Building a trusted community of professional colleagues around the world
April
2017
 
     
 
 
ICMCI Board Update
 
   
     
 

The Governance Journey
© ICMCI & Sorin Cain, CMC   

When we discuss governance, it seems it is the component of the social and economic life where innovation, the driver of the day, is least present. But it is not fully correct and I am just contemplating the developments around ICMCI in the last years.

     
CMC Toolkit
 
 
 
     
 

Transitioning Your SME Business to Next Generation

CMC-Global is pleased to launch this month one of the new features of our Academic Fellows initiative – the creation of a “library” or reference documents, white papers and other resources on our website. 
Transition Readiness in the SME Sector. Author is Mike Thompson FCMC, CMC-AF, and Assoc. Professor, Faculty of Management, Royal Roads University, Victoria, B.C. Canada.
Summary Article
Full White Paper

Nordic Corporate Governance

A new book by one of our Academic Fellows, Flemming Poulfelt, and his colleagues. The authors describe their research into how corporate governance actually takes place, in practice, in large Nordic companies. 

Asset Management for Directors

A new book by one of our CMC candidates in Australia, Dr. Monique Beedles.

Asset Management for Directors aims to provide a clear framework for directors to address their asset management obligations.

 
     
FEATURE ARTICLE
 
 

Governance Trends & Issues Around the World

© 2017 CMC Today Featuring Lyn McDonell, CMC (Canada), Tim Millar, FCMC (Australia) & Doug Macnamara, CMC (CMC Today Editor) 

This month, CMC Today went out to two of our leading CMC practitioners in the realm of Governance Consulting. (We did try to find a third CMC colleague in Asia, to engage their perspectives on the various trends, challenges and issues they see their clients wrestling with in 2017.) In the end the following came out of dialogue between Lyn, Tim and Doug.

Bringing Theory to Board Governance


© 2017 CMC Today and Dr. Blaize Horner Reich, Academic Fellow, Professor, Beedie School of Business, Simon Fraser University, Canada 

Many directors have disciplinary hats on during Board discussions; being accountants, lawyers, or former CEOs. As a professor who is both a consultant and a board director, I sometimes find myself trying to contribute at the Board table without being a specialist in the domain of governance. 
    
My suggestion to CMCs who consult to boards or executive teams, is to consider using various theories and models beyond governance theories and models, to add depth and context to decision making situations. 

 

Dictator or Facilitator? Tips for Board Chair Excellence 


© 2017 ICMCI & Doug Macnamara, CMC

The Board Chair has several specific and unique responsibilities, no matter what “model” of governance you follow:
• Official Spokesperson of the Board/organization
• Board Meeting Agenda setting and time management
• Ensuring Board has clear, timely, accurate information
• Ensuring constructive relationships amongst Board members
• Discipline of Board members (in absence of a defined mechanism)
• Chair of member/shareholder AGM & special meetings

However, just like any regular Board member; the Board Chair has no authority as an individual unless conveyed upon him/her by the other Board members. This makes the role of Board Chair a ‘balancing act’, and one that can make or break the Board as an effective governing body. So, how do you see yourself as a Board Chair? Are you there to advance your own agenda/priorities/insights; or are you there to facilitate engagement, dialogue and consensus amongst Board & senior staff… or some point in between? 

 
Caught in the Action!
 
   
 

Dear Members,
This month, we are including photos from the ICMCI Board Face-to-Face meeting that took place in March 2017.

The meeting was hosted with much thanks by our Austrian members, WKO.

Summary of board meeting minutes is available HERE.

     
Astana Kazakhstan 2017
 
   
     
 

Join Us

September 4-7, 2017!

The 5th Annual International CMC Conference and ICMCI Annual Meeting website is now live and building out the information as fast as possible.

The Registration system is now operational and interested delegates and CMC Conference attendees can now start to sign-up!

Visit the event website HERE

 

 
     
 
 
IMC Share Zone
 
 

1. IMC USA Annual Consulting Conference; Atlanta, Georgia; October 20-22, 2017.

The Institute of Management Consultants USA (IMC USA) announces that its 2017 annual international consulting conference, “Add Value for Clients to Build Your Practice”, takes place on October 20-22, 2017, at the JW Marriott Atlanta Buckhead Hotel in Atlanta, Georgia. 

