New Milestones Celebrated at HKICS Double Anniversary Academic Cocktail

Chartered Governance Professional -- a new designation offered by The Hong Kong Institute of Chartered Secretaries, alongside Chartered Secretary -- helps enhance the capabilities and roles of
Chartered Secretaries.

The Hong Kong Institute of Chartered Secretaries (HKICS),, is celebrating its 25th anniversary this year with a new programme of study to meet the demand for experienced
corporate governance professionals.

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HONG KONG, May 10, 2019 /PRNewswire/ -- Candidates who wish to become governance professionals in Hong Kong and Mainland China will benefit from access to the new study programme that is tailored to meet the challenges of leading a business in the twenty-first century.

At the Double Anniversary Cocktail Reception of The Hong Kong Institute of Chartered Secretaries (HKICS) for the academics held on 7 May 2019 and well attended by representatives from all major universities and academic institutions, HKICS's ongoing development was at the forefront of the festivities. The HKICS leadership unveils the New Qualifying Programme (NQP) for the accreditation of a new designation – Chartered Governance Professional (CGP) alongside the internationally recognised designation Chartered Secretary.

The New Qualifying Programme (NQP) for Accreditation of Dual Designation

Designed at the same professional level as the current International Qualifying Scheme (IQS), and in response to the growing need for governance professionals, the New Qualifying Programme (NQP) places a greater emphasis on corporate governance including boardroom dynamics, corporate secretarial practice and compliance, a revised focus on accounting, finance and strategic management, as well as introducing a new module on risk management. It helps equip business leaders with unrivalled insight into the best practices in corporate governance, and assists corporations adapt to rapid changes brought on by regulation and technology.

HKICS will examine students under the NQP so that they acquire both Chartered Secretary (CS) and Chartered Governance Professional (CGP) designations concurrently. Being part of an international institute, holders of the dual designation are entitled to practice in other jurisdictions including Australia, Canada, Malaysia, Singapore, Southern Africa, the United Kingdom and Zimbabwe.

HKICS President David Fu FCIS FCS(PE) said at the Cocktail Reception, "The New Qualifying Programme will replace the existing International Qualifying Scheme on 1 January 2020. While maintaining the core learning of corporate secretarial practice, the New Qualifying Programme will place a greater emphasis on compliance and advanced governance such as boardroom dynamics, as well as introducing a new module on risk management."

"The new course of study and the dual designation are forward-thinking initiatives to meet the demand for well-trained, good governance professionals in an increasingly regulated and risk-conscious environment. HKICS will continue working closely with regulators, employers, academic institutions and other stakeholders to promote higher standards of governance in this part of the world," Mr Fu further indicated.

International President of The Institute of Chartered Secretaries and Administrators (ICSA) and HKICS Past President Edith Shih FCIS FCS(PE) remarked, "This year also marks the 70th anniversary of the first informal grouping of Chartered Secretaries of The Institute of Chartered Secretaries and Administrators in Hong Kong.  In this double anniversary year for HKICS, which is the Hong Kong/China division of ICSA, and as the premier education and qualifying body for Chartered Secretary and Chartered Governance Professional in Hong Kong and Mainland China, the HKICS will continue to qualify and train talents who can take up diverse governance roles for different types of organisations, including publicly listed, large or small private companies, non-profit organisations as well as government bodies."

The new Chartered Governance Professional qualification is offered by ICSA with Royal Assent in the UK. ICSA was founded in 1891 and has become the premier global qualifying organisation for Chartered Secretary and Chartered Governance Professional who can act as company secretaries, chief governance officers, executives in compliance, oversight and regulatory roles as well as directors.  ICSA has nine divisions globally, including HKICS as the Hong Kong/China division.

About The Hong Kong Institute of Chartered Secretaries
(Incorporated in Hong Kong with limited liability by guarantee)

The Hong Kong Institute of Chartered Secretaries (HKICS) is an independent professional body dedicated to the promotion of its members' role in the formulation and effective implementation of good governance policies as well as the development of the profession of Chartered Secretary and Chartered Governance Professional in Hong Kong and throughout Mainland China.

HKICS was first established in 1949 as an association of Hong Kong members of the Institute of Chartered Secretaries and Administrators (ICSA) of London. It was a branch of ICSA in 1990 before gaining local status in 1994 and has also been ICSA's China/Hong Kong Division since 2005. The ICSA is in the process of changing its name to The Chartered Governance Institute.

HKICS is a founder member of Corporate Secretaries International Association (CSIA) which was established in March 2010 in Geneva, Switzerland. In 2017, CSIA was relocated to Hong Kong in which it operates as a company limited by guarantee. CSIA aims to give a global voice for corporate secretaries and governance professionals.

HKICS has more than 6,000 members and 3,200 students of the Institute. 

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