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Statutory
Status
The Institute of Chartered Secretaries and Managers was
incorporated in 1990, under section 42 of the Companies
Ordinance, 1984, under License from Corporate Law Authority (CLA)
now Securities and Exchange Commission of Pakistan (SECP),
Government of Pakistan Islamabad.
In granting the license the CLA now SECP had taken due care
and caution in scrutinizing the academic and professional
worthiness and integrity of the Council of the Institute
besides realizing the intense need for such an Institution in
the Country. After satisfaction as to the reputation and
standing of the Council of the Institute, the CLA now SECP
(Securities and Exchange Commission of Pakistan) has been
pleased to allow the incorporation of the Institute and grant
permission to function.
The Institute is governed by its own Constitution, that is,
Memorandum and Articles of Association and the relevant
provisions of the Companies Ordinance, 1984, as applicable to
such bodies registered under section 42, of the Ordinance. It
is a Corporate Body and is for the benefit of general public.
Objectives, role and functions
Streams of professional qualification offered
The Institute offers two different streams of professional
qualification which are as described below:-
• Chartered
Secretary
• Chartered Manager
Institute as a
body of professional education
i. It is
empowered to prescribe suitable courses of study to achieve
its academic and
professional goals.
ii Has laid down strict code of Professional Conduct and
Ethics for its members and
students.
Institute as an
examine body
Considering the international practice of professional
Institutes to restrict their activities to holding of
examinations only as the major part of their educational
policy, the Institute also follows similar global tradition by
remaining an examing body, although it also aims at providing
comprehensive educational infrastructure and other tutorial
facilities.
Career Opportunities available after qualifying
Membership of the Institute carries high academic and
professional status and surely brightens the prospects for
career advancement for those who qualify its examinations and
fulfill the other eligibility condition for membership. Career
opportunities for each of the streams of qualification are
given below:-
• For Chartered
Secretaries
• For Chartered Managers
Recognition of
the Institute
The Institute has been established under a license of
Corporate Law Authority now Securities and Exchange Commission
of Pakistan who is a high powered body of Federal Government
of Pakistan, The employers all over the world recognize the
Chartered Secretary and the Chartered Manager as highly
qualified professionals in their respective field and accept
them for employment for responsible positions because the
membership of the Institute carries high academic and
professional value and status and is recognized universally.
Council of the Institute
Council of the Institute consists of eminent educationists,
practitioners of high caliber and persons of tangible repute.
The Council is vested with the absolute executive power to
manage and control the affairs of the Institute through the
Secretary/Chief Executive. The Council has also delegated some
power to special high-powered committees to perform Council’s
routine functions on their behalf. However, reference to
Council is essential on all major policy matters. Council’s
decisions are absolute and final in all matters and are not
challengeable, it is also empowered to exercise discretionary
powers in cases deemed appropriate.
Office-bearers of the Institute
The Articles of Association of the Institute provides for the
election of office bearers whose powers, duties and functions
have been fully described in the constitution of the
Institute:
The President and
in his absence the Vice-President is the constitutional head
of the Institute. The Secretary/Chief Executive is the
executive head of the Institute as provided in the Articles of
Association.
Special Committees
The Council has constituted the following Special Committees
for the exercise of powers, which the Council is empowered to
exercise under the constitution:-
Each of these
Committees is headed by the Chairman elected by the Council.
The Powers and Functions of these Committees are briefly
described in the Prospectus.
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