Leading Executive Committees

Date: On a date of your choice
Location: Delivered as an interactive briefing
Event Code: LEC

Course Details

A key element in decision making for firms, Executive Committees glue together the critical functions of the business. Examine what makes a good committee and how you can make them a worthwhile use of your time.

We often hear complaints about the amount of time people are spending in a proliferation of Executive Committees. It is true that these structures can become complex and numerous with responsibilities only superficially understood and the purpose and powers originally envisaged being obscured.

To make your structure efficient, your meetings purposeful and your messages to the Board and others clear there are some tried and tested approached. This workshop style event will explore the options and provide useful actions to improve your Committee’s performance. 

Who should attend:

Executives who Chair Committees and those who attend them. Even experienced Directors will gain some value from the best practice ideas for improving the performance in this key governance area. 

Agenda:

1. Governance Frameworks

  • What good governance and regulatory practice requires
  • Matters  generally reserved for the Board
  • Delegation by the Board
  • Where Executive Committees fit in
  • Common problem areas

2. The key role of Terms of Reference

  • The “bible” of the Committee
  • Clarity of reporting up and down
  • Constituency – are the right people there
  • Power to make decisions or refer
  • Individual versus committee responsibility

3. Review and updating of TOR

  • Chairing the meeting
  • Organisation and planning
  • Papers presented – structure and timeliness
  • Running the meeting
  • Summarising and closing
  • Vital role of minutes

“The PRA expects executive management to exercise judgement and actively to apprise their boards of key business developments, decisions and activities at an appropriate but early stage.  In particular, executives have a responsibility to ensure that their boards are able to exercise their role.”PRA CP18/15 Corporate governance:  Board responsibilities

Key Benefits

  • Understand the role of Executive Committees in Governance
  • Recognise the importance of the Terms of Reference (TOR)
  • Using the TOR to guide and focus your Committee
  • Learn some top tips for improving your meetings
  • Manage the process to reach good outcomes
  • Make your reporting more effective

Your Consultant: Eithne McManus

As an expert in risk management and insurance, Eithne McManus consults with firms on finance, actuarial and audit matters. She leads many workshops and training events to keep Directors and senior managers up to date on these topics.  Her business experience allows her to understand the practical issues that firms face and to demonstrate ways to improve on the status quo.

A qualified actuary, Eithne spent much of her career with City of Westminster Assurance, where she was Chief Financial Officer before becoming Chief Executive. She became an executive director with responsibility for risk management at Countrywide Assured before moving into consultancy. She is currently a non-executive director at two insurance companies and one asset manager, in these roles chairs a combined Audit, Risk and Compliance Committee and a separate Audit Committee.

 

 

 

 

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