In Randi’s May Executive Update, we shared that our Society Operations team is building out training resources for society leaders and staff members on a new, more interactive platform in time for a 1 September launch. This will include essential training modules that active society leaders and staff must complete in order to receive operational funding
With many boards turning over soon, we would like to clarify the current training requirements so incoming and existing boards have a better idea of what to expect in the coming months and feel equipped to meet the requirements.
Society Leader Orientation
In August 2023, we released an updated Society Leader Orientation to help onboard those new to the network. The Society Leader Orientation training will continue to be required for all society leaders and staff members in order to receive operational funding.
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All society leaders and staff members must complete the orientation training in order to receive operational funding. We strongly recommend completing this training within four months of onboarding.
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Those attending the Society Leadership Conference are required to complete the training prior to the event commencing.
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On 1 September 2024, the training will shift to a new platform. The content and completion requirements will remain the same.
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Current leaders and staff members who have already completed the training have met this requirement and do not have to complete the training again this year.*
The 45- to 60-minute online training covers several key topics, including an overview of
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the CFA Institute strategy and how societies are uniquely positioned to contribute to it
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the Society Operating Model
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Board governance
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strategic planning and funding processes
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how societies connect and collaborate
You can find the Society Leader Orientation training on Society Center.
*Note this requirement may change if your service extends into another term or a new role. We will communicate any changes to training requirements as they apply to your circumstances when the time comes.
Data Privacy Training Requirements Beginning 1 September 2024
CFA Institute manages the data of hundreds of thousands of individuals across our platforms. Our members, candidates, and other stakeholders trust us with their personal information, so it is imperative that we do what we can to protect it. CFA Institute is also required to comply with data privacy laws in an ever-changing global landscape.
Beginning 1 September 2024, in addition to the Society Leader Orientation training, new society leaders and staff will be required to complete the Data Privacy Training in order to receive operational funding. We strongly recommend completing this training within four months of onboarding.
Society leaders and staff members who completed the Society Leader Orientation training in FY24 (September 2023-August 2024) are exempt from completing the Data Privacy training this year.*
The online training will equip society leaders and staff to handle our shared stakeholders’ data in compliance with legal and ethical guidelines, to understand the risks of compromised data, and to develop a course of action to remedy a potential data breach.
Look for more information about the Data Privacy training around its 1 September launch.
*Note this requirement may change if your service extends into another term or a new role. We will communicate any changes to training requirements as they apply to your circumstances when the time comes.
Additional Training Opportunities
Beyond offering the Society Leader Orientation training and Data Privacy training on a new platform, we are developing a robust offering of trainings that will give the resources and information you need to support your society. We look forward to sharing more about the offerings and requirements later this year.
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