Better Companies, Better Societies
Setting up Sustainable Director Training Organizations Southeast Europe Regional Capacity Building Workshop Participants Opinions
18 – 19 February, 2009 Hotel Zira Belgrade, Serbia
The Boards in Your Country are:
1. Necessary “evil” 2. Legal requirement 3. Competitive advantage
57%
26% 17%
vi ...
re m ...
“e
lr eq ui
sa r
Le
N
C
om pe
es
ec
ga
tit iv
y
e
ad
...
2
Why train directors?
1. 2. 3. 4. 5. 6. 7. 8. 9. Impact on corporate performance Investor confidence 48% Shareholder and stakeholder activism Regulatory and/or legal requirements Reputation of the corporation Changing business environment Fighting corruption Media coverage Public pressure
24%
16%
8% 4% 0% 0% 0% 0%
n co In ve rp st ... or Sh co ar nf eh i.. ol . de Re ra gu n. la .. to ry Re an pu d. ta .. tio Ch n an of gi ... ng bu Fi gh si n. tin .. g M co ed rr ia u. .. co ve Pu ra bl ge ic pr es su r.. .
Im
pa ct o
3
Countering Resistance to Director Training
1. 2. 3. 4. 5. 6. 7. 8. 9. Lack of time and money Directors are experienced enough Irrelevance No perceived awards Others are not doing it No perceived support Lack of awareness of the value Autocratic board culture Fear of training
25%
18%
14%
14%
11%
7%
7%
4%
0%
tim Di e re a. ct .. or s ar e Irr ... el No ev an pe ce rc ei ve O th d er a. s .. ar No e no pe t .. rc . ei La ve ck d of s. .. aw Au ar en to cr ... at ic Fe bo ar a. .. of tra in i.. .
La ck
of
4
Type of organization in your country that train directors (most reputable)
1. 2. 3. 4. 5. 6. 7. 8. Chamber of Commerce University Professional associations International Organizations Stock Exchange Directors Institute Consulting Companies Educational Organizations
4%
23% 19% 15% 12%
23%
4%
0%
fC om ... Un iv Pr er of si es ty si on In al te a. rn .. at io St na oc l. k .. Ex ch Di an re ge ct or Co s ns In st ul ... tin g Ed C om uc at ... io na lO r.. .
Ch am
be ro
5
Personal funding
1. 2. 3. 4. 5. ≤ 100 EUR ≤ 200 EUR ≤ 500 EUR ≤ 1000 EUR more
6
Membership fee (individual)
1. 2. 3. 4. 5. ≤ 50 EUR ≤ 150 EUR ≤ 250 EUR ≤ 500 EUR more
7
Membership fee (corporate)
1. 2. 3. 4. 5. 6. ≤ 250 EUR ≤ 500 EUR ≤ 1000 EUR ≤ 2000 EUR ≤ 5000 EUR more
8
Membership potential
1. 2. 3. 4. 5. 6. ≤ 50 ≤ 100 ≤ 200 ≤ 300 ≤ 500 more
9
Types of memberships
1. Individual 2. Corporate 3. Both
91%
9% 0%
al ra te id u or po di v B ot h
In
C
10
Types of services that generate revenues
1. 2. 3. 4. 5. 6. 7. 8. Education (Annual Events, Seminars…) Coaching and mentoring Consulting Publishing Certification Board Evaluation Director registration and search service Networking
53%
24%
12% 6% 0%
g hi ng n ... ...
6% 0% 0%
Co ac hi
Ed u
Bo ar d
Di at re i.. ct . or re gi s. Ne .. tw or ki ng
tin
lis
Co n
Pu b
ca tio
Ce rt if
ng
Ev al u
an d
n
ic at io
nn
m
(A
su l
11
Target audience
1. 2. 3. 4. 5. 6. 7. 8. 9. Non Executive Directors Executive Directors Chairmans Ex-Directors Corporate Secretaries Legal Counsels Researchers Professors Journalists
60%
33%
7% 0% 0% 0% 0% 0% 0%
Ex ec ut Ex iv ec e ut ... iv e Di re ... Ch ai rm an Ex s -D Co ire rp ct or or at s e Se Le cr ga ... lC ou ns Re el s se ar ch er Pr s of es so Jo rs ur na lis ts
No n
12
Target audience
1. 2. 3. 4. 5. 6. 7. Chairmans Ex-Directors Corporate Secretaries Legal Counsels Researchers Professors Journalists
50%
19% 13% 13% 6% 0%
an s
0%
C
or po
ra te
ir e ct Se or s cr Le et ga a l C ries ou ns R el es s ea rc he Pr rs of es Jo so r s ur na lis ts
ha C
irm Ex
-D
13
Target audience
1. 2. 3. 4. 5. Corporate Secretaries Legal Counsels Researchers Professors Journalists
43%
21% 14%
21%
0%
cr et ar ie rc he r ns e so lis ts ur na Jo s s Pr of es ea rs ls R es
Se
ra te
C
or po
Le
ga
lC ou
14
Eligibility Criteria
1. 2. 3. 4. 5. 6. 7. 8. I Active director Ex directors Aspiring directors Executive directors Relevant professionals Legal counsels Comittment to CG Prominent individuals
8% 8% 38%
23%
8%
8%
8%
0%
0%
... re ct or rin s g Ex di re ec c. ut .. iv e Re di le re va ... nt pr Le of ga e. .. lc ou Co ns m itt el s m en Pr om tt o in ... en ti nd i.. . As pi di
di
Ac t iv e
Ex
re ct o
I
15
Certification 1
1. Yes 2. No
64%
36%
s
Ye
N
o
16
Certification 2
1. Competence 2. Indepenedence
90%
10%
ce
te n
om pe
In
de p
C
en
ed en
ce
17
Certification 3
1. Yes 2. No 3. We do not know
50% 36%
14%
s
o
W
e
do
no tk
no w
Ye
N
18
Did we meet your expectations?
1. 2. 3. 4. Exceeded Met Partly met Not met
53% 40%
7% 0%
ed ed M rt ly m ot N m et et et Pa
Ex
ce
19