Candidates are assessed on their knowledge of The Four Pillars of Governance Best Practice, and the content of the Company Directors' Course (CDC).
The CMA has two parts:
- computer-based multi-choice exam (75 minutes)
- 3,000 word assignment based on a case study (3 weeks to complete)
Both parts must be completed within a three month period.
Candidates must attain 70% or higher in both the exam and assignment to pass the assessment.
In order to sit the assessment candidates must have completed the IoD's Company Directors’ Course (CDC) or equivalent*.
Some IoD members have been practising directors for some length of time and have not completed the CDC. In this case the option to apply for Recognition of Prior Learning (RPL) in place of the CDC is available.
The fees for the assessment are charged separately for each part.
Examination $295 incl GST, paid on registration
Assignment $295 incl GST, paid on registration
Fees have been set to cover costs only, including design, development, delivery and marking.
Members who have attended a 2017 Company Directors' Course (CDC) are eligible to sit the assessment without any additional cost. Members must begin the assessment within six months of finishing the CDC. Outside of the six months the usual fees apply.
Five CPD points are allocated to each part of the assessment. Points are not dependent on a pass mark.
*To date the IoD has recognised the AICD’s Company Director’s Course and Waikato University’s G3 Postgraduate certificate in governance.