Bridging the skills gap:

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Bridging the skills gap Educating chartered
secretaries Stephen Sadie CEO Chartered
Secretaries Southern Africa 10 September 2009
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Outline

• Skills gap
• Chartered accountants
• Corporate governance failures
• Our education process
• Where we fit in
• Our students
• Our members

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Skills GAP
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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)

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Financial service professionals by race ()

• Van Zyl (2008 375)

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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.

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• Fasset (2009 9)

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Chartered Accountants
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Immigration and emigration of accountants and
related professionals 1990 - 2002

• Van Zyl (2008 382)

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Racial profile of chartered accountants, 2004

• Van Zyl (2008 380)

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Gender profile of people who majored in
accounting at university ()

• Van Zyl (2008 381)

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No of people who majored in accounting

• Van Zyl (2008376)

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Corporate governance failures
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Corporate governance failures
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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

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Our learning process
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Action learning cycle
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Lifelong learning

• Learning_at_work
• Contact vs distance
• Ethics
• Accountability
• Disciplinary process

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Where we fit in
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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

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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)

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Our students
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Board students by gender and race
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CIS students by gender and race
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Board students 2003 - 08
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CIS students 2003 - 08
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IBS students 2003 - 04
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Our members
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CPD 2009
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CPD 2009
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CPD 2008
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CPD 2008
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PPG members by industry type
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PPG members by race
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CIBM Member by type
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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.

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Any questions?

• Stephen Sadie
• CEO (MBA, M. Ed)
• Chartered Secretaries Southern Africa
• stephen_at_icsa.co.za