Nomination, selection and appointment process for board members
In the aftermath of the recent spate of global corporate failures largely attributable to poor Corporate Governance, and prompted by the consequent growth in shareholder activism, promulgation of legislation and publication of Codes of Corporate Governance Practice, publicly listed organizations in particular (but not exclusively) are investing significant amounts of time, energy and resources to ensure their compliance with the many principles and guidelines associated with “good governance”. Within this context, a key aspect of Corporate Governance that has come under scrutiny and, as a result, is receiving significant attention, is that of Board of Director Effectiveness. In light of these developments, and based upon an overwhelming expression of concern from our client base as well as the broader market regarding compliance with this aspect of Corporate Governance, Deloitte & Touche Human Capital Corporation, in conjunction with Deloitte & Touche Legal and Deloitte & Touche Enterprise Risk Services have developed FOREFRONT™, a suite of Executive Human Capital solutions that collectively and seamlessly address the myriad issues pertaining to and impacting upon Board of Director Effectiveness, for example, appointment, succession, performance management, development and remuneration. FOREFRONT™ therefore enables Deloitte &Touche to provide its clients with the opportunity to ensure compliance with Corporate Governance criteria one the one hand and alignment with global best-practice Executive Human Capital solutions on the other. The focus of this presentation is on one of the four core components of FOREFRONT™, namely, Director appointment to the Board. Attention will be devoted to describing both the recommended and legislated Corporate Governance principles and guidelines relating to Director appointment, and how FOREFRONT™ ensures not only a robust compliance with these principles and guidelines but also an alignment with the associated global best-practice Executive Human Capital solutions.
Speaker
David Conradie
Practice Leader Change and Development Consulting
Deloitte and Touche Human Capital Corporation
David is currently employed as Practice Leader: Change and Development Consulting at Deloitte and Touche Human Capital Corporation South Africa. Prior to this, he held the position of Practice Leader: Integrated Assessment Solutions. Before joining Deloitte and Touche Human Capital Corporation he worked in the financial services industry for 12 years, initially as an intern psychologist and thereafter in a number of roles ranging from Group Psychologist to Human Resources Director.
David’s areas of specialisation include Executive Succession Management, Executive Assessment and Development, Corporate Governance and Executive Performance Management. He has presented and co-presented papers on these topics at both national and international conferences. David holds a Masters degree (cum laude) in Organisational Psychology and is a certified psychologist with the South African Health Professions Council.
