03 May 2016
Monthly updates from ICSA: The Governance Institute
The new membership subscription year begins on 1 August 2016. A renewal pack will be sent out to members in early June 2016, so please keep an eye out for it.
The start of the new subscription year also means Continuing Professional Development (CPD) for 2015/16 should be logged and declared by 31 July 2016. Completion of compulsory CPD shows our members’ commitment to the profession and that they have kept their knowledge up-to-date in a fast-changing environment.
During September and October of 2016 we will be randomly selecting some members for CPD auditing − so we ask that you please have your supporting evidence ready. If you need help registering or declaring CPD, please contact us
A full list of next year’s membership fees will be published in the next issue of Governance and Compliance.
At this year’s graduation and membership ceremony, we will be celebrating the achievements of our newest graduates and welcoming old friends as they achieve Associate and Fellow status. We will also be offering our thanks to those members who have reached 50 years’ membership of ICSA.
Doors open at 11.30am, when refreshments will be served and gowning and photography will open. The ceremony begins at 2.30pm and further refreshments will be available after the ceremony. You will be able to bring up to three guests to celebrate with you. Numbers are limited so book early to avoid disappointment.
Date: 27 May 2016
Venue: Merchant Taylor’s Hall, 30 Threadneedle Street, London, EC2R 8JB
Visit the ICSA website to book your attendance now.
On 23 May, we will be launching the latest edition of the FT–ICSA Boardroom Bellwether. This survey, conducted shortly before the EU referendum, offers a unique insight into what British FTSE 350 boards are thinking about a range of topical issues. Join us at this breakfast briefing launch event, where we will share our findings.
Venue: Saffron House, 6-10 Kirby Street, London, EC1N 8TS
Time: 8.30–9.30am (registration from 8am)
Visit the ICSA website for more information and to book your place.
In June, the Institute of Directors (IoD) will publish the 2016 edition of the ‘Good Governance Index’, which ranks UK-listed companies in terms of their corporate governance. Attempts to help companies benchmark their corporate governance against their peers is to be encouraged, so we will be working with the IoD and their partners to make the index more reflective of the needs of companies and investors. This will give greater recognition to the ‘comply or explain’ principle of the UK Corporate Governance Code. As part of the assessment process, the IoD and ICSA are asking ICSA members to take a short survey. It will ask for your assessment of the governance standards of major UK-listed companies. The information supplied will be on a confidential basis.
Please visit the ICSA website to take the survey.
ICSA: The Governance Institute and EY have released a new research project into the role of the nomination committee, ‘The nomination committee − coming out of the shadows’. The impetus for this project came from a shared view that the nomination committee plays a crucial role in the effective functioning of boards, yet has not been afforded the same amount of analysis and guidance as the other committees. A highly effective board is essential if companies are to produce sustainable returns for their shareholders, stakeholders and wider society.
As the regulators, investors and others are also focusing their attention on this area, we have discussed this report with the FRC and hope that the insight will help as it considers its next steps.
The report will be published on the ICSA website shortly.