The Board consists of:
Independent non-executive chairman - accountant
Independent non-executive director - accountant
Independent non-executive director - lawyer
Independent non-executive director - banker
Independent non-executive director - business development/advertising
An example of a skills matrix for analysis of Boards and their capabilities/capacity:
Column 1 Column 2 Column 3 Column 4 0 Skills, Diversity and Experience of the Board Chairman Director 11 Leadership 2 Corporate Governance and Compliance 3 Regulatory Compliance 4 Membership of Governance or Regulatory Bodies 5 Position held on Financial Bodies and Councils 6 Strategy 7 Senior Management positions held outside RFG 8 Directorships held outside RFG 9 CEO / CFO / COO experience 10 General Management 11 Tenure – with RFG for up to three years 12 Tenure – with RFG for over three years 13 Operations 14 Occupational Health and Safety 15 Experience Managing Environment Issues in an Organisation 16 Project Delivery 17 Sector / Industry Experience – Retail/Franchising 18 Geographic Experience – Global 19 Geographic Experience – Asia Pacific 20 International Business 21 Finance 22 Accounting 23 Mergers and Acquisitions / Equity / Capital Markets 24 Experience in Growing a Business 25 Experience in Implementing Capital Projects 26 Banking 27 Business Development 28 Risk Management 29 Marketing 30 Remuneration 31 Government Relations 32 Human Resources Management / People 33 Professional Services 34 Gender Diversity – worked with females on Boards 35 Technology in Retail//Franchising 36 Tertiary Qualifications 37 Post-Graduate Business Studies and CA or CPA 38 Residency in Australia 39 Residency outside Australia
Further columns for the other directors and last a total column are needed for a full picture.
After reading the above consider whether the Board has the correct composition/skills.
Additionally, there appears to be a shortfall in experience related to RFG's industry. If so, how can the Board and particularly the chairman interrogate the MD on operational/strategic matters?
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