Governancescheme
MyGovernance Process
High Level Process
- ^Main Board has a schedule of meetings decided 1 year in advance
- ^Investment committee meet 11 times a year and included Level 1 M & A a Sign Off
- ^Group Executive meets quarterly
- ^Strategic review is revised annually with formal presentation to the board in June
- ^Short term forecasts are performed monthly with long term forecast present as part of the budget process
- ^Insurance Board is held quarterly
Divisional Process
- ^Divisional meetings happen monthly the day after the Polish Business Review
- ^Business reviews are conducted in Poland, Romania, Ukraine, Denmark, Norway and India monthly
- ^Project boards are held in Poland and Romania monthly
- ^Risk committee is held by monthly and ad hoc and covers all Audit, Medical, GDPR and business risk review and agreed ownership and action
- ^All others are conducted monthly except brand and talent review which is done twice a year
- I If you are to scale things you need structure and you need to make that structure as efficient as possible.
- I Within my governance model I have things that I cannot control. They are processes that are dictated as we are part of a group such as the Main Board and the Executive Management Team but the rest I can define.
- I I try to deal with my process by having two main days – one is the business review day (later you see why I have them) and the second is the divisional day.
- I My approach is to deal with all the administration and governance in one day – so lots of short sharp focused meetings to align people or to highlight where we need to align.
- I I also use these to get the group team to communicate any actions for information they may need.
- I I do it this way so I only disturb my team for 1 day a month on main governance and this gives them the time they need to do their job.
Why do I have Business Reviews
Examples:
- 1. We all need to review our performance and understand
- a. Where we are
- b. Where we are going
- c. What is important
- d. Are we aligned
- 2. Remember they are 2 ways
- a. I challenge
- b. I support
- c. I share
- d. You raise issues
- e. Ask for support
- f. Ask for help
- g. You can educate others
- h. Highlight how we can work better
- 3. Style - have fun whilst learning
- 4. Its ok to fail but you have to learn form
- 5. Feel uncomfortable if an issue but strong enough to come through
- 6. Serious message sent to provoke thought whilst trying to avoid throwing bombs of failure
- 7. Getting decisions made or process to get decisions make
- 8. Ensure pace and momentum
- 9. A record and history.
- 10. Ensure I understand and have selected slides to educate above or align stakeholders
- 11. Governance
- 12. Enable personal reflection for me
