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- Institute of Managers and Leaders partners with Chartered Management Institute
Institute of Managers and Leaders partners with Chartered Management Institute
The Institute of Managers and Leaders (IML, formerly the Australian Institute of Management) has announced a long-term strategic partnership with prestigious, London-based, international management body, the Chartered Management Institute (CMI). The partnership sees IML become the exclusive management and leadership accrediting body in Australia and New Zealand, with the introduction of the Chartered Manager professional designation, and a new university partnerships program (called Pathway).
“Accountants, lawyers and psychologists are expected to meet a high standard of professional competence and excellence to practice their trade,” says David Pich FIML, Chief Executive of the Institute of Managers and Leaders. “The skills of management professionals however, are too often unassessed and left to chance in Australia without a benchmark of competence, despite our local managers being in critical positions of leadership’.
The Institute will now set the standard for management and leadership excellence in two ways: the organisation will award the Chartered Manager designation to managers and leaders in Australia and New Zealand; and they will offer local university students a fast track route to becoming Chartered Managers through Pathway, an exclusive university partnerships program.
The Chartered Manager (CMgr) designation is the globally-recognised professional award certified by the Royal Charter. It represents the highest status that can be achieved by a manager and leader. For the first time in Australia and New Zealand this gold-standard accreditation will allow managers and leaders to improve their leadership skills through a program focused on Continuing Professional Development (CPD).
Pich continued, “Organisations recruit professionally qualified and certified staff to manage their finances and their legal matters, but they leave the management of their most important assets – their people – to chance. By recruiting Chartered Managers, local employers can have confidence in the fact that they are entrusting their people with proven managers and leaders. The professionalisation of management is long overdue in Australia and in New Zealand”.
In addition to the introduction of the Chartered Manager designation, the Institute is launching Pathway, a university partnership program that – for the first time – sees the introduction of professional body accreditation for management-related courses in the Australian tertiary education space. Pathway will see undergraduate and post-graduate management courses mapped to benchmark local students against real-world skills and against global industry standards. This will prepare graduates to enter the workforce with critical management skills – a “pathway” to management and leadership success and ultimately to Chartered Manager status.
David Pich said, “The Institute’s Pathway program is the first of its kind in Australia and New Zealand. It offers our local, world class universities the ability to partner with the Institute of Managers and Leaders to enrich their management courses and their management students with real life skills that will ultimately make them more employable. Our goal is to set the nation’s students on the ‘pathway’ to becoming better managers and leaders in the future. Leadership matters, and this partnership program is an acknowledgement that many of our future leaders are currently studying at universities around Australia and New Zealand’.
Around the world, the Chartered Management Institute has partnered with more than 100 universities, improving employability, enriching student experience and providing professional recognition and development pathways.
CEO of the Chartered Management Institute, Ann Francke said: “We’re delighted to partner with IML to raise the standards of leadership and management in Australia and New Zealand by offering the gold standard – Chartered Manager status. Business is full of ‘accidental managers’ – people promoted from technical roles without having the training or skills to lead. We support people at every stage of their careers, from helping students to graduate with the work-ready skills that employers want, to those who are established in their roles but want to rise up the ranks. Productivity and ongoing business success are closely tied to quality of leadership and management so there are huge gains to be made from equipping workers with the professional skills to manage and lead.”
Taken from Institute of Managers and Leaders Media Release 27 October 2017