Adding value to your membership

  • Date:01 Nov 2012
  • Type:Company Director Magazine
Extending the requirement for members to undertake professional development demonstrates our commitment to sound governance and directorship.


As John Colvin highlights in his CEO Report in this edition, January 2013 marks the start of the foundation years of the extended requirements for the majority of our members to undertake ongoing professional development.*

Here, we provide more details on our Director Professional Development requirements, which will become known as DPD from November 2012.

Currently, members who undertake one of our formal professional development programs automatically receive professional development points for their participation and every member can access their personal records via the MySite function on our website.

The DPD system will operate in much the same way. Any enrolments in our qualifying DPD activities will be applied to a member’s DPD record. These records will be visible to members only through their portal.

As we launch these extended requirements, members will need to maintain 60 DPD units over a rolling three-year period. All members will have three years to accumulate their foundation 60 DPD units, starting from their renewal date in 2013. A table of our DPD activities listing unit values is available online.

While membership renewal from 2016 (and beyond) will be the time for confirming sufficient DPD has been undertaken, it is recommended that members engage in professional development regularly because of changes in the external environment and developments in governance practices.

The range of activities recognised as DPD has also increased beyond the broad, traditional offering of our courses and events. It now includes professional reading of publications such as Company Director and contributions that enhance director development through voluntary activity, including Company Directors’ committee memberships. It also includes recognition of third-party professional development. Our only stipulation is that members map the activities to the Company Directors Corporate Governance Framework™, which outlines the practices that comprise effective directorship and is available on our website and in our Professional Development Handbook.

Underpinning DPD are values and behaviours that include commitment, leadership, competence and accountability (as shown around our Company Directors Corporate Governance Framework™). To this end, we will operate on the basis that members will take personal responsibility for managing their DPD obligations.

The DPD system will be most effective, as well as fair to members, because of the following characteristics:

  • It places a high level of trust and choice in the hands of members;
  • Our professional development offerings are expanded to support member engagement, including to our members based in regional areas and offshore;
  • DPD requirements can be fulfilled over a three-year period through professional development offerings that are inclusive of existing membership benefits;
  • DPD requirements can also be fulfilled at little or no financial cost and, in many cases, can be partially achieved in the process of complying with CPD demands of similar professional bodies;
  • The investment of time required to accrue DPD units can be reasonably managed over three years;
  • There is one "safety net" opportunity for those unable to meet their DPD obligation, known as the "Period of Grace"; and
  • Members who are unable to fulfil their DPD requirement following the Period of Grace may continue their association with us as Affiliates.

An audit is included in the DPD system. It is designed to contribute to the strength and integrity of the system and to protect the reputation of our members.

The independent audit will include randomly selected members each year, from 2016 onwards, to review DPD compliance. All members who are required to undertake DPD will confirm their compliance on renewal of membership.

It should be noted that most DPD activity undertaken through us will be automatically verified through existing registration, enrolment and participation processes. However, members undertaking third-party or other non-verifiable professional development will need to keep a record of this activity. Members will be asked to show proof of this activity if required for audit purposes. To make this as easy as possible, members can log this activity via the MySite function on our website.

More information about DPD is available on our website at www.companydirectors.com.au/cd/dpd, including a DPD guidelines booklet with details on the following processes:

  • Our DPD offerings, including unit values;
  • The random audit process;
  • Non-compliance obligations and consequences;
  • The Period of Grace; and
  • Third-party professional development.

We welcome your inquiries. Our dedicated email address for you to contact us on is: dpd@companydirectors.com.au. Your member relations executive, events and education teams are also available to support your transition to the revised system.

*Continuing professional development has been an obligation for all members in the class of Fellow. The extended requirements will apply to all members except Life Fellows, retired members and Affiliates.