CIPS is pleased to announce that following a majority ‘yes vote’ amongst members on 25 June 2014 at the CIPS Annual General Meeting, we can proceed to make a formal submission to Her Majesty’s Privy Council to make agreed changes to the CIPS Charter and bye-laws. This means that CIPS can offer Chartered Procurement & Supply Professional status for suitably qualified and experienced members, and change the Institute’s name to The Chartered Institute of Procurement & Supply, once approved.
This last stage is the result of a long period of discussion, development and consultation with a wide range of stakeholders including the global membership, CIPS Congress and the Board of Trustees, as well as procurement and supply management leaders in public, private and third sectors plus other professional bodies.
We invited members to take part in a poll earlier this year and published documentation setting out recommendations and rationale for the changes and what it would mean for members, the Institute and for the profession.
FCIPS will remain the most senior membership grade, and MCIPS will remain the benchmark grade for qualified professionals. We’re excited that the new Chartered Status will be an opportunity for members to enhance their lifelong learning.
The results of this vote showed 90% of voters were in favour of both proposals.
We will keep stakeholders and members informed of the progress of HM Privy Council’s approval expected later this year.