Being a Director Part 4

Increasing Board Effectiveness and Adding Value

Key focus areas

An effective board

· Different leadership styles

· Board governance frameworks-charters, codes, policies

· What are the questions board should be asking themselves?

The role of the board of directors

· The board as agent

· Managing vs directing

· Governance duties – King III principles\

Director selection and removal

· The process for director selection

· The importance of succession planning

· Balance on the board

· Characteristics of good directors

· Induction and ongoing training

· Directors remuneration

· Removal of directors

Effective meetings

· The importance of well structured board agendas

· Characteristics of effective meetings

· Common meeting problems

Board committees

· The role and mandate of board committees

· The benefits of having board committees

· The typical board committees (including statutory and non-statutory board committees)

· Coordinating the roles and responsibilities of board committees, particularly audit, risk and social & ethics committees

Board appraisals

· The requirements for doing board appraisals

· The benefits of doing board appraisals

· Board appraisals process

· Acton items from results of board appraisals