The Chartered Member assessment shows that you have met standards that help you carry out your governance duties.
The assessment tests your knowledge of The Four Pillars of Governance Best Practice, The Companies Act 1993, and the content of the IoD Company Directors' Course.
The assessment has two parts:
You have to finish both parts of the assessment within three months of starting it.
To pass the assessment, you need to achieve 70 percent or more in both the exam and the assignment.
We encourage members to take the Chartered Member assessment soon after the Company Directors’ Course, while the course experience is fresh.
Your assessment pass does not expire. If you don’t have a board position when you pass the assessment, you can upgrade to chartered membership when you get one.
If you have passed the Australian Institute of Company Directors’ Company Director’s Course assessment, or been awarded Waikato University’s G3 Postgraduate certificate in governance, you only have to take part A of the assessment – the exam – not part B, the assignment.
To take the Chartered Member assessment, you will have finished the Company Directors’ Course (CDC) or an equivalent, or completed the requirements of recognition of prior learning.
If you are a highly experienced director, you may be eligible for recognition of prior learning instead of taking CDC.
Contact the Registrar to discuss eligibility and apply registrar@iod.org.nz
We charge $295 for each of the two parts of the Chartered Member assessment. You pay each fee when you register for that part. Fees include GST.
If you start the assessment within six months of finishing the Company Directors' Course, you can take the assessment for no additional cost.
Each part of the Chartered Member assessment gives you 10 CPD points. These points do not depend on a pass mark.
You have 75 minutes to answer 60 questions in the exam.
There is a specific number of questions on each of four groups of governance topics.
Topic |
No. of questions |
Corporate governance
|
12 |
Finance
|
21 |
Law and compliance
|
20 |
Risk governance
|
7 |
Total |
60 |
This is an open book exam. We supply a copy of The Four Pillars of Governance Best Practice and the relevant sections of the Companies Act. You cannot take any other materials into the exam room.
You can take the exam online at your choice of 16 locations in New Zealand.
You have three weeks to finish the 3000-word assignment from when you register for it.
We provide a case study for the assignment that includes:
In the assignment you respond to five questions, covering five topics.
Topic |
Word guide |
Percent |
Strategy |
750 |
25% |
Risk |
450 |
15% |
Finance and legal |
600 |
20% |
Board effectiveness and dynamics |
750 |
25% |
Ethics |
450 |
15% |
|
3000 |
100% |
When preparing for the assessment, consider
To start your Chartered Member assessment:
We email you confirming your eligibility to take the assessment. Our email includes a link to the assessment booking portal.
Set up your assessment profile in the booking portal. Through the portal, register to take each part of the assessment separately: