1. BOARD COMPOSITIONGeneral Comments• Concept of all knowing board/CEO may no longer exist

• Use advisers where needed

• Generalists add great value in dynamic environments

• Ability to rely upon each other’s skill sets (not excessively)

Diversity on boards:• General diversity - gender, age, skills etc.

• Domain constrained thinking – consider other industries or areas of study

• Open mindset – accept not knowing all the answers – ask the right questions

• Deal with ambiguity and uncertainty – continually learn and refresh strategy often

Future proofing boards• Board members who like to explore concepts

• Strategy cycle - set, monitor, analyse and refresh

• Continually challenge company’s position in 5 or 10 years

Board should include (but not be limited to):• Strong financial person to run Audit committee

• IT and technologically adept people

• Challenging futurists

Title: Some key points from #Futureboards presentation at QUT, Brisbane, Australia on 01/09/2015

Speakers: Patrick Grier, Monica Bradley, Brett Heading, Kirstin Ferguson. Speakers’ views may not be accurately reflected in these notes.

Notes prepared in good faith by: Fahim Khondaker. Twitter: @Fahim_Khondaker

“We are assuming the

companies of the future will

have boards”

2. BOARD FUNCTION/ROLEGeneral Comments• Focus discussions on “what matters”

• Facilitate and “allow” it to be rather than “tell” it to be

• Balance between a culture of open dissent and cohesion

• Trust and support CEO and Management.

• Bring the best out of CEO and each other.

Elements of a good board:• Always doing the best for the shareholder

• Board must add value (skills and to management)

• Involved in strategy setting and way forward

• Balance between board and management

Effective directors• Emotional Intelligence – ask situation dependent questions

• Intellectual Curiosity – desire to learn

Strategy setting• No wrong or right method

• Gap between theory and practice

• Typical to see CEO owning and running with strategy

• Boards need to value add – evaluate and endorse

• Refresh strategies often – align meeting agendas to strategy

Title: Some key points from #Futureboards presentation at QUT, Brisbane, Australia on 01/09/2015

Speakers: Patrick Grier, Monica Bradley, Brett Heading, Kirstin Ferguson. Speakers’ views may not be accurately reflected in these notes.

Notes prepared in good faith by: Fahim Khondaker. Twitter: @Fahim_Khondaker

“Digital and Technology are

enablers – not strategies in

themselves”

3. ASPIRING BOARD MEMBERSGeneral Comments• Referral through sponsor’s network is typical pathway

• Opportunities in start-up space

Considerations when selecting a board to join:• Chairperson’s character, capability and effectiveness

• Financial position of the company

• Corporate Governance

• Short term needs for capital raising

• Does it make a difference to the future/make the world a better place

• Phase of business cycle and willingness to adapt

• Personal interest in the industry of the company

“Innovation is more than science and technology –

it’s about making the complex simple”

Title: Some key points from #Futureboards presentation at QUT, Brisbane, Australia on 01/09/2015

Speakers: Patrick Grier, Monica Bradley, Brett Heading, Kirstin Ferguson. Speakers’ views may not be accurately reflected in these notes.

Notes prepared in good faith by: Fahim Khondaker. Twitter: @Fahim_Khondaker