IoDSA launches Chartered Director (SA) designation
07 May 2013
Institute of Directors in Southern Africa (IoDSA) launched the Chartered
Director (South Africa) designation at a function at its Sandton offices last
night. At the function, the body appointed by the IoDSA Board to govern the
criteria and process for Chartered Director awarded the designation, also known
as CD (SA), to a select group of leading business luminaries. Among the
recipients were Roy Andersen, Tom Boardman, Michael Brown, Judy Dlamini, Thulani
Gcabashe, Godfrey Gomwe, Reuel Khoza, Mervyn King, Mark Lamberti, Tito Mboweni,
Imogen Mkhize, Mutle Mogase, Allen Morgan, Wiseman Nkuhlu, Sizwe Nxasana,
Hixonia Nyasulu, Gloria Serobe, and Malcolm Wymann.
"By accepting our invitation
to become Chartered Directors on the basis of their achievements and standing,
these men and women are acting as pioneers and role models for aspirant
professional non-executive directors,” comments Ansie Ramalho, CEO of the
IoDSA. "Aside from these by-invitation holders of the new designation,
candidates will undergo a rigorous selection process.
Similar designations for
directors have already been established in Australia, Canada, New Zealand and
the United Kingdom.
Speaking at the function,
Richard Foster, Chairman of the IoDSA, said that the new designation had the
potential to change the face of directorship as a profession in South Africa.
The keynote speaker, Nicky Newton-King, CEO of the Johannesburg Stock Exchange,
echoed this statement, saying that in today’s complex world, companies could no
longer be passive bystanders and their directors needed a growing range of
skills. Instead of attempting to regulate directors' duties in minute detail,
there should rather be an emphasis on ensuring competency. Ms Newton-King emphasised
the impact that the new designation with its transparent criteria would have on
transformation. "As we grow as a country, we will need a growing pool of
directors—this designation will help increase the pipeline,” she said.
"The role that non-executive
directors play have become central to business success,” observes Roy Andersen,
Chairman of the CD(SA) Governing Body. "In line with their expanded
responsibilities, directors have also assumed greater liability for the
consequences of their decisions. These developments have all contributed to the
emergence of company directorship as a distinct profession requiring certain
In fact, says Ms Ramalho,
the stereotype of the retired executive taking up directorships is gradually
changing as younger people begin to see directorship as a career path in
itself. The new CD (SA) designation will provide these emerging professionals
with a way of demonstrating that they meet a certain standard of knowledge and
experience, and that they are committed to continuing professional development
to maintain that standard. Holders of the CD (SA) designation will also have to
adhere to a code of professional conduct and submit to the organisation’s
To apply for admission as a
CD (SA), candidates must first have their skills evaluated against the Director
Competency Matrix created by the IoDSA. If they meet these criteria, they then
write an examination and submit to a peer review as specified by the CD (SA)
governing body. (Experience may exempt certain candidates from the need to sit
Directors need to affirm that they are practicing as directors, renew their
membership of the IoDSA, log at least 30 hours of continuing professional
development and reaffirm their subscription to the code of conduct.
For full information on the
Chartered Director (SA) designation, including admission criteria and code of
conduct, please visit www.iodsa.co.za.