What corporate Governance means ?
Corporate Governance for ICI is defined as a set of formal systems, processes and principles that ensure that the company is governed in the best interest of all the stakeholders (clients, shareholders, employees, government authorities and the general public).
The Governing Board are responsible for leading the development and execution of the Company’s long-term strategy with a view to ensuring organizational objectives are met. It is also ultimately responsible for all day-to-day top management decisions and for implementation of the Company’s long and short-term plans. It acts as a direct liaison between the Advisory Board and management of the Company.
It communicates on behalf of the Company to shareholders, employees, Government authorities, other stakeholders and where applicable the public.
The most important responsibilities are:
– creating a culture of excellence
– building the senior management team
– ensuring compliance with legislation, regulations, applicable standards and codes of practice
– growing the International network
– ensuring ICI remain a source of authority within the certification industry
– ensuring ICI offer value adding assessment services to all clients
– managing financial and physical resources
The Advisory Committee consists of at least one Governing Board member and independent members who are not employees of ICI. The independent members are selected to represent a wide range of interests (with no one interest predominating) in which the company operates.
ISO 17021:2013 includes a huge focus on maintaining impartiality and having an independent Advisory Committee is just one way we ensure that impartiality is an integral component of our organization.
Our Management Team is made up of extremely experienced individuals who have the responsibility to manage the day-to-day activities of ICI. They hold specific executive powers conferred onto them with and by authority of the board of directors and/or the shareholders.
ICI understands the importance of impartiality whilst conducting management system certification activities.
Being impartial, and being perceived to be impartial, is necessary for ICI to deliver certification that provides confidence to all stakeholders (Clients, Owners, Staff, General Public, etc.).
It is well recognized that our source of revenue is from our clients paying for certification, and that this could be perceived to be a potential threat to impartiality. In our view clients are not paying for certification, they are paying for the ICI assessment services and if they comply with requirements, we issue certification as per the agreed quotation.
To obtain and maintain confidence, it is essential that ICI’s decisions are based on objective evidence of conformity (or non-conformity) obtained by the Assessment Team, and that our decisions are not influenced by other interests or by other parties.
ICI and any part of the same legal entity does not offer or provide any management system consultancy services including internal audit services for its certified clients.