Chief Executive Officer Welcome to Director Institute Headquarters - PowerPoint PPT Presentation

Kylie Hammond Chief Executive Officer

Welcome to Director Institute Headquarters Australia’s Fastest Growing Network of Director Talent • Director Institute runs the Largest Board Search Practice in Australia • Completed over 400 Board Searches in 2014. • # of Searches will Treble in 2015 • Director Institute offers Members genuine opportunities to connect with Exclusive Board Director opportunities. • Welcome Ita Buttrose Chair Director Institute Advisory Board.

Top 10 Critical Things You Need to Know Tonight’s Presentation – Top 10 Critical Elements • #1 Understand Your Competition • 40,000 Members AICD • 20,000 Members Women on Boards • Estimate 100,000 Directors East Coast • 1 Million Directors in Australia • Competition is High for ASX Roles • Only 80 - 100 Roles Per Annum • Need To Understand Your Competition

Brand & Value Proposition Your Director Brand – What Makes You Unique? • #2 Spend the Time Required to Develop Your Director Brand • Have a Clear Value Proposition – Work with Professionals • Professionally Developed Board Resume – Critical to Success • Harmonize with LinkedIn Profile – Becoming More Important • Develop Your Elevator Pitch • Understand Skills Required - Underpinning Board Director roles.

Secure Your First Appointment How To Secure Your First Role • #3 Know Where to Target Opportunities for Your First Role • Target the Organisations Willing to Give First Time Directors a Go • Consider Not-For-Profit, Arts, Sports, Community Based Roles • Government, Local, State and Federal • Internal Steering Committees, Reporting to Boards • Early Stage, High Potential Businesses • Private Companies, Advisory Boards – Leading to NED Roles

What Makes For a Good Board Appointment Assessing Good Quality Opportunities • #4 What Makes Good 1 st Board Appointment • Look Carefully At the Organisations Reputation • Study the Way the Current Board Operates • Understand Profiles of the Chair and Directors • Can You Add Value? Do You Have Time? • What Experience Will You Gain? • In 12 Months Time – Will This Help You Secure 2 nd Role?

NFP, Sports, Arts & Community Boards Non-Paid, Expenses Only, Volunteer • #5 Don’t Under -Estimate Importance of Earning Your Stripes Building Experience • Boards in this Sector can be Dysfunctional • Choose Carefully! • Avoid Fringe Causes & Politically Sensitive Appointments • Make Sure Time Commitment is Clear • Look for Quality Board and Organisation

Early Stage Companies Fast-Track Your Board Experience • #6 Look For Ways to Fast-Track Experience • Understand the Risks – Many Start-Ups Fail • Pick Businesses That You Understand • Check Out the Team Closely – Can they Execute their Business Plan • Are They Raising Capital – Who is Their Partner? • What is the Likely Outcome over 12 Months? • Limit Your Investments, Understand the Paradigm.

Invest in Your Board Career Brand Development & Education Options • #7 Be Prepared to Invest in Your Board Career – It Won’t Fall Into Your Lap! • Reputation is Rarely Enough • Get Trained – AICD Company Director Course • Identify Board Director Mentors • Learn from Your Peers • Invest in Quality Board Resume & Other Branding Materials • Undertake Interview Preparation!

Foundations of Due Diligence How to Conduct Due Diligence • #8 Really Learn How to Conduct Due Diligence • Treat Board Appointments Like a Marriage • Foundations are formed during your early meetings with the Board • Don’t join a Board without meeting all the Directors • Ask to Read 12 months of Board Minutes • Ask to attend 1 x Board Meeting as an Observer • Ask to receive company financials after receiving offer to join.

Key Information Required Assessing Good Quality Opportunities • #9 Don’t Go It Alone, Seek Help & Advice • Make sure you understand Financials and Accounting treatment • Don’t be embarrassed to ask questions. • Download D&B reports on the company. • Check for Financial Delinquency, Check for Tax Liability, Assess Shareholders Register • Review any Legal matters on foot.

Specific Letter and Offer Conditions The Minimum Requirements • Letter of Offer, should outline D&O arrangements. • Term, Time Commitment, review Company Constitution. • Governance Policy, General Access to Documents for 7 years. • Indemnity, Insurance, Access to Financials. • Confidentiality Limits (Term) • Always run past a commercial lawyer.

Assessing Board Opportunities Be Street-Wise! • #10 Don’t get Romantic about Board offers. Park ego at the door. • Never take at face-value everything you hear in the recruitment process. • Cross check records with what you have been told – be aware of Directors who want to exit troubled company. • If you are clearly under-qualified – question why you have been approached.

My Top Tips Portfolio Careers, Navigate the Pitfalls • Get Networked, Study Boards of Directors, Look Carefully at Successful Director Profiles. • Start Early, Look for Low Risk Appointments, Good Learning Experiences. • Get Educated and Invest in Your Development.

Contact Details Kylie Hammond Chief Executive Director Institute Level 8, 99 Elizabeth Street Sydney NSW 2000 Australia Phone +61 2 9967 2121 Email kylie@directorinstitute.com.au Web www.directorinstitute.com.au