Essential Skills and Knowledge
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Building competence
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What does competence look like for a Director?
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"Assessment of SIF competence in post will be based around evidence to support the following areas:
Knowledge: Does the individual have and use the generic knowledge of the sector and the specific knowledge of the firm necessary to fulfil the role?
Skills: Does the individual demonstrate the business and interpersonal skills required to fulfil the role and to meet the required standards?
Behaviour: Does the individual demonstrate the attitudes and standards of ethical behaviour required to fulfil their role?
Expertise: Does the individual achieve positive and fair outcomes and meet the performance standards expected for the post?"
Quotation from Hector Sants, Chief Executive, Financial Services Authority, 7th May 2009
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Essential Skills and Knowledge
An effective Board with appropriate structure and governance served by qualified individuals and high quality directors requires essential skills and knowledge.
Regulatory eyes have never been more keen on observing and censuring Boards for failings and shortcomings so ensure your Board is at the top of its game now.
“Two years ago I said that we would take action against senior management of firms in the interests of ensuring proper attention to governance and controls and holding individuals to account for their own action and inaction. The recent significant fines on senior directors of Northern Rock are examples of this,” Margaret Cole, FSA Enforcement Director, June 2010.
We often encounter cases where individuals who excel in their area of expertise are promoted to the board with little support to top up those areas of knowledge or skills that they now need in order to contribute effectively. People are often reluctant to ask for help and may continue throughout their career with only a superficial understanding of some key business competencies.
The major management schools of the world run extensive and excellent programmes to provide the whole breadth and depth of business education, but often the missing pieces of the puzzle are very specific and a tailored approach for the individual or a small group is more efficient.
CTP Global provides the following individual and Board training and coaching sessions timed to suit you at a venue of your choice:
Masterclasses
Risk
Independent Directors
Other Board Skills
We also provide bespoke courses and coaching as required by individual client needs. Contact CTP Global now to discuss your requirements in confidence...
CTP Global – Good Governance: Great Performance
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