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    Eg and CGW

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    hcintiland sby
    The document provides a competency framework for effective governance boards. It outlines three key areas of competencies: 1) Behavioral competencies which relate to how board members function as a team and interact with stakeholders. 2) Technical/governance competencies which are the essential knowledge that board members should possess in order to be effective, including some specific technical skills applied at the board level. 3) Industry competencies which refer to experience in and knowledge of the industry that the organization operates in.

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    Eg and CGW

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    hcintiland sby
    7 views3 pages
    The document provides a competency framework for effective governance boards. It outlines three key areas of competencies: 1) Behavioral competencies which relate to how board members function as a team and interact with stakeholders. 2) Technical/governance competencies which are the essential knowledge that board members should possess in order to be effective, including some specific technical skills applied at the board level. 3) Industry competencies which refer to experience in and knowledge of the industry that the organization operates in.

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    eG-and-CGW

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    The document provides a competency framework for effective governance boards. It outlines three key areas of competencies: 1) Behavioral competencies which relate to how board members function as a team and interact with stakeholders. 2) Technical/governance competencies which are the essential knowledge that board members should possess in order to be effective, including some specific technical skills applied at the board level. 3) Industry competencies which refer to experience in and knowledge of the industry that the organization operates in.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views3 pages

    Eg and CGW

    Uploaded by

    hcintiland sby
    The document provides a competency framework for effective governance boards. It outlines three key areas of competencies: 1) Behavioral competencies which relate to how board members function as a team and interact with stakeholders. 2) Technical/governance competencies which are the essential knowledge that board members should possess in order to be effective, including some specific technical skills applied at the board level. 3) Industry competencies which refer to experience in and knowledge of the industry that the organization operates in.

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    Effective Governance Board Competency Framework

    The attributes and competencies enabling


    individual Board Members to use their
    Behavioural knowledge and skills to function well as team
    Members and to interact with key
    stakeholders

    Governance
    The essential governance knowledge and
    understanding all Board Members should
    possess or develop if they are to be effective
    Board Member. Includes some specific
    Technical technical competencies as applied at Board
    level

    Technical/professional skills and


    specialist knowledge to assist with
    ongoing aspects of the Board’s role
    Industry

    Experience in and knowledge of the industry


    in which the organisation operates

    Source: GC Kiel et al., 2012, Directors at work: a practical guide


    for boards, Sydney: Thomson Reuters.
    What a skills assessment looks like - internal

    Current Competency Future


    Self-Assessment
    Requirement

    Current Met / Not


    Rounded Rounded

    Director D
    Director A

    Director B

    Director C

    Director E

    Director F
    Section Competency Maximum Number
    Mean: Mean: Met
    Current at Future
    Skill Level Directors
    GAPS Skill Level Needs
    Skill Level
    Required Required

    1.1 Accounting 3 2 3 3 2 2 3 0 4 2 Not Met


    1.2 Finance 2 2 2 3 2 2 3 0 4 2 Not Met
    Technical Skills and Experience

    1.3 Industry experience 1 4 3 3 4 2 4 4 5 2 Not Met


    1.4 Law 5 1 2 2 2 2 5 1 4 1 Met
    1.5 Strategic marketing 2 2 2 2 4 3 4 2 3 2 Met
    1.6 Strategy development and
    2 3 2 2 4 3 4 1 4 2 Not Met
    implementation
    1.7 Risk management 2 3 2 2 3 2 3 2 3 2 Met
    1.8 HRM 2 2 2 3 2 2 3 1 3 2 Not Met
    1.9 Information technology 1 1 1 2 2 2 2 3 3 1 Not Met
    1.10 Contemporary corporate
    4 3 2 3 4 3 4 2 4 3 Not Met
    governance

    Key

    What Educate Individual meets or exceeds requirements

    value? Requirement not met


    Requirement met

    2
    What a skills assessment looks like - external

    Self-Assessment

    Director D
    Director B
    Director A

    Director E
    Director C

    Director F
    Section Competency

    Accounting
    Finance
    Technical Skills and Experience

    Industry experience

    Law 
    Strategic marketing  
    Strategy development and implementation 
    Risk management  
    HRM 
    Information technology

    Contemporary corporate governance

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