1 / 13

QUALIFICATIONS, TRAINING AND RECRUITMENT OF DIRECTORS

QUALIFICATIONS, TRAINING AND RECRUITMENT OF DIRECTORS. SUMMARY. Work of the board Ways of training Characteristics of a responsible director Selecting new directors Relevant work of IoD. A: ROLE & TASKS OF A BOARD.

eakridge
Download Presentation

QUALIFICATIONS, TRAINING AND RECRUITMENT OF DIRECTORS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. QUALIFICATIONS,TRAINING ANDRECRUITMENT OFDIRECTORS

  2. SUMMARY Work of the board Ways of training Characteristics of a responsible director Selecting new directors Relevant work of IoD

  3. A: ROLE & TASKS OF A BOARD PURPOSE of a Board is to “ensure the company’s prosperity by collectively directing the company’s affairs, whilst being accountable to its shareholders and being responsible to relevant stakeholders”.

  4. B: KEY TASKS OF A BOARD • Establish Vision, Mission and Values • Set Strategy and Structure • Delegate to and Monitor Management • Exercise Accountability to Shareholders and be responsible to relevant Stakeholders

  5. C: TWO FEATURES OF A BOARD • Direction is not management • Directors have collective responsibilities

  6. D: WAYS OF TRAINING • Coaching • Mentoring • Courses

  7. E: CHARACTERISTICS OF A RESPONSIBLE DIRECTOR • Knowledge • Personal Attributes • “Fit” the Board

  8. F: KNOWLEDGE • There is no comprehensive list • But research shows the key areas are: • governance • strategy • finance

  9. G: PERSONAL ATTRIBUTES • Strategic Perception • Decision-Making • Analytical Power • Communication • Results-Orientated i.e. Leadership

  10. H: BOARD “FIT” • Board is a working group • Board size • Executive or Non-Executive Directors • Capability gaps

  11. I: SELECTING NEW DIRECTORS • The Process • identify board capability gap • develop personal spec. • search plan - get to know • The Chairman • Executive Directors • Non-Executive Directors

  12. J: NED DESIRABLE CHARACTERISTICS • Diverse business experience & good track record • Sharp business mind • Strength of character • Network of useful contacts • “Independence”

  13. K:RELEVANT WORK of the IoD • Training & Education • Research (Partnerships with Academics) • Awards, Diplomas, etc • Publications • Board Consultancy (especially for non-executives) • Good Practice - Code of Conduct

More Related