Governance

CIPS is a professional body and registered charity, originally founded as the Purchasing Officers Association in 1932 and awarded a Royal Charter in 1992.  In June 2014 CIPS members voted to amend the Charter and Bye-laws to change the name of the Institute from ‘The Chartered Institute of Purchasing and Supply’ to ‘The Chartered Institute of Procurement and Supply’ and to introduce the new professional status of ‘Chartered Procurement and Supply Professional’ for suitably qualified members.

On 8 October 2014 HM the Queen gave her assent to the proposed changes to the Charter and the Privy Council approved the changes to the Bye-laws.

View the full Charter and Bye-laws.

The Charter and Bye-laws are the Institute’s governing document and set out its structure and the rules for its governance and control.  The roles, responsibilities and operation of each body in the governance structure are set out in detailed Regulations.

Charter and Bye Law Changes
On 8 October 2014 HM The Queen gave her assent to change the name of the Institute from ‘The Chartered Institute of Purchasing and Supply’ to ‘The Chartered Institute of Procurement and Supply’ and to introduce the new professional status ‘Chartered Procurement and Supply Professional’.

Chartered status will be open to MCIPS and FCIPS members and successful applicants will be able to use the title ‘MCIPS (or FCIPS) Chartered Procurement and Supply Professional’. Find out more.

Members of CIPS worldwide are required to uphold CIPS Code of Conduct and to seek commitment to it by all the parties they engage with in their professional practice.

View the Code

The Nominations Committee is a sub-committee of the Global Board of Trustees and is responsible for the election and appointment of Officers and Trustees.

Its role is to:

• select the Institute’s President and the Chairman of the Global Board of Trustees
• be responsible for the election and appointment of new Trustees
• set the recruitment criteria for Trustees and the standard for Trustee performance and conduct
• validate candidates for election or appointment to the Board of Trustees against those criteria to ensure that Trustees have the commitment and competence to carry out their responsibilities
• put forward for election a slate of candidates who meet the criteria
• appoint other Trustees and fill any vacancies, by pro-actively searching for suitable candidates who meet the criteria
• ensure that the Trustees as a collective are balanced and not dominated by any single interest group

The Committee’s Terms of reference can be found in the Regulations.

The Audit Committee is a sub-committee of the Global Board of Trustees which supports the Board in fulfilling its responsibilities for the control and governance of the Institute, regulatory compliance and risk management.

Its role is to monitor, review and report to the Board on:

• internal financial control and reporting policies
• external audit arrangements
• compliance with external regulators
• risk management procedures

There are three members of the committee, at least two of whom must be current Trustees.

The Committee’s Terms of Reference can be found in the Regulations.

The Remuneration Committee is a sub-committee of the Global Board of Trustees, its role is to ensure that CIPS has in place appropriate policies and procedures to ensure fair and appropriate remuneration to its employees generally, and to manage the recruitment of the CEO, thereafter reviewing his or her remuneration.

Its role is to:

• review and approve CIPS employee remuneration policy for its relevance and appropriateness
• review and approve the bonus payments each year, if applicable
• review and approve CIPS’ employee pension policy for its relevance and appropriateness (taken from Audit Committee)
• review and set the remuneration package for the CEO, including any bonus scheme
• review and approve the CEO’s recommendations for the remuneration of the Strategic Leadership Team
• consider and approve entry and exit packages for the CEO and Strategic Leadership Team members where terms are outside normal contractual parameters.

Modern Slavery Statement

CIPS is leading the way on raising awareness of modern slavery in supply chains.

View modern slavery statement

The Congress is the Institute’s representative and advisory body, elected from and by the global membership.

View more detail on Congress and its role here.

CIPS has offices in:

View CIPS Annual Report and Accounts for:

• CIPS Annual Report 2019/20
• CIPS Annual Report 2018/19
• CIPS Annual Report 2017/18
• CIPS Annual Report 2016/17
• CIPS Annual Report 2015/16
• CIPS Annual Report 2014/15
• CIPS Annual Report 2013/14
• CIPS Annual Report 2012/13
• CIPS Annual Report 2011/12
• CIPS Annual Report 2010/11