What is Continuing Professional Development (CPD)?
Following a consultation process with members, in April 2014 the IoD passed changes to its constitution that would enable further professionalisation of IoD membership – to come into effect on 1 October 2014.
These changes included the introduction of a new membership pathway – through Chartered Member and Chartered Fellow categories; and the introduction of the CPD requirement for all Members, Chartered Members and Chartered Fellows.
We acknowledge that many of our members already engage in professional development activity. The CPD requirement demonstrates to stakeholders and the broader community our collective commitment to having the requisite skills and knowledge to govern effectively.
Who does the CPD requirement apply to?
All Members, Chartered Members and Chartered Fellows are required to comply with the CPD requirement. The Associate category is open to those who report to, but do not sit on, a board; and people who do not wish to commit to CPD.
When do I start?
Changes to the constitution came into effect on 1 October 2014. Each member will begin their CPD foundation period on the date of their first renewal on or after 1 October. Your renewal date will depend on when you joined the IoD, and is one month after your billing date. You can find it on your member dashboard here.
What is the foundation period?
You will have three years from your first renewal after 1 October 2014 to accumulate the required 60 points. There is no annual requirement for accumulating points. During the foundation period the IoD will not be conducting any CPD audits.
How will the rolling 3 year points cycle work?
Following the foundation you will be required to maintain 60 points over a rolling three year period. The three years cover points accumulated the year you are in, plus the points accumulated in the two years’ prior.
What if I am unable to fulfil my CPD requirement?
There is one safety net opportunity for those unable to meet their CPD requirement. This is known as the period of grace in which they will be given a negotiated period of time to complete the outstanding CPD requirement. If a member has been unable to fulfil their CPD requirement following the period of grace, they may continue their association with the IoD as an Associate.
Professional development activities
What counts as CPD?
CPD covers the activities, both formal and informal, which a director undertakes to improve their skills and competence within the IoD’s New Zealand Director Competency Framework.
A wide range of activities counts for CPD including:
- professional development courses and branch events offered by IoD
- professional development by other organisations providing it relates to improving your governance performance
- other less formal activities, such as reading boardroom and making voluntary contributions to the development of the director profession such as participating in mentoring or IoD committees.
Do board meetings count as CPD?
CPD is a commitment to lifelong learning to support directors in their governance roles. Attending board meetings for directorships (paid or unpaid) does not qualify for professional development.
Professional development with other providers
CPD activity undertaken with other providers attracts the same number of points as similar activities offered by the IoD, provided you can establish that the activity relates to your practice of governance as identified in the IoD New Zealand Director Competency Framework.
Please refer to our guide to allocating third-party points.
The IoD does not approve or accredit third party courses or activities.
How much will it cost to do CPD?
The cost is dependent on the activities you choose to undertake. It is possible to meet the requirement at no cost.
If you have any questions about planning your CPD please contact Lisa McRae at membership@iod.org.nz
CPD points
How are CPD points allocated?
The following elements are taken into consideration for each activity:
- time spent
- currency
- design/formality of learning objectives
- complexity/depth of learning
- engagement in learning/interactivity
- contribution to the profession.
40 points is the maximum number that may be awarded to any single activity. This ensures that members undertake a variety of CPD activities over their rolling three-year cycle.
CPD activity undertaken with other providers attracts the same number of points as similar activities offered by the IoD, provided you can establish that the activity relates to your practice of governance as identified in the IoD New Zealand Director Competency Framework.
What is the IoD New Zealand Director Competency Framework?
The Framework was developed in 2013 by directors for directors through a process of literature review, online survey, focus group feedback and comprehensive review. It underpins the IoDs’ drive towards the professionalisation of the New Zealand director community and is used to inform a broad range of development activities and tools for both boards and directors.
The Framework is consistent, and should be referred to in conjunction, with The Four Pillars of Governance Best Practice.
How is engagement in learning measured?
Engagement refers to the input required by the learner. This includes preparation and reflection, and also active participation eg. in a workshop setting.
How do rolling points work?
Following the foundation period members will be required to maintain 60 points over a rolling three-year cycle. The 60 points included those accumulated in the current year and the two years prior.
For example, it is currently 2019. In 2017 I logged 15 points and in 2018 I logged 30 points. This year I am required to earn 15 points to meet the CPD requirement.
How are points amortised?
The IoD Company Directors' Course is allocated 40 points, amortised over 2 years. In order for our system to record this you will see that your points are allocated as follows.
Year 1 - 20 points allocated
Year 2 - 20 points allocated (carrying 20 forward from Year 1, total will look like 40)
Year 3 - 40 points (carrying 20 points from year 1 and 20 points from year 2)
Year 4 - 20 points (this is the last 20 points carrying from the year 2 allocation)
Do CPD points expire?
CPD points do not expire. They are accounted for over a rolling three year period. The requirement is to maintain 60 points over a three year period.
Which points can be backdated?
Points gained by attendance at IoD DD courses from 1 January 2014 will be automatically added to your dashboard in the first week of your foundation period.
This applies only to IoD Director Development courses, and does not include branch events or third-party activities.
Recording CPD
How do I record my CPD activity?
When you login to the IoD website you will have access to a Member dashboard and CPD log. Courses and events booked through the IoD will be automatically logged for you. A simple to use table is provided for you to manually enter your informal and third-party activity.
Your dashboard also shows you how many points you are required to earn at any point in time. If you prefer not to use the dashboard you may keep a manual log or digitally record your activity as you prefer. Upon selection for random audit you will be required to produce records showing:
- date of activity
- provider (IoD/third-party/informal)
- description of activity
- points allocated.
How do I find my dashboard?
When you login, click on My Dashboard in the welcome box in the top right hand corner of the page.
How do I use my dashboard?
View the CPD Dashboard help page
Audit
How does the audit process work?
The audit process is in place to confirm that members are on track with their CPD, and where necessary the IoD will offer assistance. It is not intended to be a punitive process. The IoD will conduct random audit of CPD records from October 2017 onwards.
Who oversees the audit?
The Registrar will carry out the Audit and report to the IoD Council.
Will the audit results be confidential?
Audit selection will be conducted according to an individual’s member number, ensuring that member identities remain confidential. Member records remain confidential and all CPD processes and activity will be carried out with regard to our privacy policies.
If your question has not been answered above please email membership@iod.org.nz