About the Strategic Board of ICMA Pakistan
The Strategic Board shall serve as an advisory body to provide strategic guidance and recommendations to the Council and Management on matters affecting the growth, positioning, governance, and development of the Institute and the profession.
The Board shall preferably comprise members who have served on National Councils, Branch Councils, Committees, Advisory Boards, and other leadership forums of the Institute. The Board may also include accomplished professionals possessing expertise and experience in specific industries, sectors, regions, public sector organizations, academia, regulation, international affairs, and professional practice, as well as vibrant members who can contribute specialized knowledge, regional perspectives, industry insights, and strategic guidance for the benefit of the Institute and the profession.
The Board shall act as a forum for strategic thinking, experience sharing, institutional development, and stakeholder engagement. The Strategic Board shall function solely in an advisory capacity. Its recommendations shall be non-binding and intended to support informed decision-making, institutional development, stakeholder engagement, and the long-term advancement of the Institute and the profession. The Board shall not exercise executive, operational, regulatory, or statutory authority, nor shall it interfere with the powers and responsibilities of the Council, or Management.
Scope of the Strategic Board:
1. International Relations and Mutual Recognition Agreements (MRAs)
- Advise on strategic relationships, Mutual Recognition Agreements (MRAs), Memoranda of Understanding (MoUs), and partnerships with international Professional Accountancy Organizations (PAOs) and other professional bodies.
- Support initiatives that enhance the global recognition and mobility of ICMA members.
2. Legislative, Government, and Public Policy Matters
- Provide guidance on matters relating to the ICMA Act, regulations, by-laws, and government policies affecting the Institute and the profession.
- Advise on engagement with the Government of Pakistan and public sector stakeholders on strategic and policy matters.
3. Higher Education and Academic Affairs
- Advise on matters relating to the Higher Education Commission (HEC), academic recognition, equivalence, accreditation, university partnerships, and professional education frameworks.
4. Regulatory Affairs
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Provide strategic guidance on engagement with regulatory and oversight bodies, including the Securities and Exchange Commission of Pakistan (SECP), Federal Board of Revenue (FBR), Auditor General of Pakistan (AGP), State Bank of Pakistan (SBP), and other relevant national regulatory authorities.
5. International Affairs and Strategic Partnerships
- Advise on ICMA's participation, representation, strategic partnerships, programs, committees, working groups, and leadership engagement within international and regional organizations, forums, and networks, including IFAC, CAPA, SAFA, IFRS Foundation, ICGN, and other relevant professional bodies.
- Support initiatives aimed at enhancing the Institute's global standing, professional influence, international collaboration, and recognition of its members.
6. Education, Curriculum, and Examination Systems
- Provide guidance on professional education, curriculum development, competency frameworks, qualification pathways, examination systems, assessment methodologies, and quality assurance practices.
7. Continuing Professional Development (CPD) and Certifications
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Advise on CPD, executive education, professional certifications, lifelong learning initiatives, and emerging competency requirements to ensure the continued relevance and competitiveness of members.
8. Overseas Branch Councils and International Expansion
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Guide the establishment, development, and governance of overseas Branch Councils, international offices, and global outreach initiatives.
9. Infrastructure, Technology, and Institutional Development
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Advise on infrastructure planning, digital transformation, technology adoption, institutional capacity building, and major development initiatives.
10. Industry, Stakeholder, and Member Engagement
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Provide guidance on strengthening relationships with employers, industry, government, academia, development partners, and members.
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Advise on membership growth, retention, member services, and stakeholder engagement strategies.
11. Research, Thought Leadership, and Advocacy
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Promote research, publications, thought leadership, and advocacy initiatives in areas relevant to accounting, finance, management, governance, sustainability, and public sector development.
12. Strategic Planning and Institutional Positioning
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Provide independent advice on the Institute's long-term vision, strategic priorities, opportunities, challenges, and positioning at national and international levels.
13. Corporate Relations and Business Development
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Advise on strategies to strengthen relationships with corporate employers, business leaders, chambers of commerce, industry associations, public sector organizations, and development partners.
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Support initiatives aimed at enhancing employer recognition of ICMA qualifications, creating opportunities for members, and expanding strategic alliances, sponsorships, and institutional partnerships.
14. Other Strategic Matters
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Provide recommendations on any other strategic, professional, educational, regulatory, governance, institutional, or public interest matter referred by the Council, President, or Management.
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