Training-IoDSA Governance Specialist-Richard
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IoDSA Governance Specialist

 Richard Foster

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Richard, a Chartered Governance Professional and a Chartered Director (SA) holds post graduate qualifications in Corporate Law (Wits), Tax Law (RAU) and Corporate Governance (RAU). Richard has held senior leadership positions in Anglo American, Mondi, and Old Mutual during his corporate career, with overall responsibility inter alia for areas such as Corporate Governance, Corporate Secretariat, Risk, Legal Services and Corporate Insurance. Richard has in addition held non-executive directorships/chairmanships in various companies both in South Africa and overseas. 

Richard currently operates an independent boutique consultancy specialising in corporate governance advisory services and serves as a professional Independent Non- Executive Director/Chairman on boards.  

Richard has been extensively involved in various corporate governance initiatives in the broader business/academic environment both locally and overseas with articles published in various leading international peer reviewed academic law and/or business journals.

In addition to his professional non executive directorships, Richard is currently serving as:

  • Member of the King Committee on Corporate Governance
  • Founding/current member of Committee for Responsible Investing in South Africa (CRISA), which inter alia undertook the drafting of the "Code of Responsible Investing in Southern Africa and CRISA 2.
  • Facilitator for the USB ED (Executive development/Masters programmes).
  • Honorary Fellow of the Institute of Directors in Southern Africa.
  • Member of the IoDSA Board Governance Forum (lead author of various Guidance Papers).
  • Facilitator for UCT Law Faculty - Law@Work
He has served as:
  • Member of the King IV Task Team responsible for drafting the King IV Report
  • Member of the Examination Committee and Independent Moderator for the Chartered Director South Africa (CDSA) designation.
  • Course convener and part time lecturer at University of Cape Town (UCT) – LLM, Advanced Corporate Law - Corporate Governance.
  • Facilitator for the USB/INSEAD Africa Directors Development Programme (ADP)
  • Senior Research Fellow of USB.
  • Facilitator for Institute of Risk Management South Africa (IRMSA)
  • Member of the IoDSA Audit Committee Forum (working committee)
     
 

BOARD EXPERIENCE
25 Years

DESIGNATIONS & QUALIFICATIONS
Chartered Director SA®
Chartered Governance Professional (SA) (Formerly Institute of Chartered Secretaries (SA))
Higher Diploma in Company Law (Wits)(Master's Level)
Higher Diploma in Tax Law (RAU)(Master's Level)
Post Graduate Diploma in Corporate Governance (RAU)(with distinction)


SKILLS AND EXPERIENCE

  • King IV and CRISA Report (Specialist Expert)
  • Corporate Governance (Global Insights and Specialist Expert)
  • Corporate Law
  • Corporate Secretarial (Specialist Expert)
  • Risk Management / Management
  • Various Board Committee experience as Chair and/or member (such as Nominations/Audit Risk & Compliance/Remuneration)
  • Financial Services and regulatory environment
  • Short Term Insurance Industry and Underwriting


CURRENT GOVERNING BODY POSITIONS

  • Various: regulated entities within Group in financial services sector and/or private equity investment holding companies/Trusts.
  • Certification Committee of the Board of Institute of Directors in South Africa (IoDSA)
  • Stellenbosch Business School - Centre for Corporate Governance in Africa


PREVIOUS GOVERNING BODY AND PROFESSIONAL POSITIONS HELD

  • Past Board member and Non-Executive Chairman of the Board of the Institute of Directors in South Africa (IoDSA). 
  • Past Board member of numerous group subsidiary companies (regulated entities) in certain major corporate entities in South Africa and offshore