Christmas Cocktails @ CoCa Gallery
Members and guests enjoyed Canterbury's final event of the year at the Toi Moroki Centre of Contemporary Art (CoCa) on Thursday 1 December - an opportunity to relax and catch up with colleagues and friends while viewing the Gallery's latest exhibition Precarious Nature. CoCa's outgoing Chair Kristina Pickford and Director & Principal Curator Paula Orrell spoke about CoCa's post-earthquake challenges and opportunities.
New members lunch
Some of our newest members joined the Canterbury branch committee for an informal lunch in mid-November. Paul Bell, Managing Director of Intepeople, provided some useful tips for developing your governance career and putting together an effective governance CV.
Roads as Workplaces
The Canterbury branch was priviledged to have NZ Transport Agency's Jeff Fleury speak to us 21 November 2016. Jeff's role with the Agency is as a heavy vehicle specialist and he has a particular interest in heavy vehicle compliance and heavy vehicle road safety. Jeff had promised a 'heavy hitting' presentation and he didn't disappoint. He explained in graphic details the effects of a large truck moving at speed and coming to rest quickly, and the personal effects of that stopping motion including roll overs, damaged property and ultimately damaged goods. The lesson for directors, and especially those involved in the governance of organisations involved in heavy vehicle transport, is that the comany does not control every aspect of the driver workspace including the physical and operational environment. What was particulalry interesting in that the obvious, such as wearing a mandatory seatbelt, was still not used by every driver and this required ongoing reinforcment of the benefits of use.
Succession Planning: what are the impacts on a governance role?
Over 90 attendees gathered on Wednesday the 12th of October for breakfast and a panel discussion on succession planning. The event was graciously hosted by our sponsor Duncan Cotterill. The importance of succession planning was a recurring theme from the panel, especially given the risk of intellectual property being lost when unprepared succession is forced on a founder. With an increasing number of baby boomer company owners looking to step away from their businesses, succession is sure to become an increasingly important topic in coming years and should be on everyone’s agenda.
Successful Succession Planning for SME's
For those members that were unable to attend our October breakfast event, our panellists have provided some guidance for directors when assisting with succession planning including some key questions for owners around their preparedness for succession.
Biotech companies in New Zealand – can we reach critical mass?
During October we heard from Craig McIntosh, CEO of PharmaZen. Based in Christchurch, PharmaZen sells its products under the name of Waitaki Biosciences. Waitaki Biosciences is an innovative developer, manufacturer and marketer of science based, natural nutritional ingredients. Craig shared his views on research and development (R & D) in New Zealand and challenged our thinking around how we need to incentivise commercialisation in biotech.
Our congratulations to Helen Shorthouse, this year’s recipient of our Emerging Director Award. Branch Chairman Vincent Pooch presented Helen with her certificate during the evening.
Fellows and Distinguished Fellows Dinner
Canterbury’s Fellows and Distinguished Fellows joined the branch committee and guests for dinner following our October function.
Data Centre Due Diligence
Members of the IoD were hosted by the team of Computer Concepts Ltd on 19 September. The company has one of the largest and most advanced data centres in New Zealand operating in four locations with two further support centres. Being responsible for some of New Zealand’s largest and most risk adverse organisations, the company is naturally very focused on risk management to ensure the integrity and security of its clients’ data is maintained. Getting access to the premises and registering upon entry gave guests an immediate insight into the company's commitment to security.
Adding Value for Shareholders of a Cooperative
Jessie Chan-Dorman and her husband Hayden are dairy business owners leasing 420 hectares and milking 950 cows at Dorie, just north of Ashburton. Jessie received the IoD Aspiring Director Award in 2014. She is currently on the Federated Farmers National Dairy Executive, a director of the Ashburton Trading Society, an associate director of Dairy NZ and a member of NZ Asian leaders. Jessie’s cooperative passion came through in her presentation of her insights into the dynamics of a successful cooperative at a recent IoD presentation in Ashburton. A cooperative is best described as an organisation owned by, and democratically controlled by, and operated by those using its services.
Christchurch Rebuild Governance
A panel made up of chief executives from Ōtākaro, Regenerate Christchurch and Development Christchurch shared what their roles and responsibilities are to a packed room of local IoD members and guests on 22 August. Well thought out questions from the audience ensured an informative and interesting panel discussion. Congratulations to Keiran Horne who was presented her Chartered Membership certificate by IoD CEO Simon Arcus.
Risk Management in Timaru
IoD members and guests enjoyed a very well attended function at The Grosvenor in Timaru on 10 August. Presentations were made by Lisa Henderson from KPMG's Consulting Advisory team, and Therese Gibbens, General Manager of The Drug Detection Agency in Canterbury. Lisa addressed the issue of the link between strategy and risk, and gave the governance perspective on both negative and positive risk assessment as an essential element of board oversight of strategy. Therese gave an excellent presentation on director's obligations under the Health & Safety at Work Act 2015. She provided insight into the serious issues of impairment due to drug and alcohol use and misuse, as well as advice on services and practical solutions.
New Members’ Lunch
Forty new members joined us for an informal lunch in August. IoD course facilitator Catherine McMillan discussed the benefits of Chartered Membership and Nick Carter from Brannigans provided some useful tips on how to create your governance CV and searching for governance opportunities.
