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ICMCI Board Update
The public minutes of our last Board meeting, held in April have now been posted. The link can be found on the ICMCI web site HERE. Watch for the official notice coming from your Board liaison. We were fortunate that all but two of the Directors were present in Bucharest for the EuroHub meetings, so we took the opportunity for a face-to-face meeting. Please feel free to reach out to your liaison if you have any questions.
I have also created a short 7 minute video of this update, which you can see HERE.
EuroHub a Success The EuroHub meeting was a great success. It was a pleasure to meet with colleagues from the Europe Region and to discuss a number of things. We had the opportunity to share information in a number of areas. Some highlights ...
Strategy Development In February I sent you a link to our draft strategy. We are now well under way with the consultation process. We have feedback from EuroHub. We will be seeking feedback from the Asia-Pacific and Americas Hubs.
This month CMC’s can access some interesting presentations given at EuroHub2019
The Context of Business Leadership and Governance
Global business leaders very often adopt a bull-into-a-china shop approach to leading the business that they been appointed to (or chosen to or created). Forcefulness, seat-of-the-pants decision making, belief in own capabilities, disregard for advice from others, are but a few of the traits of these leaders, who I will refer to as bulls.
We also find a sprinkling of greedy, dishonest, conniving and cheating business leaders. The gruesome stories of Enron, Lehman Brothers, Steinhoff, VBS Bank, Bosasa come to mind.
We will refer to the leaders of these business leaders as cows…
Building & Enhancing Your Organization’s ROG* (*Return on Governance)?
I – Understanding Return on Governance
Return on Governance – This is a concept I started speaking about and working with my clients on since 2005. Think about it; many organizations spend considerable resources supporting their Board from recruitment, to assessment, to staff support, meetings, travel, accommodations, food, materials production & shipping or even web portal management, and more. For a Board of 7-12 people meeting in person say 5-6 times a year, plus committee meetings and phone-call meetings, plus maybe a Board-Sr. Mgt strategic retreat… Even in the NFP sector, annual costs for your Board can easily be $250k+. For some Boards with honoraria or per diems, the costs can be double or quadruple that amount.
And so, what tangible, organizational “return” do you get from your Board?
Do you get at least $250k (or $500k or $1MM) value-add back from your Board?
Feature YOUR Knowledge/Experience in a CMC Today Article!
Calling all CMC's and leading-edge consulting practicioners!
CMC colleagues from across our 48 Member Institutes have contributed articles to CMC Today that are beneficial both to other CMC’s, as well as clients. These are collected in our Publications section of the CMC-Global website and organized to the following sections:
Academic Fellows Papers
Business Processes; Innovation: Productivity; Quality
Governance and Board of Directors
Leadership; Management; Financials
Information Technology; Organizational Effective Systems and Software
Euro Hub Meeting as Hosted by AMCOR Romania, Bucharest
Nassau, Bahamas 2019
CICMC announces early bird registration to the 7th CMC International Conference and Annual Meeting of Delegates!
The Caribbean Institute of Certified Management Consultants is glad to announce that early bird registration to the 7th CMC International Conference and Annual Meeting of Delegates, scheduled for October 15-18 is now open through the conference’s website:
The conference theme of “CREATING INDELIBLE FOOTPRINTS: Blending technology and networking to progressively expand horizons”, reflects the focus of this year’s programmes and speakers, as the emphasis will be on educating and exposing attendees to best practices in networking, consortium formation, unlocking potential earning powers and current industry lessons learned.
IMC Share Zone
Here are a number of updates from IMCs around the world…
On 18th July, Management Consulting Committee of China Enterprise Confederation sent ICMCI the application form on behalf of Beijing Jingyi Wanjia Technology Co., Ltd. After receiving the application, ICMCI formed an appraisal committee and initiated the appraisal process immediately. On 3rd September, Mr. Lim Poh Khai arrived in Beijing, and started a two-day appraisal process. He interviewed more than 20 employees of our company, and appraised all the system documents.
After the appraisal process, Mr. Lim gave a high praise to our company, and also gave us many suggestions about how to go international in the coming future. After Mr. Lim returned to Singapore, he submitted his appraisal suggestions to the whole appraisal committee. After that the appraisal committee reached an agreement, and granted our company the CMC-Firm statues officially on 4th October. On 18th October, during the ICMCI global conference, the former chairman of ICMCI Sorin Caian issued the CMC-Firm certification to Mr. Jian Di (the chairman of Beijing Jingyi Wanjia Technology Co., Ltd).
CALENDAR OF EVENTS
May 27-28, 2019
Asia Pacific Hub Meeting
Tokyo - Japan
June 30, 2019
Call for Action: IMC self-assessment tool - KPI Tool
DETAILS ANNOUNCED IN MAY.
July 31, 2019
Constantinus International Awards 2019 Submission Deadline
DETAILS ANNOUNCED IN FEBRUARY
October 15-18, 2019
ICMCI Annual Meeting of Delegates and 7th International CMC Conference
Nassau - Bahamas
2018 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: email@example.com
Click HEREto 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.
This month’s quick quiz addresses the themes of Governance and Boards of Directors.
Q1 - Which of the following elements of good governance are practiced by your Board?
a. independence of mind combined with working together with others;
b. robust debate combined with civility.
Q2 - How much money does it cost to operate your Board annually, and how do you know if your Board provides a similar amount of added value back to the organization?
This month’s Videos address the work of Governance.