Qualifications for company secretary
THIS refers to the letter of Mr Raisuddin Shaikh (May 20) on the above subject. We would like to clarify certain points which the writer has alleged in his letter.
At the outset, we would like to point out that we do not propose to get into any sort of controversy on the subject. However, in order to put the record straight, we refute the charge that the Institute of Corporate Secretaries of Pakistan (ICSP) had ever approached the ICSM or any other body for merger of the two institutes. The merger of the ICSP with any other body had never been on the agenda of its council.
The grant of permission by a regulatory body, namely the SECP, to form a company limited by guarantee, as is the case with both the ICSP and the ICSM, does not, ipso facto, give recognition to the relevant qualifications. Recognition depends on independent evaluations by the competent authority only on the basis of many considerations rather than exerting force through the media.
Competence and capabilities can be claimed when others recognize them. The ICSP has such recognition in abundance. The recognition and granting substantial exemptions to the ICSP members by the institutes of renowned stature, such as the Chartered Institute of Management Accountants (CIMA), UK; the Association of Chartered Certified of Management Accountants (ACCA); the Association for International Accountants (AIA), UK; the Institute of Certified Internal Auditors (CIA), US; the Institute of Financial Consultants, Canada; and the Institute of Cost and Management Accountants of Pakistan, is a standing testimony to the outstanding credentials of its members and the institute as well.
The CPE hours credit is granted by the ICAP and the ICMAP to their members who attend seminars/workshops organized by the ICSP. Membership is granted only to those persons who qualify in the ICSP’s examinations except those who are members of Institute of Chartered Secretaries and Administrators, UK.
The members of the ICSP are qualified to be secretary of the listed companies after detailed scrutiny of its curriculum, examination system and the professional working of the Institute.
ABU OBAIDA SIDDIQUI
Administrator,
The Institute of Corporate Secretaries of Pakistan,
Karachi

