The Treasury

Global Navigation

Personal tools

Treasury
Publication

Owner's Expectations Manual

9.4 Director induction and development

9.4.1 Director induction

  • Directors are appointed to boards for the contribution they are expected to make to the board and the company. They have been selected for the governance competencies and industry-relevant skills they hold. However, it is recognised that even the most experienced new director will join without a full understanding of the company concerned and of the nature of governance in a Crown environment.
  • Ministers expect that an appropriate induction plan will be put in place by the board for all new directors, to enable them to participate fully in board affairs from the earliest possible time following appointment.
  • There are three parts to a director's induction by the board:
    • A detailed introduction to the company, including its business components, the company's business strategy and the roles of key members of the management team. This may include visits to key sites of the company's operations. Equally important is that new directors receive an early understanding of the manner in which the board's business is conducted, together with the roles and responsibilities of board committees. The chair is responsible for setting up this induction programme, with the necessary support from management, and a new director should expect a programme to be set in place within the first two months of his/her appointment.
    • The new director should expect to be provided with a director's manual, or similar document, prior to the first meeting. The manual should, in addition to the over-arching business and governance policies and values of the company, include such detail as key contacts in the organisation. New directors may also wish to acquaint themselves with (say) the last year's board papers and decision items.
    • COMU will also provide a briefing on the expectations of the Government as owner. Attendance at the COMU briefing, while strongly recommended, is not compulsory.
Page top