June 2014 Board Effectiveness - Joy Allen

IoD Leading Governance 11.06.14

The Effective Board (book)

Financial reporting council guidance on board effectiveness (frc website)

What's in a word? Shoe

Foot

Style

Heel

Shopping

Fiancée

Comfort

The management of management

Conformance and performance - managing risk yet pushing forward

Governing Document

- Quorum

- How to you get rid of a board/ add a member - the memorandum/ constitution document

Nicva Good Governance for charities

FRC website uk code of governance

IoD corporate governance for unlisted companies in the uk (IoD publication) Leading governance .com 'purpose'

Our needs

- what is appropriate for us

- who are the stakeholders and how do we involve

- who do we consult with

- what information needs to be shared with stakeholders

Charity- public funding where is it going

Chair sets the agenda

View from the helicopter - what are the emerging risks? What is the look ahead like?

Strategic risks for organisation - risks and priorities

Key risks for Orchardville

Shift focus from past to future. Keep reports short put key on moving forward Succession planning Role description for day job Role description for board - IoD resource Standards for the Board (book)

Think about the board your competitors have

IoD resource for non exec cvs

Skills knowledge and experience needed - draw up description

Agenda - conflict of interest item

Value - welcoming

Sacrifice immediate income for the long term goal

What is board effectiveness

- the right people in the room

- Doing the right thinking- agenda (with timings)

- Having the right conversations

- Asking the right questions

- making the right decisions

Brain of the organisation

Basic evaluation towards further steps

Develop a learning culture in the boardroom Remind board members of board priorities

Brain sex survey - Kevin donaghy

Review of contribution (like a pr) ask joy for copy (conducted by chair) Senior independent non executive director / vice chair (a conduit for people to communicate to)

Importance of the leadership of the chair

Evaluate the

- board

- committees

- chair

- board members

- CEO

Minute taker (admin could be brought in) to chief exec to chair

Shadow Director

Part of a plan for the business has a plan for the board