About Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA)

The Singapore Association of the Institute of Chartered Secretaries and Administrators, commonly known as SAICSA, is a prestigious professional body that plays a pivotal role in promoting excellence in corporate governance, secretarial practices, and administration in Singapore.

Established in 1979, SAICSA has grown into a respected institution with a wide range of responsibilities and contributions to the business landscape of Singapore. In this article, we will delve into the origins, mission, functions, and significance of SAICSA in Singapore’s corporate world.

Origins and Background

SAICSA is an affiliate of the global Institute of Chartered Secretaries and Administrators (ICSA), which has its roots dating back to 1891 in London, United Kingdom. The ICSA is renowned for setting and maintaining high standards in corporate governance, company secretarial practices, and administration worldwide. SAICSA was formed to bring these global standards to Singapore and cater to the specific needs of professionals in the region.

Mission and Objectives

The primary mission of SAICSA is to elevate the standards of corporate governance, corporate secretarial practice, and corporate administration in Singapore. To achieve this mission, SAICSA has set several key objectives:

1. Education and Professional Development: SAICSA provides education and professional development opportunities for its members. They offer a range of courses and qualifications designed to equip individuals with the knowledge and skills required to excel in the fields of corporate governance and administration.
2. Networking and Collaboration: SAICSA fosters a vibrant community of professionals by organizing events, seminars, and conferences. These events provide a platform for networking and knowledge sharing among members, facilitating the exchange of ideas and best practices.
3. Advocacy and Research: SAICSA actively engages with regulatory bodies, government agencies, and industry stakeholders to advocate for policies and practices that promote good corporate governance. They also conduct research to stay at the forefront of evolving governance trends and issues.
4. Professional Ethics: Upholding high ethical standards is central to SAICSA’s mission. They provide guidance and support to members in navigating complex ethical dilemmas and ensure that ethical conduct is maintained in the profession.

Functions and Services

SAICSA offers a range of functions and services to its members and the broader corporate community:

1. Professional Qualifications: SAICSA offers professional qualifications and certifications such as the Chartered Secretary (CS) qualification. These certifications are highly regarded and recognized globally, enhancing the career prospects of individuals in the field.
2. Continuous Learning: SAICSA conducts workshops, seminars, and webinars on topics related to corporate governance, company secretarial practice, and administration. These events help members stay updated with industry trends and regulations.
3. Publications: SAICSA publishes research papers, journals, and newsletters to disseminate knowledge and insights related to corporate governance and administration.
4. Advocacy and Representation: SAICSA represents the interests of its members to regulatory bodies and government agencies. They contribute to the formulation of policies and regulations that impact the profession.

Significance in Singapore’s Business Landscape

SAICSA plays a significant role in Singapore’s business landscape for several reasons:

1. Enhancing Competence: SAICSA’s educational programs and professional qualifications contribute to raising the competence of corporate secretaries and administrators, ultimately leading to better-managed organizations.
2. Good Governance: By advocating for good corporate governance practices, SAICSA contributes to the overall transparency, accountability, and integrity of businesses in Singapore.
3. Global Recognition: SAICSA’s affiliation with the global ICSA network ensures that its members are recognized and respected internationally, opening doors to global opportunities.
4. Networking Hub: SAICSA serves as a hub for networking and knowledge exchange, fostering collaboration and innovation within the profession.

Prerequisites to be a registered member of SAICSA

Becoming a registered member of the Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) requires individuals to meet specific prerequisites and qualifications. SAICSA sets these requirements to ensure that its members uphold the highest standards of professionalism in the fields of corporate governance, company secretarial practice, and administration. Below are the typical prerequisites for becoming a registered member of SAICSA:

1. Educational Qualifications:

   SAICSA typically requires candidates to have a minimum level of education to be eligible for membership. This often includes a relevant bachelor’s degree or an equivalent qualification. The specific educational requirements may vary depending on the type of membership (e.g., associate or fellow) and may be subject to updates and changes over time.

2. Professional Qualifications:

   In addition to educational qualifications, candidates may need to complete certain professional qualifications to be eligible for SAICSA membership. The most well-known qualification offered by SAICSA is the Chartered Secretary (CS) qualification. Candidates often need to successfully complete this program to become registered members. The CS qualification covers a wide range of topics related to corporate governance, company secretarial practice, and administration, ensuring that members have the necessary knowledge and skills.

3. Relevant Work Experience:

   SAICSA typically requires candidates to have relevant work experience in the fields of corporate governance, company secretarial practice, or administration. This work experience requirement may vary depending on the level of membership being sought. For example, higher levels of membership, such as Fellow, may require more extensive work experience compared to Associate membership.

4. Continuing Professional Development (CPD):

   SAICSA emphasizes the importance of continuous learning and professional development. Therefore, candidates often need to demonstrate their commitment to ongoing education and skill enhancement through participation in SAICSA-approved CPD programs. These programs ensure that members stay updated with industry developments and best practices.

5. Ethical Standards:

   SAICSA places a strong emphasis on ethical conduct and professionalism. Candidates seeking membership are typically required to adhere to a code of ethics and demonstrate their commitment to upholding high ethical standards in their professional practice.

6. Membership Application and Fees:

   Candidates must submit a formal membership application to SAICSA, along with the required documentation, transcripts, and fees. The application process may include an assessment of qualifications and an interview.

7. References and Recommendations:

   Some membership categories may require candidates to provide references or recommendations from current SAICSA members or other professionals who can attest to their qualifications and professional standing.

8. Adherence to SAICSA’s Constitution and Regulations:

   Members are expected to comply with SAICSA’s constitution and regulations, which outline the rules and guidelines governing membership and professional conduct within the organisation.

As a registered SAICSA member, FreeIncorp is committed to providing our clients with the highest level of service and expertise in corporate secretarial, governance, compliance, and advisory services. We have a team of experienced professionals who are well-versed in the latest regulations and best practices. We can help you with all of your business needs, from drafting and filing corporate documents to providing advice on compliance matters. We are confident that we can provide you with the best possible service. Please get in touch today to learn more about how we can help you.