Chartered Director
Programme
The Institute of Directors (IoD) has conducted an extensive consultation
process with the aim of developing a programme that delivers greater
professionalisation of directors.
Following 116 online submissions, seven focus groups, several stakeholder
meetings and other feedback, a detailed proposal was presented to the
IoD National Council in April. This proposal was approved and the process
of implementation, communication and transition will now begin.
Key features
Membership structure
The Chartered Director programme is designed to
transition the IoD from a membership organisation
into a professional body. The programme aims to
offer members meaningful recognition for their
experience and expertise and to provide the market
assurance of the quality of IoD members. The key
features are:
A diagram outlining the new membership structure
and the key requirements for each category is
shown on page two of this document. Under the
new structure there are six categories:
• compulsory continuing professional development
(CPD) and assessment for members
o an evidence-based CPD portfolio system
where members are required to link their
activity to the IoD’s New Zealand Director
Competency Framework in order to
improve their practice
• continuous disclosure under a charter
o the charter will include the principles of ‘fit
and proper’ as appropriate to governance
• a change to the membership structure (see below
for further details).
Associate
Member
Chartered Director
Fellow (Chartered Director)
Distinguished Fellow
Retired.
All categories except Associate and Retired have a
requirement for CPD and continuous disclosure
under a charter. Existing IoD members who do not
wish to commit to CPD but wish to retain the
current benefits of membership will be able to
transition to associate status under the new
programme (although they will no longer be able to
use the post-nominal).
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Transition
As with all major changes the move to the
Chartered Director programme will require a period
of transition. The full details of this transition are
still to be developed but it will include all existing
iod.org.nz
IoD members being transitioned to the new
‘Member’ category. Members will be able to
choose to transition to the ‘Associate’ category if
they do not wish to take on the responsibilities of
the Member category.
Timeline
The structural and constitutional changes required
will be made at the 2014 AGM. The new rules
reflecting these changes will be available shortly for
consultation. In the meantime questions and
comments should be channeled through
chartereddirector@iod.org.nz
Associate
Member
The IoD is confident that this significant change will
lift the game of directorship in New Zealand. It will
ensure that members are recognised and respected
for their commitment to high standards of
professionalism and their on-going engagement
with the director community. It will also give the
market confidence that IoD members have
demonstrated professional standards and have a
commitment to best practice and on-going
professional development.
The transition to the new programme will take time
and it is vital that we get it right. We will continue
to keep you updated with progress and provide
additional information as it becomes available.
Check our website, www.iod.org.nz for updates.
Chartered
Director
Fellow
Chartered
Director
• Nominated by
Meets current
membership
requirements,
receives current
member
benefits
Subject to IoD
Code of Practice
• Nominated by
sponsor
• Experience
guidelines to be
developed*
• Assessment*
sponsor
• Experience
guidelines to be
developed*
• Assessment^
• References
• Interview panel
At this stage
there will be no
changes to
Fellow criteria.
Charter
Initial sign-up and annual declaration (continuous disclosure)
Retired
Includes:
• Member
• Chartered
Director
• Fellow
• Dist Fellow
Receives current
retired member
benefits
Subject to IoD
Code of Practice
Continuing professional development
Evidence-based portfolio (linked to IoD’s New Zealand Director Competency
Framework)
*Experience guidelines will be developed to measure quality of experience, using a range of indicators.
^Assessments for membership and Chartered Director will be developed from the IoD’s New Zealand Director Competency
Framework. IoD courses will not be a prerequisite, but as an indication of preparedness the Essentials courses will be
recommended at member-entry level, and the Company Directors’ Course at Chartered Director level.
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