The Role and Functions of
CIPRO
Get your Money Sooner
Finance for the Non-Financial
Manager
Applied Corporate Governance:
Governance in Motion
Carina Wessels
Neville Melville
Rory Voller
Roger Knowles
Grant Vernon
Bethuel Ngwenya
CPD 2008
Ethics
Assessor Training
Meetings, Minutes and Agendas
Governance for Non-executive
Directors
Risk Management
Prof Rossouw
Jacqui Baumgardt
Olasesi Martins
Jonathan Lewis
Craig Rosewarne
CPD 2008
New Companies’ Act
Practical Risk Management
Board Evaluations for Company
Secretaries
Excel
Board and Committee Charters
Company Secretarial Practice and
Corporate Laws
Carl Stein
Pat Mahony
Pat Mahony
Prof John Shochot
Pat Mahony
Joel Wolpert
PPG members by industry type
PPG members by race
539
Asian
Black
Coloured
White
55
88
17
CIBM Member by type
1400
ACIBM
1200
AffCIBM
1000
CIBM Member
800
FCIBM
600
LCIBM
400
200
0
2009
2008
2007
Retired
Members
TCIBM
References
• Fasset (2009), Fasset Sector Skills Plan 2005 to 2011. 11 August
2009. [online] Available http://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.
Stephen Sadie
CEO (MBA, M. Ed)
Chartered Secretaries Southern Africa
stephen@icsa.co.za
ANY QUESTIONS?