Chief Executive Officer Welcome to Director Institute Headquarters - - PowerPoint PPT Presentation

Kylie Hammond Chief Executive Officer

Welcome to Director Institute Headquarters

Australia’s Fastest Growing Network of Director Talent

• Director Institute runs the Largest

Board Search Practice in Australia

• Completed over 400 Board Searches

in 2014.

• # of Searches will Treble in 2015
• Director Institute offers Members

genuine opportunities to connect with Exclusive Board Director

• pportunities.
• Welcome Ita Buttrose Chair Director

Institute Advisory Board.

Top 10 Critical Things You Need to Know

Tonight’s Presentation – Top 10 Critical Elements

• #1 Understand Your Competition
• 40,000 Members AICD
• 20,000 Members Women on Boards
• Estimate 100,000 Directors East Coast
• 1 Million Directors in Australia
• Competition is High for ASX Roles
• Only 80 - 100 Roles Per Annum
• Need To Understand Your Competition

Brand & Value Proposition

Your Director Brand – What Makes You Unique?

• #2 Spend the Time Required to Develop Your Director Brand
• Have a Clear Value Proposition – Work with Professionals
• Professionally Developed Board Resume – Critical to Success
• Harmonize with LinkedIn Profile – Becoming More Important
• Develop Your Elevator Pitch
• Understand Skills Required - Underpinning Board Director roles.

Secure Your First Appointment

How To Secure Your First Role

• #3 Know Where to Target Opportunities for Your First Role
• Target the Organisations Willing to Give First Time Directors a Go
• Consider Not-For-Profit, Arts, Sports, Community Based Roles
• Government, Local, State and Federal
• Internal Steering Committees, Reporting to Boards
• Early Stage, High Potential Businesses
• Private Companies, Advisory Boards – Leading to NED Roles

What Makes For a Good Board Appointment

Assessing Good Quality Opportunities

• #4 What Makes Good 1st Board Appointment
• Look Carefully At the Organisations Reputation
• Study the Way the Current Board Operates
• Understand Profiles of the Chair and Directors
• Can You Add Value? Do You Have Time?
• What Experience Will You Gain?
• In 12 Months Time – Will This Help You Secure 2nd

Role?

NFP, Sports, Arts & Community Boards

Non-Paid, Expenses Only, Volunteer

• #5 Don’t Under-Estimate Importance of

Earning Your Stripes Building Experience

• Boards in this Sector can be Dysfunctional
• Choose Carefully!
• Avoid Fringe Causes & Politically Sensitive

Appointments

• Make Sure Time Commitment is Clear
• Look for Quality Board and Organisation

Early Stage Companies

Fast-Track Your Board Experience

• #6 Look For Ways to Fast-Track Experience
• Understand the Risks – Many Start-Ups Fail
• Pick Businesses That You Understand
• Check Out the Team Closely – Can they

Execute their Business Plan

• Are They Raising Capital – Who is Their

Partner?

• What is the Likely Outcome over 12 Months?
• Limit Your Investments, Understand the

Paradigm.

Invest in Your Board Career

Brand Development & Education Options

• #7 Be Prepared to Invest in Your Board

Career – It Won’t Fall Into Your Lap!

• Reputation is Rarely Enough
• Get Trained – AICD Company Director Course
• Identify Board Director Mentors
• Learn from Your Peers
• Invest in Quality Board Resume & Other

Branding Materials

• Undertake Interview Preparation!

Foundations of Due Diligence

How to Conduct Due Diligence

• #8 Really Learn How to Conduct Due Diligence
• Treat Board Appointments Like a Marriage
• Foundations are formed during your early meetings with the Board
• Don’t join a Board without meeting all the Directors
• Ask to Read 12 months of Board Minutes
• Ask to attend 1 x Board Meeting as an Observer
• Ask to receive company financials after receiving offer to join.

Key Information Required

Assessing Good Quality Opportunities

• #9 Don’t Go It Alone, Seek Help & Advice
• Make sure you understand Financials and

Accounting treatment

• Don’t be embarrassed to ask questions.
• Download D&B reports on the company.
• Check for Financial Delinquency, Check for Tax

Liability, Assess Shareholders Register

• Review any Legal matters on foot.

Specific Letter and Offer Conditions

The Minimum Requirements

• Letter of Offer, should outline D&O

arrangements.

• Term, Time Commitment, review Company

Constitution.

• Governance Policy, General Access to

Documents for 7 years.

• Indemnity, Insurance, Access to Financials.
• Confidentiality Limits (Term)
• Always run past a commercial lawyer.

Assessing Board Opportunities

Be Street-Wise!

• #10 Don’t get Romantic about Board offers.

Park ego at the door.

• Never take at face-value everything you

hear in the recruitment process.

• Cross check records with what you have

been told – be aware of Directors who want to exit troubled company.

• If you are clearly under-qualified – question

why you have been approached.

My Top Tips

Portfolio Careers, Navigate the Pitfalls

• Get Networked, Study Boards of

Directors, Look Carefully at Successful Director Profiles.

• Start Early, Look for Low Risk

Appointments, Good Learning Experiences.

• Get Educated and Invest in Your

Development.

Contact Details

Kylie Hammond Chief Executive Director Institute Level 8, 99 Elizabeth Street Sydney NSW 2000 Australia Phone +61 2 9967 2121 Email kylie@directorinstitute.com.au Web www.directorinstitute.com.au