2. IMC-Nigeria: Towards Expanding The Development Of Management Consulting Profession In March 2017, the Institute of Managements Consultants, Nigeria (IMC-Nigeria) successfully conducted the Second Session of its 2017 scheduled IMC Roundtable Seminars.

3. IMC-Korea – April 2017 Newsletter 

4. Preparing for Int’l Consulting Day – June 1, 2017 .

5. Feedback Requested: Int’l CMC Promo Campaign Initiative.

6. CSE Success Story in Austria.

ICMCI Committee Reports
     
 

Marketing & Advocacy Committee (MAC) – April 2017 Update 

 
 

Our committee is currently working on several initiatives, each of which is part of our MAC 2020 Strategic Plan and the 2017-18 Strategic Plan of the Board. These include:

1. CMC Today Newsletter & 5th Annual CMC International Conference
 

2. Worldwide CMC Identity Campaign
 

3. CMC-Global Social Media – LinkedIn and Facebook and other.
 

4. CMC-Global Website & CMC Designation/Service Marketing Materials.  

 
     
CALENDAR OF EVENTS

 
 
May
May 5 - 6, 2017
Asia-Pacific Hub Meeting: Application of Innovation & Productivity Technologies
WHERE:
Singapore - Hotel Jen Tanglin 

 
June
June 6, 2017 
GTA Chapter: Governance Special Interest Group- M&A and Special Situations
WHERE:
Toronto, The Strathcona Hote For Event Info 

 
July
July 6-7, 2017 
Euro Hub Meeting
WHERE:
Dublin, Ireland - Clayton Hotel, Burlington Road, Upper Leeson Street, Dublin 4, D04 A318 

 
September
September 4 - 7, 2017
ICMCI Annual Meeting of Delegates and International CMC Conference
WHERE:
Astana, Kazakhstan - Radisson Hotel Astana 

 
September
September 20 - 22, 2017
CICMC 2017 Conference (Caribbean Institute)
WHERE:
The Renaissance Hotel, Curacao

 
October
October 20 - 22, 2017
IMC USA Annual Consulting Conference            Add Value for Clients to Build Your Practice
WHERE:
JW Marriott Atlanta Buckhead Hotel; Atlanta, Georgia

Feature YOUR Knowledge/Experience in a CMC Today Article!

Calling all CMC's and leading-edge consulting practicioners!

Will you take up the challenge?

2017 CMC Today Publishing Schedule & Themes

Please submit articles, photos, business exchange requests, etc., addressing the theme of each issue, by the 10th day of the first of the two Publishing Months to: cmctoday@cmc-global.org

Click HERE to get a copy of the CMC Today Article Criteria. Failure to submit your article according to these criteria may cause your article to be rejected.


 
 
Quick Quiz
 

This month’s Quick Quiz addresses elements from the feature articles.

Q1 – What is the #1 focus in governance for the Board you sit on/work with?

a) Determining/Delivering measurable outcomes with performance oversight of Mgt.
b) Showing clear impact in the community/society for the resources invested.
c) Keeping up with technologies – when to disengage from old tech practices/stds and when to shift/update to new tech impact and expectations?
d) Increased expectations for transparency means Board members are increasingly having their decisions scrutinized and second-guessed by public or interest groups. Are the decisions “fair”? Were the processes fair or appropriate?
e) How do we provide value for fees, or should we be moving into social enterprise?
f) “Unlocking Value” – how do we take our assets and what do we do with them to truly unlock additional or new “value”? 

 

 

 

 
     
     
     
Video Blog
     
 

Some videos on Governance as reference for IMC Boards as well as for those providing governance consulting:.

OECD Principles of Corporate Governance
A short video to explain how the OECD Principles of Corporate Governance are structured.

Building Better Boards 
CEO Talk Radio interview of Dr. David Nadler, author of Building Better Boards.

The Policy Governance Model
Interview with author John Carver.

 
© 2014 International Council of Management Consulting Institutes. All Rights Reserved.
  • Academic Fellows Press Release 2017

    September 22, 2017

    Date: September 2017 Press Release International Recognition for Academics Cooperating with the National Institutes Seven Academics has been initiated as an Academic Fellows of the International Council of Management Institutes. This award is made in recognition of...

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