standards governance

The CfA has now completed the development of the first set of new occupational Standards for Governance to reflect the UK Corporate Governance Code from June 2010 and to provide our customers with the most up-to-date practice in relation to board leadership and effectiveness. They are linked to the CfA occupational Standards for Company Secretaries which are currently awaiting approval.

The occupational Standards are aimed at existing board members or people aspiring to board membership. They are designed to underpin Best Governance Practice and focus on five areas:

providing an effective governance structure
providing a strategic direction
ensuring effective management of an organisation and implementation of the strategy
ensuring accountability, managing relationships and communications with stakeholders
providing support to the Governing Body, the organisation its key stakeholders and shareholders

The development group included known experts in the field of Corporate Governance:

Chris Pierce, CEO, Global Governance Services Ltd
Dean Fathers, Director, The Centre for Better Managed Health and Social Care, City University/CASS Business School
Sharon Constançon, CEO, Genius Methods Ltd
Vanessa Jones, Head of Corporate Governance, Institute of Chartered Accountants for England and Wales (ICAEW)
Carolyn Williams, Head of Thought Leadership, Institute of Risk Management (IRM)
John Mann, Consultant for the Federation of Small Businesses (FSB)

There are a total of thirteen occupational Standards which can be downloaded from our website:

Governance

Filename	Size
CS1 Comply with statutory and Governance best practice requirementsSC.pdf	40.91 KB
CS2 Maintain registers and use of common sealSC.pdf	37.98 KB
CS3 Plan organise and conduct Governing Body and committee meetingsSC.pdf	41.91 KB
CS4 Plan organise and conduct general meetingsSC.pdf	54.43 KB
CS5 Communicate with key stakeholders.pdf	40.15 KB
GOV 1 Define the remit of a Governing Body.pdf	34.89 KB
GOV 2 Define the composition of the Governing Body.pdf	33.43 KB
GOV 3 Appoint and oversee Governing Body.pdf	33.3 KB
GOV 4 Organise Governing Body Meetings.pdf	34.64 KB
GOV 5 Monitor the performance of the Governing Body.pdf	33.02 KB
GOV 6 Determine and review the organisation's purpose vision and values.pdf	34.46 KB
GOV 7 Determine the organisation's strategyand its approach to risk.pdf	34.61 KB
GOV 8 Ensure the organisation's structure, resource allocation and remuneration systems align with its strategy.pdf	34.03 KB
GOV 9 Establish and seek assurance that internal control, management and compliance procedures are in place.pdf	35.86 KB
GOV10 Comply with the organisation's legal responsibilities.pdf	33.59 KB
GOV11 Determine and review the organisation's ethical, social and environmental responsibilities.pdf	34.7 KB
GOV12 Manage relationships with stakeholders.pdf	34.32 KB
GOV13 Provide information to user groups.pdf	33.79 KB