Fundamental Component (compulsory for all learners):
1:
An understanding is demonstrated of the different roles and responsibilities of the company secretary, the directors and board members and their interaction within a corporate environment.
The statutory requirements for the incorporation and running of a limited liability legal entity and, the secretary’s role in the financial year-end process and in the application of best practices relating to corporate governance is understood and applied in practice.
The company secretary’s role in ensuring that general and board meetings of a legal entity are lawful are understood and applied in an organisation.
The work done by the secretary as the company’s share registrar is explained with examples.
> Range: Includes the supervision of share transfer secretaries.
Core Component (compulsory for all learners):
2:
The history of corporate governance is explained demonstrated by illustrating its implications and application in a company environment.
The functions, powers and duties of both executive and non-executive directors are explained with an emphasis on the relationship between directors and shareholders.
An explanation is given of all the facets of the company’s financial statements and the role of the auditor in their preparation.
Risk management knowledge and principles are applied in a company environment.
A risk management plan is drawn up for a range of companies and organisations.
3:
The role players in corporate/public administration are identified and an explanation given of their specific roles, functions and duties.
The value of information as a corporate resource within the contemporary organization using examples of good practice.
An assessment is made of the degree of compliance of the company/public entity with current employment law and practice.
An explanation is given of how different forms of provision for retirement funding are implemented by companies/organisations.
> Range: State pension, defined contribution and defined benefit schemes.
The ways in which risk and its management and mitigation through insurance are addressed by organizations is explained through analysis of organizational practice.
The level of compliance of the organisation with regard to applicable taxation legislation is monitored with a view to recommending remedial action where compliance is unsatisfactory.
An explanation is given of the importance of management and protection of fixed assets in an organisation and how they contribute to an organisation’s overall business objectives.
Elective Component (learners are to choose one elective):
Learners who have an LLB degree with Corporate Law as a major subject, may elect to complete the first Elective (Corporate Financial Management).
Learners who have qualified as a CA (SA) or equivalent, or have a first B Com degree with a financial accounting and financial management component, may elect to complete the second Elective.
4:
The financial requirements of an organisation and the financial sources available to it are researched and compared with each other.
An explanation is given of the role of capital markets and their efficiency as they relate to organisational investments.
> Range: Johannesburg Securities Exchange, Industrial Development Corporation, Business Partners (Ex SBDC), DTI agencies, Banks.
The nature and importance of capital structure and the cost of capital is explained in terms of their relevance for the sustainability and profitability of an organisation.
The principles of working capital management in the organisational context are explained with examples of good practice.
An analysis and interpretation are made of financial statements from an investor’s perspective.
Details are provided on the need for business restructuring and an analysis is made of the implications to a range of organisations.
An understanding is demonstrated of the impact of global and multinational operations on corporate financial management.
5:
The concept of “corporate personality” as applied to business entities is explained in terms of the legal implications this has for organisations and its board, board members and management staff, as well as any other role players.
Details are provided of the interaction required and permissible between members, the corporate body and third parties in terms of functions, duties, responsibilities and the disclosure of information.
The Public Financial Management Act is applied in the service delivery of a public institution.
The implications of The Public Financial Management Act for the taxpayer are explained illustrating both the advantages and disadvantages.
The qualifications, appointments and duties of directors and officers of corporate bodies are explained by relating them to the functions, duties and responsibilities of each person.
An explanation is given of the purpose of meetings of companies and CC’s.
The concepts, “Members’ interests”, “minority protection”, “shares” and “debentures” and their transactions are explained by way of practical examples from organisations.
The statutory provisions addressing corporate entities facing closure are explained in terms of the protection they offer the various role players and stakeholders involved with and in the organisation/entity.
Integrated assessment:
The qualification and its associated assessment criteria have been designed to be assessed through formative and a summative assessment, which could take the form of a final examination.
The learner will need to :
Demonstrate competence by means of the practical application of the embedded knowledge.
Illustrate a clear understanding of the concepts, theory and principles that underpin the practical action taken by means of explanation and/or examination.
The assessments are designed to indicate not only the knowledge gaps and skills deficits of the learner, but also highlight the learner’s strengths and weaknesses related to the other elements of applied competence, namely:
Information processing and the power of analysis.
Problem solving and a decision making capacity.
Communication skills.
The need for appropriate coaching methods and training interventions will therefore become apparent.
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