11.3 Board competencies Flashcards
Who published “20 Questions Directors of Not-for-profit Organisations Should Ask Ask About Board Recruitment”?
Chartered Professional Accountants of Canada (2010)
What are the first 5 considerations in “20 Questions Directors of Not-for-profit Organisations Should Ask Ask About Board Recruitment”?
1 What are the requirements for appointments?
2 What size/composition of the board?
3 Does the board have mandates/charters
4 Has the poard established descriptors for board roles?
5 What skills and experiences are needed?
List 5 elements that may be included in director position descriptors.
Attendance at meetings Preparation for meetings Communication outside meetings Committee service Contribution of skills and experience Ethical standards and fiduciary duty Participation in induction, development, etc Availability for meetings and calls Chairing meetings Governance, leadership and accountability expectations
What are the final 2 considerations in “20 Questions Directors of Not-for-profit Organisations Should Ask Ask About Board Recruitment”?
6 What personal qualities and skills do directors need?
7 What skills experience and qualities should board/committee chairs have?
What is the problem with the biased archetype for CEOs (six foot tall, white man, degree from top university, etc.)
These attributes do not neccessarily predict success.
What is the name of the 10 year study of some 17000 C-suite executive and 2000 CEOs from major indstries?
The CEO Genome Project
The CEO Genome Project found that while board gravitate toward charistmatic e_________, i_______ are found to be more successful.
extroverts
introverts
What were the four key attributes identified by the CEO Gemone Project that were most likely to promote success of CEOs? (Hint DAAR)
1 Decisiveness
2 Ability to engage shareholders
3 Adaptability
4 Reliability
Dulewicz & Gray (1997) found four key attrbutes that promoted NED success. What were these? (Hint ICLJ)
1 Integrity
2 Change-oriented
3 Listening
4 Judgement
A 2012 Korn Ferry report found that what factors was considered most important for boards to have effective conversations (92.9%)?
The quality of the chairman.
What is the responsibility of the Chair according the Principle F of the UK Code?
The chair leads the board and is responsible for its overall effectiveness in directing the company.
Which guidance reccomends that te chair hold meetings with the NEDs without the executives present in order to facilitate a full and fair franking of views?
The FRC Guidance on Board Effectiveness
Which part of the UK Code requires that “The board should appoint one of the independent NEDs to be the senior independent director to provide a sounding board for the chair and serve as an intermediary for the other directors and shareholders”?
Provision 12
When does the SIDs role become “more important”?
During times of disruption and stress, ssuch as during a takeover or when there is dispute between the chair and CEO.
When did the SID role first come into existence?
Following the 2003 Higgs Review
