Peakstone Global

From my colleague Simon Rumore FAICD of our Australian Partner firm, Peakstone Global, here are some great insights on non-executive director appointments. I’d even suggest a 6th ‘C’, Courage - - Courage, to ask the ‘dumb’ question, or the question that everyone knows should be asked but is too afraid to raise; - Courage, to make the tough decision, when we know it’s right, even though it may be (and may make us) unpopular; - Courage, to stand by our colleagues, even when we may have disagreed in the boardroom; and - Courage, to accept that sometimes we get it wrong, and not to hide from reality.

This week Scion welcomed Tony Allison and Murray Sherwin CNZM to the Board. They joined existing Board members and newly appointed Board Chair Richard Westlake for their first official meeting together in Rotorua on 25 July. These appointments strengthen the governance and strategic direction of Scion, bringing extensive experience and a wealth of business knowledge to the organisation. Find out more about the new members and their decorated careers: https://lnkd.in/g37dSkTV

Last week I started a series exploring what I believe are the 5Cs of Director recruitment. While Capability is always referenced, I said I believed Commitment was the most important consideration when taking on a new Director to your Board. Any ideas for what I think the third C is? I'd love to hear your ideas in the comments below, and hope you take the time to pop over to the Peakstone Global website for a quick read. #DirectorRecruitment #Boards #Governance

At Peakstone Global we don’t offer Board recruitment because we always want to avoid potential conflicts of interest when delivering our many services, especially director skills and behavioural assessments. You can read more about those here: https://lnkd.in/ei3VFV9Q That doesn’t stop people from asking us for advice on the types of people and skills that are needed as non-executive Directors. I’ve done some thinking on this and believe there are 5 Cs in appointing the right individual to a Board. No prizes if you guessed Capability was the first C. While capability is of critical importance, what do you think the other four are? I’d love to hear your thoughts in the comments below. And of course I’ll be posting about the other four Cs over the next few weeks. Stay tuned.

Thanks to my Board colleagues of (fictional) Australian listed telecommunications company, TELPLUS at Australian Institute of Company Directors’ Biggest Boardroom Lunch in Brisbane yesterday. Some important conversations had on sustainability and the intersectionality of environmental, social, governance and financial factors. Congratulations to the Australian Institute of Company Directors on another wonderful event, and thanks for including me as part of the Board. A special thank you to Trent Bartlett FAICD IDP-C GCB.D, the genius and architect of the board simulation. Peakstone Global #ESG #AI #industrialrelations #finanacialsustainability Image description: The Board of (fictional) TELPLUS on stage at the AICD’s Biggest Boardroom Lunch in Brisbane on Wednesday 19 June 2024.

This week I got my Board papers ahead of my upcoming meeting for the (fictional) Australian telecommunications company TELPLUS (TLP). Looking forward to the Australian Institute of Company Directors’ Brisbane’s Biggest Boardroom Lunch, where will discuss #ESG, #Risk, #AI, #IndustrialRelations and more in close-to-real-life scenarios: https://bit.ly/4dqQ1xG I hope to see you there. Peakstone Global #Boards #BehindTheBoard #BoardLunch #Brisbane

I’m excited to be joining a new board (for a day!) I can’t say too much about it yet, but if you want to know more please head to this link - https://bit.ly/4dqQ1xG Australian Institute of Company Directors Peakstone Global #Boards #BehindTheBoard #BoardLunch #Risk #Brisbane