Policy Leadership Division
As at 1 January 2017, the ICAS Technical Policy Division was renamed the Policy Leadership Division, and the Technical Policy Board evolved into the Policy Leadership Board.
The new title better reflects the key focus of the Division on policy influence and thought leadership, and the view that the “Technical” label could deter members from becoming involved and was not necessarily an accurate description of the nature of many of our activities anyway.
The name changes reflect some fundamental changes to the Board’s role and that of the technical committees, as a result of prioritising our work on a more centralised basis. It is expected that the more centralised prioritisation will integrate our research activity better into the mainstream work of the Division and lead to more focused, impactful and timely thought leadership.
The Policy Board’s key role will be in overseeing and challenging the prioritisation of the Division’s work, horizon scanning in relation to emerging issues, and developing recommendations for future work. To reflect the changed role of the committees, we are also changing their names – from “Committees” to “Expert Panels” from 1 January 2017.
The Tax department has recently undergone a major review and changes to its staffing and is to some extent excluded from the above changes. Instead, to reflect its strategic and oversight role for ICAS’ tax activities, the Tax Committee will be renamed the Tax Board (but will continue to report to the Policy Leadership Board). The specialist tax sub-committees will be renamed simply Committees.
ICAS is very fortunate in having so many loyal and engaged members, and we are particularly grateful for the time, experience and expertise which they contribute as members of technical committees and in other ways. We have been very successful over recent years as a result of our team approach, where the staff team and the committee have worked together in setting out our policy aspirations across a wide range of subjects relevant to our members and in influencing the development of policy.
We are also taking this opportunity to amalgamate the Corporate Reporting Committee and the Accounting Standards Committee. Their memberships are strong and their remits are close and complementary and we feel that combining them will facilitate an even stronger and more effective impact in these subject areas.
The Research Committee is being renamed the “Strategy and Research Advisory Group”. This reflects an expansion of its role in addition to continuing to oversee the research portfolio: the Committee has been very effective in bringing academics and practitioners (non-academics) together in horizon scanning for emerging issues and developments in the profession, and considering the broader implications of these. We are hoping to tap into this resource for advising the Policy Leadership Board in its deliberations.
Our future success will continue to be hugely dependent on the team approach to our work - involving both the staff team and drawing from the experience and expertise of our Board and Panel members.
2017 will be a year of transition and some experimentation. Nothing is set in stone, and if any aspect of the above is not working, we will make further changes as needed.