1. QUALIFICATIONS, TRAINING AND RECRUITMENT OF DIRECTORS

2. SUMMARY n Work of the board n Ways of training n Characteristics of a responsible director n Selecting new directors n Relevant work of IoD

3. A: ROLE & TASKS OF A BOARD n PURPOSE of a Board is to “ensure the company’s prosperity by collectively directing the company’s affairs, whilst being accountable to its shareholders and being responsible to relevant stakeholders”.

4. B: KEY TASKS OF A BOARD n Establish Vision, Mission and Values n Set Strategy and Structure n Delegate to and Monitor Management n Exercise Accountability to Shareholders and be responsible to relevant Stakeholders

5. C: TWO FEATURES OF A BOARD n Direction is not management n Directors have collective responsibilities

6. D: WAYS OF TRAINING n Coaching n Mentoring n Courses

7. E: CHARACTERISTICS OF A RESPONSIBLE DIRECTOR n Knowledge n Personal Attributes n “Fit” the Board

8. F: KNOWLEDGE n There is no comprehensive list n But research shows the key areas are: F governance F strategy F finance

9. G: PERSONAL ATTRIBUTES n Strategic Perception n Decision-Making n Analytical Power n Communication n Results-Orientated i.e. Leadership

10. H: BOARD “FIT” u Board is a working group u Board size u Executive or Non-Executive Directors u Capability gaps

11. I: SELECTING NEW DIRECTORS n The Process u identify board capability gap u develop personal spec. u search plan - get to know n The Chairman n Executive Directors n Non-Executive Directors

12. J: NED DESIRABLE CHARACTERISTICS n Diverse business experience & good track record n Sharp business mind n Strength of character n Network of useful contacts n “Independence”

13. K:RELEVANT WORK of the IoD n Training & Education n Research (Partnerships with Academics) n Awards, Diplomas, etc n Publications n Board Consultancy (especially for non- executives) n Good Practice - Code of Conduct