Home > About MAICSA Updated: 31/12/2015
Profile  print
The Institute of Chartered Secretaries and Administrators (ICSA) is the leading recognised professional body for Chartered Secretaries and Administrators in the United Kingdom and throughout the world. Formed in 1891, the Institute today has 33,000 members worldwide and is represented in over 72 countries.

The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA) was founded in 1959 as an affiliated body to ICSA. It is now one of the nine Divisions of ICSA worldwide, having achieved a Division status in 2001. Membership of the Institute is limited only to members and students of the Institute residing in Malaysia. At present the Institute has about 4,000 members (comprising Fellows, Associates) and Graduates, 2,100 students and 600 Affiliates.There are two classes of membership of the Institute, ie Fellows and Associates. All qualified members of the Institute are entitled to describe themselves as Chartered Secretaries and use the designatory letters, FCIS or ACIS as appropriate. Fellowship is the senior grade of membership. Another grade, Grad ICSA comprises those who have successfully completed the examinations but have not yet gained sufficient qualifying service for Associateship.

In tandem with its mission of developing good corporate professionals, MAICSA is committed to maintaining the highest standard of integrity and ethical values within the profession. MAICSA also acts as a change catalyst in the corporate arena, participating actively in the enhancement of corporate governance. It has been championing best practices in corporate governance and educating the Malaysian corporate sector on its importance.

MAICSA is also a founder member of the Corporate Secretaries International Association (CSIA). CSIA, a Geneva registered global organization, is dedicated to developing and growing the study and practice of corporate secretaryship to improve professional standards, the quality of governance practice and organizational performance. Its vision is to be “The Global Voice of Corporate Secretaries and Governance Professionals”.
Recognition
In Malaysia, the FCIS and ACIS qualifications are recognised by the Government as equivalent to Honours degrees whilst the Grad ICSA is recognised as equivalent to a general degree. The Government has also gazetted MAICSA as a prescribed body under Section 139(A) of the Companies Act 1965, which means that Associate and Fellow members of MAICSA can automatically act as company secretaries without having to apply for a licence from the Companies Commission of Malaysia (CCM). Members of the Institute with more than five years practical tax experience, either in the Government or private sector, are also eligible to apply to become tax agents under Section 153 (3) of Income Tax Act 1967.