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CGF ARTICLES, OPINIONS & EDITORIALS

Unleashing managers experience for the boardroom (2014-06-03)

Advertorial by CGF Research

As is the case with group association; people most often want to be associated with ‘success’ and they align themselves with various elements they believe will expedite the process to unlocking the formulae for their personal accomplishment.

No matter how one ponders this internal desire, most people will admit that they may have -- albeit rather reluctantly -- at one stage or another secretively wished for their rapid success, or instant fame and fortune.  If the truth be told, not much in life is obtained for free, nor does it come that easy either.  ‘Success’ is mostly underpinned with hard work, talent, attitude and experience.  Moreover, these components must be ‘incubated’ with strategic ability and an alignment with the necessary conditions that will achieve these objectives.

In the context of a person’s business career, one generally finds only a handful of people who may claim that they have ‘truly made it to the top’.  As deserving as this may seem, a person does need to question whether more people could not also have been recognised and rewarded with similar opportunities had they been given the chance.

Seizing the opportunity

Through CGF’s Governance Beyond Boards® Interventions, senior managers in business (and government) are of particular importance within these training Interventions.  Their experience and skills are most often overlooked within their own organisations and in many instances, they seldom achieve their fullest potential, neither do they reach their ultimate aspirations for business success.  Sadly their careers become stagnated; but worse, their true worth in respect of their talent and knowledge is often wasted and not leveraged in the business world at large.

The Governance Beyond Boards® Interventions specifically ‘locks’ into senior management to unleash their experience, such that it benefits both the individual and the organisation who is interested to leverage this experience.  One of the objectives of the Interventions is to show senior managers their untapped potential, as well as being able to serve as a Non-Executive Director (NED) on another, non-competitive company’s board of directors and where there is no conflict.  In the ordinary course of events, senior managers are rarely approached, nor encouraged by their HR department to serve in these external NED positions for other companies. The reasons for this are essentially two fold, namely that such a recognition may:

  1. create the expectation amongst senior managers for a salary increase and/or an internal promotion;
  2. ultimately cause the senior manager to resign from their existing place of employ in search of their higher and personal career aspirations.
Unearthing the talent

As the need for more experienced business leaders grows in South Africa; more specially also the need for adequately trained and experienced board members, CGF’s renowned Governance Beyond Boards® Interventions places specific emphasis upon these shortfalls. These Interventions provide deep insights to the inner functioning of a boardroom, but more importantly also alerts aspiring NEDS of the broader issues they will need to deal with as it relates to the practical side of board leadership, including various governance, risk and compliance matters.

As part of the outcome expected from the Interventions, whilst senior managers will have acquired a far better understanding of their own directors’ responsibilities, they are now also better informed to decide upon taking up a future NED position themselves.

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