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New Director Development
People join Boards from all types of backgrounds and experience, from the specialist disciplines within the firm to the Non Executive from a different industry entirely.
The key to ensuring they can make a valuable contribution is to review their competence. This should be undertaken as part of the appointment process but often fails to happen, particularly when making an internal appointment.
Competence come from reviewing three principle areas:
- What they know about the company and how it works
- What they know about the market and the particular demands in that market
- The skills and behaviours they bring to the table
When designing an induction programme it is these three aspects you need to make sure are covered. For new Non-Executives we have developed a unique approach which provides the necessary foundation understanding of regulation combined with the risk environment of the market. It can be tailored to reflect the particular activities and risk profile of your firm.
Also consider Executive Coaching where the needs are individual.
If you have new Directors or are looking to develop people for succession planning purposes do contact us now...
BP&E Global - because Board Performance Matters