Waking the Sleeping Giant: NGO Governance in the new World
If NGOs are not government and not for profit what are they for and what can they offer the world of commerce and entrepreneurship? What are the unique challenges facing governance in the NGO world and what can NGOs teach business? NGOs are rapidly professionalising their leadership and governance and this is being reflected in increasingly valuable partnerships with business and government. On 1 August, Chris Clarke, CEO of World Vision NZ, discussed these issues and how NGO’s global reach and increasing sophistication make them increasingly attractive partners for those interested in doing good business.
Trust, Reciprocity and Effectiveness of Executives
Insead Professor Dierickx brought his decades of experience studying, lecturing on and participating as a consultant in negotiations together into a lively lecture to make us reflect on how the age old challenges as to how humans engage. We extend our thanks to HWR Group for their sponsorship which once again enabled Professor Dierickx to facilitate this Christchurch workshop.
2016 Governance Development Programme
Congratulations to this year’s Governance Development Programme attendees who recently completed their six session programme in Christchurch.
Lean Thinking with Bryan Travers
The branch was privileged to have Bryan Travers speak on Lean Thinking on 18 July. Bryan is an academic lecturing privately and at the University of Auckland Business School and his presentation titled ‘Lean Appreciation’ described the Lean Thinking philosophy. Bryan explained Lean Thinking evolved from Lean Manufacturing and Toyota in the mid 1950’s. He described the benefits of clearly focusing on value and waste minimisation that can come from having a fully engaged and workforce and focusing on the customer experience, from the customers’ perspective. He concluded his presentation explaining what these waste and value categorises might be for an organisation and challenged the audience to identify these for our own organisations. Overall Bryan’s presentation was enlightening and delivered in a way that was very engaging.
Cybersecurity with BDO
Thank you to our branch sponsors BDO for hosting our July breakfast on Cybersecurity - a sold-out event highlighting the importance of this topic to directors. Speakers James Dickinson and Andrew Sloman, along with panelists Mark Cathro and Fred Boles, introduced this dynamic area of governance and risk management, highlighting just how easy it is for cyber criminals to attack our organisations and the very real consequences. A timely reminder to check out the IoD’s Technology Governance resources, including our Cyber-Risk Practice Guide, for further info on the board’s role in digital leadership.
Health and safety workshop
Despite the new Health & Safety at Work Act going through on 4 April, Health & Safety is still high on directors' minds - and this was showcased by the turnout at the joint session held with the IoD and the Business Leader's Health and Safety Forum in Christchurch in June. The Forum's new monitoring resource for CEO's is available from their website.
Global Megatrends with Ross Buckley
At our June function, Ross Buckley from KPMG spoke to 85 members and guests about the impact Global Megatrends will have on the way we live and how they will impact on the decisions we make in our governance roles. A very thought provoking presentation.
New Members’ Lunch
Thirty-five new members joined us for an informal lunch in late May. Recently Chartered member Alex Skinner shared with us his governance journey and Sally Wynn Williams from Brannigans provided some useful tips on how to create your governance CV and searching for governance opportunities.
Cocktail function with Kaila Colbin
Kaila Colbin, New Zealand Ambassador for the Silicon Valley-based Singularity University, provided members with an overview of exponentially accelerating technologies and a startling look at the implications in a dynamically changing world. Congratulations to recently Chartered Member Nigel Pollock who was presented with his certificate.
Christchurch luncheon with Peter Bradley
Peter Bradley, Chief Executive of St John, shared his governance and executive experiences and learnings from his career spanning the UK and New Zealand, including leading St John and the London Ambulance Service, the busiest ambulance service in the world. Peter delivered an overview of St John’s current structure and the trends that are challenging it to build a strong sustainable organisation with modern governance that can have greater agility in response to its economic context, increasing scrutiny and health demographics. Peter also presented on the how the recently introduced Health and Safety legislation will impact St John, and its governance, and how they have revised their organisation’s strategy including a greater focus on culture, training, improved reporting and investment in Health and Safety.
Sponsors Breakfast with ASB
In early March Kevin McDonald, Chief Risk Officer at ASB, spoke to 65 members and guests about regulatory compliance, risk conduct and the importance of data integrity in the day-to-day management and strategic direction of your business. Nurturing the right culture of risk awareness and in turn, effective risk management is truly a journey and that road can be long with many a winding turn for the organisations we work with.
Branch AGM - Governance in a World of Complexity and Risk
Guest speaker at our Branch Annual General meeting, Raf Manji got us thinking with his reflections starting in a bank trading room in London, through to academic work, to civic roles and more latterly his present role as Christchurch City Councillor; with responsibility for Chairing the Finance Committee. Based on the IOD’s Four Pillars; Raf made the case for what he called a fifth Pillar: Risk. In this regard he traversed both the big picture of systemic failures; and the detail of specific events along with actions that he had undertaken to try and escalate awareness of a need for change.
Governance stages to achieve a successful listing
A capacity crowd were exposed to the dilemmas, pressures, agendas, risks taken and fast pace style of Metroglass's development since the mid 2000’s. The expectations and opportunities of equity partners, banks, owners and stock exchanges as the organisation launched its initial IPO in 2014 required a range of governance responses to keep the organisation on track. Attendees appreciated Nigel's energy, focus and openness in telling the Metroglass story to date.