Council
One of the main aims of Council is to ensure that the objects of the Royal Charters are achieved in a manner consistent with regulatory body status. Council also ensures that high standards of corporate governance are observed at all times and oversees the effective management and direction of the Institute’s affairs.
The membership of Council is set out in the General Regulations (Regulation 5). Council has established a number of Area Committees to serve each of the electoral areas and it is the duty of each Area Committee to provide nominations to Council of eligible candidates for election to membership of the Council.
Council delegates a number of its day to day operations to Boards and Committees, though certain items of business must, by its very nature, remain within the control of Council.
Council has delegated certain responsibilities (but not fully delegated powers) to the following Boards and Committees:
- Oversight Board
- Operational Boards
- Qualification Board
- Technical Policy & Services Board
- Member Engagement & Communications Board
- Remuneration Committee
- Nominations Committee
In addition, under Rule 12, Council has established and fully delegated certain powers and functions to the following Boards and Committees:-
- Audit Committee
- Regulation Board
- Discipline Board
Oversight Board
The Oversight Board monitors and supports the implementation of the institute's strategy, business pln and budget, and to report progress to Council. The oversight Board also:-
- Oversees the work of the Chief Executive and the Executive Team
- Oversees the effectiveness of the Operational Boards
- Reviews work plans of the Boards: to ensure cohesive working between the Boards
- Oversees the workplan of the Council
- Ensures a cohesive appraoch to policy implementation
Operational Boards
Council has established three Operation Boards to manage and direct the affairs of the committees within its respective remit. Each Board must meet on a minimum of two occasions per annum. Each Operational Board reports to the Oversight Board (the Chairman is a member of the Oversight Board) and reports to Council annually.
Qualification Board
The Qualification Board has oversight of the Examining Board, Student Education Committee and Test of Competence Examining Board.
One of the main aims of the Qualification Board is to formulate, advocate, implement and monitor policies and standards designed to achieve the strategic aims and objectives set by Council in relation to business education and professional competence; and reports progress annually in relation to strategy to Council.
Technical Policy Board
The Technical Policy Board advocates, implements and monitors policies and standards designed to achieve the strategic aims and objectives set by Council in relation to accounting, auditing, taxation, business law, insolvency and other technical policy issues; and reports progress to Council. It consists of the following committees:
- Accounting Standards Committee
- Audit and Assurance Committee
- Business Policy Committee
- Charities Committee
- Ethics Committee
- General Practitioner Committee
- Insolvency Committee
- Pensions Committee
- Public Sector Committee
- Research Committee
- Taxation Committee
- VAT Committee
Member Engagement and Communication Board
The Member Engagement and Communication Board formulates, advocates, implements and monitors policies and standards designed to achieve the strategic aims and objectives set by Council in relation to members services, communications and stakeholder relations; and reports progress to Council.
The Member Engagement and Communication Board has oversight of the CAs in Business Committee and operational supervision of the Area Committees.
Area Committees
- England & Wales
- Glasgow and the West of Scotland
- Grampian
- Highland
- Lothian, Borders and Central
- South West Scotland
- Tayside
- Europe
Remuneration Committee
It is the duty of the Remuneration Committee to make recommendations to Council concerning the policy for remuneration of ICAS Staff, approval of certain expenses, matters in relation to the tenure of office of the Chief Executive and other Officers and Public Interest Member remuneration.
Council shall have regard but shall not be bound by the recommendations of the Remuneration Committee.
Nominations Committee
It is the duty of the Nominations Committee to make nominations to Council in relation to:
persons for co-option to Council;
- Public Interest Members;
- Membership of the Operation Boards including the Chairman of each Board;
- Membership of the Regulation Board, including the Chairman;
- Appointment of Committee Conveners;
- Membership of the Audit Committee;
- External appointments made by Council.
Council shall have regard but shall not be bound by the recommendations of the Nominations Committee.
Audit Committee
The Audit Committee is established under Rule 12.1. The Audit Committee has delegated powers relating to oversight of the financial statements and internal and external audit processes.