Definition
Associate of the Institute of Chartered Secretaries and Administrators (ACIS): ACIS is a professional designation awarded to individuals who have demonstrated their knowledge and expertise in the fields of corporate governance, compliance, and company secretarial practices. This designation is given by the Institute of Chartered Secretaries and Administrators (ICSA), also known as The Chartered Governance Institute (CGI). The qualifications associated with ACIS prepare professionals to manage and oversee the regulatory and governance aspects of organizations.
Examples
- Corporate Secretary: An ACIS-qualified individual may work as a corporate secretary within a large corporation, ensuring that the company complies with legal and regulatory requirements, facilitating communication between the board of directors and management, and preparing agendas and minutes for board meetings.
- Governance Consultant: An ACIS professional might serve as a consultant, offering advisory services to companies on best practices in governance, compliance, and risk management.
- Chief Compliance Officer: With an ACIS qualification, one could work as a Chief Compliance Officer, overseeing the design and implementation of compliance programs to meet regulatory standards within a financial institution.
Frequently Asked Questions (FAQs)
What is the Institute of Chartered Secretaries and Administrators (ICSA)?
The Institute of Chartered Secretaries and Administrators (ICSA), now known as The Chartered Governance Institute (CGI), is a global professional body providing qualifications and promoting standards in governance, compliance, and company secretarial practices.
What are the requirements to become an ACIS?
To become an ACIS, individuals typically need to complete relevant exams offered by ICSA (CGI) and have several years of professional experience in the field of corporate governance or company secretarial work.
What are the benefits of obtaining an ACIS designation?
The ACIS designation is a mark of professional excellence and recognition in the fields of corporate governance and compliance. It opens up career opportunities in various industries, enhances professional credibility, and offers access to a global network of professionals.
How do I maintain my ACIS qualification?
Continued membership with ICSA (CGI) and ongoing professional development are essential to maintain ACIS qualification. This includes participating in regular training, courses, and keeping abreast of changes in relevant laws and regulations.
Is ACIS recognized internationally?
Yes, the ACIS designation is recognized internationally, particularly in regions with strong corporate governance frameworks such as the UK, Australia, South Africa, Hong Kong, and Malaysia.
Related Terms
- Corporate Governance: The system of rules, practices, and processes by which a company is directed and controlled.
- Company Secretary: An officer responsible for ensuring that an organization complies with standard financial and legal practice and maintains corporate governance.
- Compliance: The ability of an individual or organization to act according to an order, set of rules, or request.
- Risk Management: The process of identification, assessment, and prioritization of risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.
- Professional Qualification: A designation or certification that substantiates a person’s capability and competence in a specific field of professionalism.
Online References
- The Chartered Governance Institute (CGI) Official Website
- Corporate Governance Institute
- Professional Development Requirements | CGI
- Chartered Secretaries and Governance Professionals
- Global Governance Landscape
Suggested Books for Further Studies
- “Corporate Governance and Accountability” by Jill Solomon
- “The Art of Company Secretaryship: A Practical Guide” by N. Venkatraman
- “Corporate Governance: Principles, Policies, and Practices” by Bob Tricker
- “Essential Corporate Governance” by Kees van der Vliet
- “Governance, Compliance, and Supervision in the Capital Markets” by Sarah Miller Orden
Accounting Basics: “Associate of the Institute of Chartered Secretaries and Administrators (ACIS)” Fundamentals Quiz
Thank you for delving into the ACIS qualification, exploring its vast significance, and testing your knowledge with our educational quiz questions!
