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					Bridging the skills gap:
Educating chartered
secretaries
Stephen Sadie
CEO
Chartered Secretaries Southern Africa
10 September 2009
Outline
1. Skills gap
2. Chartered accountants
3. Corporate governance failures
4. Our education process
5. Where we fit in
6. Our students
7. Our members
SKILLS GAP
Scarce skills in financial sector
• Accountants, auditors and company secretaries
• ICT managers
• HR and training managers
• Information and organisation professionals
• Business and systems analysts and programmers
• Accounting clerks and bookkeepers

   •   Fasset (2009: 51)
    Financial service professionals by race (%)

                           2000        2001         2002         2003         2004
      African                     11           16           17           21           18
      Coloured                     7            7            7            8            4
      Indian                       8           13            8           10            9
      White                       71           63           68           61           67
      Other                        3            1            0            0            2
                              100             100          100          100          100



•    Van Zyl (2008: 375)
Role of professional bodies
Professional bodies play a key role in the preparation of new
  entrants
• the establishment of educational standards,
• the development of curricula for the qualifications they award,
• the provision of training,
• the accreditation of training institutions,
• the setting of and administration of examinations,
• the awarding of qualifications.
Professional body                                            Acronym   Membership
Association of Accounting Technicians                        AAT       1 017

Association for the Advancement of Black Accountants of SA   ABASA     2 500

Association of Chartered Certified Accountants               ACCA      1 800

Chartered Institute of Management Accountants                CIMA      4 300

Chartered Secretaries Southern Africa                        ICSA      2 600

South African Institute of Professional Accountants          SAIPA     7 500

South African Institute of Tax Practitioners                 SAIT      1 500

Institute of Administration and Commerce                     IAC       1 100

Institute of Internal Auditors of South Africa               IIA-SA    5 000

Institute of Public Finance Accountants                      IPFA      400

South African Institute of Chartered Accountants             SAICA     39 100

  •   Fasset (2009; 9)
CHARTERED ACCOUNTANTS
Immigration and emigration of accountants and related
professionals 1990 - 2002
600


500


400


300                                                                                                  Emigration
                                                                                                     Immigration
200


100


    0
          1990   1991   1992   1993   1994   1995   1996   1997   1998   1999   2000   2001   2002



•       Van Zyl (2008: 382)
Racial profile of chartered accountants, 2004




•   Van Zyl (2008: 380)
    Gender profile of people who majored in accounting at
    university (%)


                          1991   1996       2001
    Female                15.3   21.3       29.2
    Male                  84.5   78.5       70.7
    Total                 100    100        100


•   Van Zyl (2008: 381)
No of people who majored in accounting

    Qualification              1991   1996     2001
    First degree               9 842 14 680   20 694
    Postgraduate diploma or   12 151 16 558   25 236
    honour’s degree
    Master’s degree              42      69     213
    Doctoral degree               4       5      15
    Total                     22 039 31 312   46 158

•   Van Zyl (2008:376)
CORPORATE GOVERNANCE
FAILURES
Corporate governance failures
Company secretaries
• King III – “The board should be assisted by a competent, suitably
  qualified company secretary”
• Companies Act – “knowledgeable or experienced in relevant
  laws”
• “Brave new era for company secretaries” - Mervyn King
• Advise the board
• Company secretaries should be chartered secretaries
OUR LEARNING PROCESS
Action learning cycle



                        action
• learning                       • learning
                    • learning

    action                         action
Lifelong learning
• Learning@work
• Contact vs distance
• Ethics
• Accountability
• Disciplinary process
WHERE WE FIT IN
        Accrediting bodies                  Qualifications Authority
                                                     SAQA
Council on Higher Education (CHE) –
  universities, technikons and private
            higher education

                                           NATIONAL QUALIFICATIONS
  UMALUSI – schools and further                 FRAMEWORK (NQF)
       education colleges                 10 levels (ABET to Doctorate)


   Quality Council on Trades and
                                                     SETAs
    Occupations (QCTO) – trades,
    occupations and professions
                                                    FASSET

                                         Chartered Secretaries Southern
                                                      Africa
                                                 (NQF Level 7)
Fasset model of quality assurance
• Unique quality assurance model
• Quality Assurance Partners (QAP)
 • Quality Assurance functions are devolved to professional bodies
 • QAP status granted to Chartered Secretaries Southern Africa in
   March 2008
   – Responsible for accrediting training providers offering its qualifications
Status of our qualifications
• Professional body
• QAP
• 6 qualifications
  • Registered on the NQF
  • IBS (NQF3 and 4)
  • CIS (NQF5 (x 2) and 6)
  • Board (NQF7)
OUR STUDENTS
Board students by gender and race
CIS students by gender and race
Board students 2003 - 08
CIS students 2003 - 08
IBS students 2003 - 04
OUR MEMBERS
CPD 2009

Minutes and Resolutions        Olasesi Martins
(New Companies Act)
Induction of Board Members     Risenga Maruma
The Duties of Directors (New   Bethuel Ngwenya
Companies Act)
The Compliance Function        Bart Henderson
Business Rescue (New           Jan van der Walt
Companies Act)
CPD 2009

The Company Secretary and       Carina Wessels
King III
The Consumer Protection Act     Neville Melville
The Role and Functions of       Rory Voller
CIPRO
Get your Money Sooner           Roger Knowles
Finance for the Non-Financial   Grant Vernon
Manager
Applied Corporate Governance:   Bethuel Ngwenya
Governance in Motion
CPD 2008

Ethics                            Prof Rossouw
Assessor Training               Jacqui Baumgardt
Meetings, Minutes and Agendas    Olasesi Martins
Governance for Non-executive     Jonathan Lewis
Directors
Risk Management                 Craig Rosewarne
CPD 2008

New Companies’ Act                    Carl Stein
Practical Risk Management            Pat Mahony
Board Evaluations for Company        Pat Mahony
Secretaries
Excel                              Prof John Shochot
Board and Committee Charters          Pat Mahony
Company Secretarial Practice and      Joel Wolpert
Corporate Laws
PPG members by industry type
PPG members by race



                           539



                                 Asian
                                 Black
                                 Coloured
                                 White

                 88
            55
                      17
CIBM Member by type

 1400                        ACIBM

 1200                        AffCIBM
 1000
                             CIBM Member
  800
                             FCIBM
  600
  400                        LCIBM

  200
                             Retired
    0                        Members
        2009   2008   2007   TCIBM
References
• Fasset (2009), Fasset Sector Skills Plan 2005 to 2011. 11 August
  2009. [online] Available http://www.fasset.org.za, (accessed 5
  September, 2009)
• Van Zyl, E (2008), Financial Services Professions. In: Kraak, A. and
  Press, K. (Eds.) Human Resources Development Review. (365-387).
  Pretoria: HSRC Press.
Stephen Sadie
CEO (MBA, M. Ed)
Chartered Secretaries Southern Africa
stephen@icsa.co.za




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