The Institute of Corporate
Secretaries of Pakistan was
constituted to develop and regulate
the profession of company
secretaries in Pakistan. In early
1974 a number of prominent
professionals stressed the need of
forming an Institute for the
profession of company secretaries.
The Institute was formed under the
Companies Act, 1913 as a company
Limited by Guarantee. Since then,
the Institute of Corporate
Secretaries of Pakistan is
functioning regularly for the
professing of company secretaries.
At present the Institute of
Corporate Secretaries of Pakistan
has about 700 associate members and
more than 250 fellow members. The
affairs of the Institute of
Corporate Secretaries of Pakistan
are managed professionally by a
National Council. The Corporate Law
Authority (now Securities & Exchange
Commission of Pakistan) has felt the
importance of the profession of
company secretaries to create a
corporate culture in the country. As
a matter of fact a good corporate
culture can be develop only through
institutions not by the enforcement
of corporate law. Therefore it is
principally decided by the
Securities & Exchange Commission of
Pakistan to convert the Institute of
Corporate Secretaries of Pakistan in
a statutory body. The statute for
the same is under final stage of
approval. It is expected that it
will be enforced in near future. The
Institute has its main office at
Karachi.
Institute of Corporate Secretaries of
Pakistan (ICSP) was incorporated on
November 22, 1973 as a company limited
by guarantee, under the then Companies
Act 1913 – later substituted by the
Companies Ordinance, 1984. ICSP is the
professional body of corporate
secretaries which is imparting
professional education and prudence in
the areas of secretarial practices,
corporate governance, corporate and
business laws, accounting,
administration, management, human
resource and business ethics. Corporate
secretaries have caliber to chart a
course of action or take decisions in
accordance with regulations,
legislations, precedents, traditions,
best practices and to see the operation
moving effectively/efficiently.
Mission And Vision
of ICSP
Mission of ICSP is to examine,
groom and promote high quality corporate
secretaries and professionals in the
corporate sector who are able to meet
the demands of present era and
futuristic challenges to the profession.
Vision of ICSP is promotion of
corporate culture in Pakistan for good
governance, as envisaged in the
civilized world, through professional
excellence, in the field of corporate
laws and secretarial practices.
Objectives Of ICSP
Institute has the following main
objectives to fulfill the needs of the
corporate sector:
- To provide a professional
organization of qualified corporate
secretaries and administrators in
Pakistan and generally to do all
such things as may, from time to
time, be necessary to elevate their
status and procure advancement of
the interests of the professions.
- To provide knowledge in company
secretarial practices,
administrations and issuance of
certificates.
- To provide and foster in,
commercial circles, accounting and
industrial professions, academic
institutions a higher sense of
importance of knowledge of
systematic, correct secretarial and
administrative practices and to
encourage a greater degree of
efficiency in such work.
- To provide opportunities for
interaction amongst members to
encourage reading and maintenance of
library for the acquisition and
dissemination by other means of
useful information connected with
the profession, encourage improved
methods of administrative practices
and,
- To monitor, promote and
synchronize the mutual interests of
its members.
Facilities
Library
ICSP
has a library which is available to
members and students, for reference and
study purpose only, during normal office
hours. Copies of informative magazines
including official journal of the
Institute are available in the library.
Publication
“The Corporate Secretary” is
the official journal of the Institute
and is sent to all members. It has a
proactive role in updating the readers
on the professional subjects that are of
value to students as well as members.
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