Board and Committee Skills Matrix

Board and Committee Skills Matrix

 

Skill Requirements Overview Board Members

Number of Directors Audit &

Compliance

Remuneration
         
Total Directors   5 3 3
Professional Director Skills        
Corporate Risk & Compliance Identify material corporate risks to the organisation related to each key area of operations. Ability to monitor risk and compliance and knowledge of legal and regulatory requirements. 5 3 3
Executive Management & Remuneration Experience in evaluating performance of senior management, and oversight of strategic human capital planning. Experience in industrial relations and organisational change management programs. Experience in relation to remuneration, including incentive schemes, pensions/superannuation and the legislation and contractual framework governing remuneration. 5 3 3
Financial & Audit Experience in accounting and finance to analyse statements, assess financial viability, contribute to financial planning, oversee budgets, oversee funding arrangements. 5 3 3
Global Experience Experience in businesses with international operations, exposure to a range of political, cultural, regulatory and business environments. 5 3 3
Health, Safety and Environment Identify and understand the safety risk profile of the organisation's business operations. Understand compliance requirements with respect to creating and maintaining safety for workers, customers and tourists. Understand environmental , social responsibility and community considerations. 5 3 3
Policy Development Ability to identify key issues for the organisation and develop appropriate policy parameters within which the organisation should operate. 5 3 3
Strategy Ability to identify and critically assess strategic opportunities (M&A) and threats (competitor/market/industry) to the organisation. Develop strategies in context to our policies and business objectives. 5 3 3
Technology Knowledge of IT including privacy, data management and security. 5 3 3
Industry Specific Skills        
Fast Moving Consumer Goods (FMCG) Experience in FMCG including product development, sales & marketing, innovation and supply chain management. 5 3 3
Primary Production Experience in the production of inputs required by the organisation to support its FMCG activities. Understanding of environmental issues and challenges confronting primary producers. 5 3 3
Production and Food Manufacturing Understanding of/experience in production management, food quality and safety requirements, supply chain management 5 3 3
Interpersonal Skills        
Contribution Ability to constructively contribute to board discussions and communicate effectively with management and other directors. 5 3 3
Crisis Management Ability to constuctively manage crisies, provide leadership around solutions and contribute to communications strategy with stakeholders. 5 3 3
Ethics and Integrity Understand role as director and continue to self educate on legal responsibility, ability to maintain board confidentiallity, declare any conflicts. 5 3 3
Leadership Make decisions and take necessary actions in the best interest of the organisation, and represent the organisation favorably. Analyse issues and contribute at board level to solutions. 5 3 3
Negotiation Possess excellent negotiation skills, with the ability to drive stakeholder support for board decisions. 5 3 3
Diversity & Other Aspects        
Age Diversity Age diversity should be considered to bring different perspectives to board discussions. 5 3 3
Gender Diversity Gender diversity leads to better board outcomes. 5 3 3
Previous Board Experience The board's directors should have extensive director experience and have completed formal training in governance and risk. 5 3 3