1 May 2018 - The London Institute of Banking & Finance and ICSA: the Governance Institute today (1 May) announced that ProShare, the voice of the employee share ownership industry in the UK, is moving to ICSA.

Alex Fraser, CEO of The London Institute of Banking & Finance, said:

“ProShare does a really valuable job in representing employee share plan practitioners and promoting employee share ownership. We’re really proud to have been able to play our part in its work. However, increasingly, employee share ownership is part and parcel of the corporate governance agenda and there’s a real need to ensure employee voices are heard at Board level. ProShare and ICSA are a perfect match in terms of taking this work forward. The London Institute of Banking & Finance will continue to focus on its core mission – to promote lifelong learning in financial services, providing a wide range of qualifications.”

Simon Osborne, Chief Executive at ICSA: The Governance Institute, said:

“ICSA’s position as the membership and qualifying body for the wider governance audience creates opportunities for both ICSA and ProShare. There is an increasing recognition of the importance of the employee stakeholder and consequently of the role of responsible employee share ownership in good corporate governance. This means that we will be able to make use of shared strengths to provide an enhanced offering for all our members. We are delighted to welcome ProShare to the ICSA family and look forward to leveraging our joint lobbying reach to strengthen our voices in the governance debate.”

Gabbi Stopp, Head of Employee Share Ownership at ProShare, said:

“Many of ProShare’s members, especially in-house share plans practitioners, will already be familiar with ICSA as there is considerable crossover in our respective audiences and stakeholders. We are pleased to be joining ICSA at such a pivotal time for corporate governance in the UK as this will help us position the employee shareholder and their interests at the forefront of the debate. ProShare will continue to serve its members and act as the voice of the employee share plans industry in the UK.”

Key facts about the move

  • ProShare transferred to ICSA on 30 April. There will be a short transition period. 
  • It will very much be ‘business as usual’ during the transition. ProShare will continue to operate independently for the benefit of its members and customers, as it does now. 
  • For the longer term, the transfer has the potential to enhance membership offerings for ICSA and ProShare members, for example by offering reciprocal discounts on training and events.

For further information contact:
Heather Tilston, LIBF & ProShare   

E: htilston@libf.ac.uk          T: 020 7444 7103      M: 07920 498961

Maria Brookes, ICSA                       

E: mbrookes@icsa.org.uk   T: 020 7612 7072      M: 07890 649143

About ProShare

  • ProShare has been the voice of employee share ownership since 1992 when we were established by HM Government, a group of FTSE 100 companies and the London Stock Exchange to promote wider share ownership. 
  • Today, we focus solely on helping to promote employee share ownership in the UK and are the voice of employee share plan practitioners and professionals.

About The London Institute of Banking & Finance

  • The London Institute of Banking & Finance has been at the heart of the finance sector since 1879 and is a leading provider of financial education. We’re a registered charity, incorporated by Royal Charter.
    • We’re a university college, providing undergraduate and postgraduate degrees for students aiming to pursue a career in banking and finance. 
    • We’re the only specialist provider of personal finance qualifications delivered in schools across the UK under the national curriculum. 
    • And we’re an awarding body for finance sector qualifications, both in the UK and internationally.

About ICSA: The Governance Institute

  • ICSA: The Governance Institute is the professional body for governance with a Royal Charter to lead ‘effective governance and efficient administration of commerce, industry and public affairs’. With over 125 years’ experience, and members in all sectors, we work with regulators and policy makers to champion high standards of governance and provide qualifications, training and guidance. Website: www.icsa.org.uk 

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