Working Groups
Update on Board Working Groups
Developing a Compact for Board Behaviour
This group, chaired by Wendy Nicklin, has met once to date. The groups task is to define the behaviours of the Board which underlie the desired culture which in turn will influence how the Board functions.
The committee has already undertaken to review two draft Board compacts; one complied by the CEO and one compiled from the Board Retreat in March. Each committee member has been invited to give their feedback and comments to the notes drawn from the first meeting involving the Compact – future discussions are due to take place during the second meeting. The Compact developed by the committee will be presented to the Board at the next Board meeting in June
Defining and Understanding the stakeholder, partner and customer base
This group, chaired by Jeffrey Braithwaite is due to hold it’s first meeting on May 10th.
The committee’s task is to identify the ISQua customers, partners and stakeholders such that the USP (unique selling proposition). The committee will use customer analysis (provided by the office) drawn from Salesforce and information from the Board Retreat to conduct its work and present it’s outcomes to the Board meeting in July.
A new governance model for optimal effectiveness
This group, chaired by Cliff Hughes, has met twice and has reviewed the following:
- Board size (including number of elected and appointed members)
- Board continuity
- Board term
- Board competencies
- Board expenses
- Nominations Committee
- Limiting numbers of Board members from one country
Although the committee were due to meet three times, the committee has decided that they need to meet a fourth time. Proposals developed by the committee will be presented to the Board.
Improving Board Operations
This group, chaired by Wendy Nicklin, has meet once. The main focus of the first meeting was to review the purpose and role of the governance and advisory committees. Due to the workload on the Corporate Governance and Audit committee there was a suggestion to separate finance and audit from corporate governance. The group considered a nominations committee and reviewed the purpose of the advisory committees and the reporting lines of all committees. The group are due to meet two more times and will also review operations of the Board.