WORLD-FIRST APP TO REINVIGORATE BOARD MEMBERS

Written on the 16 May 2014 by Karen Rickert

WORLD-FIRST APP TO REINVIGORATE BOARD MEMBERS DIRECTORS need to get back to basics and revise the roles of the company board to better invest resources, according to business advisor Steven Bowman (pictured).

The managing director of Conscious Governance has developed a world-first app called Strategic Board Essentials, to help leaders boost efficiency.

In Brisbane last week to present a masterclass on corporate governance, Bowman spoke to Brisbane Business News about what CEOs need to consider.

“It has been developed for directors to help them before, after and during board meetings to ask the sort of questions that will actually help them and the rest of the board members really focus on what they should be - essentially strategising risk and finance,” he says.

After working with “thousands” of directors in recent years and more than 30 years acting on boards as a chair and CEO, Bowman has noticed a common theme of directors being unsure about leading a meeting.

“CEOs struggle to get across the notion that risk is not about compliance but that risk is about strategic advantage and opportunity – rather than something to be feared.

“One of the other key areas that we always find is this notion of actually being on the board, you hear all this stuff about governance.

“Whereas the actual role of the board is very different, it makes choices for the community we serve.”

The app features 29 videos on topics including vision statements, tips for reading financial reports and utilising risk, with Bowman’s favourite aspect a set of questions that should be posed for different scenarios.

 

 

“It really adds value from day one of being on the board and throughout their career, to continually keep them refreshed at looking at things from a different perspective.

“I really hope to be able to get those in senior positions asking the questions which can help create outstanding organisations where both innovation and productivity are at optimum capacity.”

Bowman says different parts of the app help directors ditch the controlling notion of their role and focus on contributing to meetings with “strategic value” instead.

He says the app has received a positive response since its launch, with a number of CEOs purchasing the app for members of the board.

Author: Karen Rickert Connect via: Twitter LinkedIn

Latest News

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

DESPITE the storms and flash floods which are continuing to wreak havoc across several Queensland cities and towns...

STARS ALIGN AS GOLD COAST ICON REBRANDS

TODAY marks a shift in the Gold Coast's constellation as the iconic Jupiters Hotel and Casino officially rebra...

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

Related News

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter