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July 2015 - monthly update

19 June 2015

ICSA has presented the Lord Mayor of London with an honorary fellowship


Fast track to a degree in good governance

Accountants in the Channel Islands are being offered a fast track to gain a masters degree in corporate governance and membership of ICSA. The GTA University Centre, in partnership with Bournemouth University, already provides a two-year course to gain a masters degree in corporate governance but now qualified accountants and suitably experienced, professionally qualified members of ICSA can join in the second year and complete the course within 15 months.

Accountants also become eligible to join ICSA. The corporate governance masters programme is taught part time, by academics and practitioners, and covers topics including international corporate finance, corporate stewardship and corporate governance and ethics.

A limited number of spaces are available. For more information visit www.icsa.org.uk/qualifications-and-careers and click on ‘accredited postgraduate courses’.

ICSA consultation on good academy school governance

The Academies Bill of 2010 has given many schools in England the opportunity to change how they meet the needs of their students and raise achievement through greater independence. These new freedoms have, however, brought new governance challenges and responsibilities. Research commissioned by ICSA into academy governance found that:

  • Academies are still in a transitional phase and are struggling to transform their governance.
  • Governance services used by academies are often ‘pick and mix’, based on pre-existing relationships and with variable results.
  • Emphasis tends to be on compliance without there being a real drive to improve governance standards that add value to the school and their pupils.
  • Larger trusts have more access to governance support.

To help academy schools achieve good governance, ICSA has developed a short maturity matrix for use by governing bodies and professionals. It is a self-assessment tool that describes a spectrum of governance practice. This ranges from an academy having fledgling governance arrangements, to those schools and trusts leading good practice and being sought out as ‘best-in-class’. ICSA’s aim is for the matrix to be an additional tool to complement the practical support available to those involved in the governance of academy trusts.

Feedback from people working in academy governance is an essential part of our development process. To gather these views ICSA is launching a short consultation, which will take place between 1 May and 30 June. To take part, download the document at www.icsa.org.uk/academies.


Academy governance maturity matrix consultation

As mentioned last month, ICSA is seeking views on a draft self-assessment tool to support the development of good governance in academy schools. The views and comments from people working in academy trusts on governance matters is vital for our development process. As it is now the busiest period in the academic calendar, we have decided to extend the deadline for feedback to 31 July.
Take part at www.icsa.org.uk/academies


The British Film Institute and Magenta Living join BoardPad

The British Film Institute is the latest organisation to implement BoardPad to create and distribute board meetings. The BFI joins more than 30 charitable organisations in making the switch from paper-based board packs to using BoardPad’s meeting and document collaboration solution that turns directors’ devices into highly secure digital board and meeting packs.

Alongside The BFI, Magenta Living, a not-for-profit organisation and the largest registered provider of affordable housing in the Wirral, has implemented BoardPad to create and distribute papers for the 30 board and committee meetings they hold each year. Connect, the administration platform for BoardPad, has aided administrators to quickly change agenda items, upload reports and publish last minute documents or changes with ease.

For more information about BoardPad or to book a demonstration, please contact +44 (0)20 7497 5511 or visit www.boardpad.com


FT-ICSA Boardroom Bellwether reception

ICSA is hosting an evening of drinks and conversation on 13 July as the latest FT–ICSA Boardroom Bellwether is launched. The FT–ICSA Boardroom Bellwether is a twice-yearly survey that seeks to gauge the sentiment inside UK boardrooms. It canvases the views of company secretaries in the FTSE 350 to find out how boards are addressing the challenges of the economy and the wider business and social environment.

This summer’s survey was conducted shortly after the recent general election and offers a unique insight into what British boards are thinking on a wide range of issues, among them priorities for the new Government and the referendum on the UK’s membership of the EU. Doors open at 6pm, when wine, soft drinks and canapés will be served. Doors close at 8pm. We look forward to seeing you.
For more information or to book, visit www.icsa.org.uk/events 

Member Notice

Membership renewals

I hope that all members have now received their membership renewals letters and I would like to say a big thank you to everyone who has been in touch with us. Your prompt responses are much appreciated. If you have not yet had yours, please log into www.icsa.org.uk/myicsa or get in touch with us directly, using the contact details below. Students will receive their renewal notices by email in early July.

Digital-only membership is currently available to members and students in reduced rate countries only.

If you have any comments, questions or would like to tell us about a change of circumstances, please drop us a line at membersupport@icsa.org.uk or call 020 7580 4741. We look forward to hearing from you, and to continuing to support your membership.

Theresa Minnie, Head of Client Relations and Members

Honorary fellowship for Lord Mayor

At the Worshipful Company of Chartered Secretaries and Administrators Livery Dinner on 5 May, ICSA President Lorraine Young presented the Lord Mayor of London, Alan Yarrow, with an honorary fellowship.

Speaking at the presentation, Lorraine said: ‘ICSA believes profoundly in trust through governance. I am sure that the Lord Mayor’s experience in the banking sector in recent years has shown him the importance of trust and I, and the rest of the institute, look forward to working with him more closely in the future in the vital task of raising standards of governance and compliance, whatever the sector.’

Mondaq partnership

ICSA is pleased to be working in partnership with the Mondaq knowledge portal to enrich the information services that we provide. Mondaq takes premium content from media and professional contributors and shares it with relevant audiences. Mondaq’s news and features for the crown dependencies and ICSA’s international territories is now being streamed onto our branch home pages to help you to stay abreast of the latest news and comment in your area. You can also see features powered by Mondaq in the community pages in MyICSA.

Take a look at www.icsa.org.uk/branches and let us know what you think at marketing@icsa.org.uk

UKRIAT Committee nominations

ICSA needs Fellows to stand for election to the UKRIAT Committee. Nominations are welcome between now and 14 September 2015, with the election period running throughout November 2015. To stand for nomination, you need to have Fellow status, be a member of UKRIAT and able to allocate sufficient time to meet the expectations of the role. You will also require two sponsors to countersign your nomination form.

For more information or to register your interest please contact Cynthia Mora-Spencer, Deputy Secretary at elections@icsa.org.uk, by telephone on 020 7612 7002 or by writing to the Deputy Secretary, ICSA, Saffron House, 6–10 Kirby Street, London, EC1N 8TS.

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