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May 2015 - monthly update

20 April 2015

Graduation and Membership Ceremony 2015 - read more

The ICSA Graduation and Membership Ceremony 2015 is being held at Merchant Taylor's Hall on 29 May.


Graduation and Membership Ceremony 2015

The ICSA Graduation and Membership Ceremony 2015 is our celebration of the achievements of our newest graduates, a chance to welcome members as they achieve Associate and Fellow status and thank those who have reached 50 years’ membership of ICSA. Held in the heart of the City of London at Merchant Taylor’s Hall on 29 May, doors open at 11.30am, when refreshments will be served and gowning and photography opens. The ceremony begins at 2.30pm and further refreshments will be available from 4pm. Register your attendance no later than 8 May at icsa.org.uk/graduation2015

Good governance in academies

ICSA is holding a panel discussion examining what good governance in the academies sector looks like. On 28 April, at Saffron House, London, new research which suggests that academies are struggling to move from compliance-based governance to impact-focused governance will be discussed. Topics will include the pressures affecting how academy trusts shape their governance arrangements, what happens when those arrangements fail and the measures trusts can adopt to prevent abuse. The event will be chaired by Katie Paxton-Doggett FCIS, a company secretary for academy trusts, and the panel includes Nigel Ward, Founder and CEO of Northern Schools Trust and Chris James, Professor of Educational Leadership and Management at University of Bath.

For more information or to register, visit icsa.org.uk/events

Governance beyond regulation

On 19 March Peter Montagnon, Associate Director of the Institute of Business Ethics, told the audience at the Worshipful Company of Chartered Secretaries and Administrators’ annual Rivers Lecture that corporations should ‘develop a culture that protects them from risk, secures their franchise and enables them to deliver sustainable benefits for their customers, shareholders and other stakeholders’. He discussed the usefulness of regulation, stressing that formal compliance alone does not deliver a healthy culture.

Simon Osborne, Chief Executive of ICSA, moderated the Q&A session which followed the lecture and agreed with Mr Montagnon, adding: ‘What really matters is how businesses and their employees make choices at every level and what drives those choices. Poor values will lead to a poor business model which, at the end of the day, is not sustainable. Companies that are at odds with society will ultimately find their franchise at risk.’

ICSA Awards 2015

We are delighted to announce that nominations are now open for the ICSA Awards 2015. These prestigious awards celebrate the achievements of individuals, teams and organisations in the company secretarial and governance community. If you know anyone who deserves recognition for their contribution to the profession, now is your chance to reward them.

Submit your entry online at icsa.org.uk/awards2015

Regional conference season begins

Conference season has started – with six dates across the UK and Republic of Ireland running this spring and summer. Covering a broad range of topics, ICSA conferences offer delegates an invaluable opportunity to access practical solutions to the challenges of doing business in an increasingly globalised economy. In addition to increasing their knowledge, attendees will benefit from building their CPD hours and networking with governance professionals in their area. The conferences are running in:

    Guernsey – Wednesday 29 April
    London – The ICSA Charity Governance Conference – Thursday 30 April
    Isle of Man – Thursday 14 May
    Ireland – Tuesday 26 May
    Scotland – Thursday 10 June

For more information visit icsa.org.uk/events/conferences-and-summits


Policy Update events

On 24 March, 50 members came to the Institute to hear Peter Swabey FCIS, ICSA Policy and Research Director, talk about some of the topics that the policy team is currently working on, including:

  • The new register of Persons with Significant Control (the PSC Register) being introduced by the Government in the Small Business, Enterprise and Employment Bill. Peter is chairman of the working group assisting BIS in drafting the non-statutory guidance for the PSC register and welcomes suggestions for topics that the guidance might cover.
  • The UK Implementation of the EU Audit Directive and Regulation, on which ICSA has been favoured with consultations by both BIS and the FRC.
  • The revised pre-emption group guidelines, published by the FRC last week.
  • Investor stewardship, where we are seeking issuer feedback on the effectiveness of the Stewardship Code. ICSA and various partners are involved in surveying companies to obtain better information as to how effectively investors are engaging with them. The survey has been circulated to 1,000 companies, and a report will be published in June.

Upcoming Policy Updates:
    Monday 18 May – Not for Profit
    Tuesday 30 June – Corporate
    Tuesday 22 September – Corporate
    Thursday 12 November – Not for Profit
    Thursday 10 December – Corporate

View the slides from the last Update at www.slideshare.net/ICSAMarketing or listen to the podcast at icsa.org.uk under the knowledge and guidance section, titled Policy Updates.


New shop website

We have just launched our new online shop. With a brand new look and responsive design, it offers simpler browsing and a faster checkout, including one-click buying.

Take a look at the new site at icsa.org.uk/shop


New branch launches in Tanzania

ICSA has launched a new branch in Tanzania – one of the fastest growing economies in East Africa.

Farzana Karimjee, Head of Advisory at FB Attorneys, who is convening the branch, said: ‘Tanzania ... will continue to prosper and grow due to political stability and prospects in the oil and gas sector. The establishment of the Tanzanian branch of ICSA is a great step as it will allow us to train legal and other professionals engaged in company secretarial work as chartered secretaries. This will help the development of good governance, which is key to sustaining Tanzania’s economic growth.’

Simon Osborne, Chief Executive of ICSA, added: ‘The launch of a branch in Tanzania highlights our belief that East Africa has great potential as a region that can achieve long-term, sustainable growth. It is a welcome addition to our other branches in the region – Kenya, Uganda and Zambia – and we welcome it to the ICSA family.’ 

Member Notice

A Tribute to Lord Sheppard FCIS

With great sadness we report that on 25 March Lord Sheppard of Didgemere has died at the age of 82. Allen was a long serving Fellow of the Institute and will be greatly missed. For more information on his long-standing career, see the April issue of In the Loop.

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