thursday 18th sept - elizabeth jamieson- presentation · beware the chair who chooses their board!...
TRANSCRIPT
Agile governance for the age of…
CheckUpGovernance Forum
18 September 2014BrisbaneElizabeth Jameson
Today’s discussion
κυβερνάω [kubernáo]
Today’s discussion
The word ‘governance’ is derived from the Greek
verb κυβερνάω [kubernáo]
Meaning:
to steer
Today’s discussion in context
Reform, restructure, competition, innovation, contestability, commissioning, productivity
‘Here again - gone again - here again ACNC’
Governance Standards (ACNC, ASX, APRA)
Loss of confidence in institutions
Greater pressure for governance accountability and transparency
Otherwise pretty quiet times…
Steering the ship in slightly less placid seas demands…AGILITY
Roll up! Roll up!To the Governance ‘3 Ring Circus’
Legal ‘Members’
Legal ‘Members’ CEO & StaffCEO & StaffBoardBoard
Legal Authority
Accountability
Fiduciary Relationship
Contractual Relationship
The ‘8 Step Program’ to building agile governance for disruptive time
1. Chair-led but not chair-dominated boards2. Take a purpose-driven approach 3. Identify ideal – or at least achievable - (‘fit for
purpose’?) board composition and structure4. ‘Nominations’ processes
5. Pre-selection ‘induction’6. Post-selection induction7. Ongoing composition reviews8. Never rest!
The 8 Step Program : Step 1
Chair-led but not chair-dominated Beware the Chair who chooses their board!
Beware the CEO who chooses their board!
Build a strong Chair/CEO relationship
Schedule the annual timing for discussion
Whole of board activity
The 8 Step Program : Step 2
Purpose-driven approach Allow purpose not personalities to drive it
Board’s key role in strategy in disruptive times
Understand organisational ‘values & purpose’
Don’t forget the value of ‘challenging’ directors
The 8 Step Program : Step 3
Identify ‘fit-for-purpose’ Board There is no universal formula for board size
and composition
Based on ‘purpose’ and strategy ask ‘What will deliver optimum governance agility?’
Next ask: ‘What do we already have?’
Develop a board composition policy & matrix
The 8 Step Program : Step 4
Nominations Process Origins with APRA-regulated and ASX
Removes personality issues (e.g. appointorirrelevant, tenure as an issue etc)
What’s on offer:
Process of (identification, selection etc)
Committee?
Board composition criteria?
The 8 Step Program : Step 5
Pre-selection ‘Induction’ Ensure candidates come in with eyes wide
open…
Use/develop your induction kit
Remember confidentiality!
The 8 Step Program : Step 6
Post-selection ‘Induction’ Once you get them, do not let them go!
(within reason, of course…)
Induction as a year-long process
Integrate into board-development program
Schedule 6 month and 12 month reviews
Annual review of induction program
The 8 Step Program : Step 7
Ongoing ReviewWhat did we get right and
wrong?
What has changed?
What is required next time around?
The 8 Step Program : Step 8
Never Rest!
The 8 Step Program
Purpose-drive
Chair-led
Identify composition
Post-selection induction
Nominations process
Ongoing review
Pre-selection ‘induction’
Constant vigilance
The 8 Step Program
Purpose-drive
Chair-led
Identify composition
Post-selection induction
Nominations process
Ongoing review
Pre-selection ‘induction’
Constant vigilance
For more information, please contact:
Elizabeth JamesonManaging Director0418735880(07) 3511 7988www.boardmatters.com.au
Getting the NFP Board ‘in Sync’
