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:
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Column 1 |
Column 2 |
Column 3 |
Column 4 |
| 1 |
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| 2 |
Skills, Diversity and Experience of the Board
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| 3 |
Chairman
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| 4 |
Director 1
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| 5 |
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| 6 |
Leadership
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| 7 |
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| 8 |
Corporate Governance and Compliance
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| 9 |
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| 10 |
Regulatory Compliance
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| 11 |
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| 12 |
Membership of Governance or Regulatory Bodies
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| 13 |
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| 14 |
Position held on Financial Bodies and Councils
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| 15 |
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| 16 |
Strategy
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| 17 |
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| 18 |
Senior Management positions held outside RFG
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| 19 |
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| 20 |
Directorships held outside RFG
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| 21 |
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| 22 |
CEO / CFO / COO experience
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| 23 |
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| 24 |
General Management
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| 25 |
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| 26 |
Tenure – with RFG for up to three years
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| 27 |
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| 28 |
Tenure – with RFG for over three years
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| 29 |
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| 30 |
Operations
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| 31 |
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| 32 |
Occupational Health and Safety
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| 33 |
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| 34 |
Experience Managing Environment Issues in an Organisation
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| 35 |
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| 36 |
Project Delivery
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| 37 |
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| 38 |
Sector / Industry Experience – Retail/Franchising
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| 39 |
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| 40 |
Geographic Experience – Global
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| 41 |
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| 42 |
Geographic Experience – Asia Pacific
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| 43 |
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| 44 |
International Business
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| 45 |
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| 46 |
Finance
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| 47 |
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| 48 |
Accounting
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| 49 |
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| 50 |
Mergers and Acquisitions / Equity / Capital Markets
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| 51 |
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| 52 |
Experience in Growing a Business
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| 53 |
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| 54 |
Experience in Implementing Capital Projects
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| 55 |
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| 56 |
Banking
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| 57 |
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| 58 |
Business Development
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| 59 |
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| 60 |
Risk Management
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| 61 |
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| 62 |
Marketing
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| 63 |
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| 64 |
Remuneration
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| 65 |
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| 66 |
Government Relations
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| 67 |
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| 68 |
Human Resources Management / People
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| 69 |
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| 70 |
Professional Services
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| 71 |
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| 72 |
Gender Diversity – worked with females on Boards
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| 73 |
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| 74 |
Technology in Retail//Franchising
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| 75 |
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| 76 |
Tertiary Qualifications
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| 77 |
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| 78 |
Post-Graduate Business Studies and CA or CPA
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| 79 |
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| 80 |
Residency in Australia
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| 81 |
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| 82 |
Residency outside Australia
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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?
(20min delay)