User:StephneduToit/sandbox

Institute of Directors in Southern Africa

About

The Institute of Directors in Southern Africa NPC (IoDSA) is a professional body recognised by the South African Qualifications Authority (SAQA) owning the Chartered Director (SA) designation, and a non-profit company (NPC) that exists to promote corporate governance and to maintain and enhance the credibility of directorship as a profession. The organisation was established to create Better directors. Better boards. Better business. That those charged with governance duties in all sectors be empowered to discharge these duties effectively. Supporting and developing those charged with governance duties through providing thought leadership and a platform for peer interaction. Doing so through strategic focus to: •	Achieve organisational growth in a sustainable manner; •	Set principles, develop guidance and support implementation of good governance practices; •	Be the professional body for directors with the view of developing the profession; •	Broaden our influence and reach by developing a committed and loyal membership base; •	Provide learning and development opportunities that increase the number of competent directors on all boards; •	Build a credible and visible brand; •	Serve as a hub for collaboration between like-minded professional institutes; •	Serve as a role model for corporate governance and leadership. The IoDSA is the founding member of both the Global Network of Director Institutes (GNDI) as well as the African Corporate Governance Network (ACGN).

History

In 1960, the Institute of Directors in London established a branch in South Africa to canvass the business community to join the London institute. The organisation was incorporated as a Section 21 company under the Companies Act, 1973 in 1985. In 1992, the IoDSA convened and began serving as secretariat for the King Committee, issuers of the King Reports on Governance in South Africa. The IoDSA then evolved to become an independent institute in 2009, ending its formal affiliation under the IoD UK in favour of a relationship between equals. In 2012, the IoDSA was awarded status as a professional body for directors by the South African Qualifications Authority (SAQA), launching the Chartered Director (South Africa) designation a year later. The organisation commenced the drafting of King IV in 2014, which was then launched in 2016.

Ownership and Structure

The loDSA is a non-profit company (NPC) and as a membership organisation, there is no clearly defined ownership structure. It is technically owned by its active members at any given time. As membership changes on an ongoing basis, the ‘ownership’ structure is not a set structure.

The organisation is run by a Board of members elected from the membership at the Annual General Meetings. The Board consists of not more than 13 members. The Board elects various committees i.e. Audit and Risk Committee; Social and Ethics Committee; Remuneration Committee; Investment Committee and Nomination Committee.

Membership

The IoDSA membership represents prestigious and diverse South African business leaders, providing a unique opportunity for networking and business development in all sectors. Membership of the IoDSA provides both professional and lifestyle benefits.

There are three membership categories: Individual membership - this is the default option and allows full membership benefits Associate membership - allows part access to membership benefits for those candidates who do not qualify for full membership Board membership - provides organisations with the opportunity to join their full boards at a discounted group membership rate

Eligibility criteria and benefits for IoDSA membership are available on the IoDSA website.

Director Development

The Director Development Offerings and events were established to contribute to the development of better directors, and ultimately, better boards. The enhanced leadership and direction in turn delivered by these well-equipped boards yield better business.

The IoDSA Director Competency Framework TM (DCF) contains 20 competencies that epitomise the competent director. All our offerings are aligned to the DCF and we are therefore continuously striving to deliver relevant interventions –programmes, events, mentoring, assessment and certification - that equip directors with the necessary knowledge and insights required to fulfil their duties and to appreciate the importance of good governance.

Director Development and Events delivers a host of interventions aimed at supporting the continual learning and development of aspiring and experienced directors.

Individuals in leadership roles or involved in leading a business need to know how to do business. Governance is simply good business practice and needs to be effused throughout the business.

Chartered Director (SA)

The CD(SA)® designation is designed to enhance directorship as a profession and further promote sound corporate governance in South Africa. Although the Companies Act, 2008, provides for ineligibility and disqualification of directors, there are no professional or occupational qualification criteria. CD(SA)® assesses and credits the mastery of directors while enhancing the skills of directors in South Africa.

The CD(SA)® designation serves to: •	Enable directors to demonstrate their mastery of knowledge, skills and experience •	Enable directors to evidence their commitment to ongoing professional learning •	Enable directors to demonstrate their integrity and commitment to moral and legal duties; •	Create a pathway for aspirant directors to enhance their careers; •	Lend credibility to the profession by upholding standards for directorship and sound corporate governance; and, •	Result in better directors, better boards and better business in the interest of South Africa.

Governance Advisory Services

The IoDSA’s Centre for Corporate Governance provides advice on corporate governance, which entails: •	advising on best practice in accordance with the appropriate corporate governance code and best practice industry norms and standards, including assessments and diagnostic gap analysis •	advising on establishing and implementing ethics and related values frameworks •	advising on and drafting of charters, mandates and policies •	development of guidelines and tools on any corporate governance-related issues.

Board Appraisal Services

A well-conducted board appraisal achieves the following: •	Benchmarking board performance against established best practice •	Reflecting on the role of the board, its objectives and efficacy •	Creating the opportunity to enhance board effectiveness •	Informing best practice for the recruitment and appointment of directors •	Identifying future development needs

Independent facilitation lends objectivity to a board appraisal and it provides a non-threatening medium through which directors can provide frank input, enhancing the credibility of the appraisal process.

The IoDSA has been facilitating board appraisals for 7 years: •	Over 180 appraisals and seven years of experience •	Facilitation for directors, by directors •	Broad experience across multiple sectors •	Ability to benchmark performance against an extensive database of similar organisations •	Robust methodology based on King III •	Identification of director development training and action plans to address the board appraisal findings

Further detail on the Board Appraisal Service offering is available on the IoDSA website.

Thought leadership

The IoDSA provides governance thought leadership through various channels:

King Committee	The IoDSA owns the King Reports and Codes on Governance for South Africa and convenes and provides the secretariat to the King Committee on Corporate Governance. CRISA Committee 	The IoDSA owns the Code for Responsible Investing in South Africa (CRISA) and convenes and provides the secretariat to the CRISA Committee. Aims to assist members to be effective in their roles on audit committees through sharing knowledge with their peers, disseminating relevant information and focussing on key performance areas. The activities of the Forum have specific focus on the governance and accountability role and duties of public sector audit committee members. The activities of the Forum are funded by National Treasury and the IoDSA act as secretariat. Researching and disseminating information on developments relating to sustainability issues through regular meetings, workshops and, when appropriate, publications. A forum for professionals in the corporate governance field to amass their combined knowledge and experience to provide directors and senior executives with the tools to understand and implement sound governance. Researching and disseminating information on developments relating to Remuneration Committee issues through regular meetings, workshops and, when appropriate, publications.
 * Forums and Committees
 * Audit Committee Forum
 * Public Sector Audit Committee Forum
 * Sustainable Development Forum
 * Corporate Governance Network
 * Remuneration Committee Forum

Directorship Magazine

Directorship is the IoDSAs quarterly magazine, exclusive to IoDSA members. The editorial focus of the magazine is on matters affecting directors and those charged with governance duties. Other content includes legal, strategic, financial and operational updates from a director's perspective, as well as business and professional book reviews.

General Guidance Notes

Guidance on Governance aspects and key areas of interest and importance relating to Directors, Boards and governance.

Governance Matters

A quarterly e-newsletter is exclusive to IoDSA members on governance and legal updates.

Articles and Media Releases

The IoDSA regularly submits articles and media releases to external publications on governance-related news-worthy items.

Research

The IoDSA has produced governance-related research including: •	Non-executive directors fees guide •	Directors sentiment index •	African Governance Showcase