Owing to a board vacancy which has arisen since a nominations process took place in May/June of this year, IRM is still seeking nominations to the Board of Directors from amongst its members.
The Board sets and manages the strategic direction of IRM and has overall responsibility for the management of its finances. There are two ways of being appointed as an IRM Director - elected directors are elected by the members of IRM, technical directors are nominated by the Board, and appointed by the members at the Annual General Meeting. This call for nominations is for one Elected Director.
Elections are held in accordance with the election procedures agreed by the Board. A copy of these procedures is available here.
Board members are company directors and being on the Board requires you to sign up to the requirements of the Person Specification. The minimum time commitment includes attending up to six Board meetings a year, a strategic planning day and at least two of IRM’s one-day events.
Board directors play a leading role in the long term development of the Institute. Depending upon your skills and experience you may also be invited to join a specific Board committee. This may require additional time to attend meetings/events or to help review or prepare project documents. More details of the role and responsibility of IRM directors are set out in our Board Charter.
Directors are usually appointed for an initial term of three years after any AGM.
What skills are required?
The Institute believes that it is essential to have a balanced and diverse Board, aligned to the different communities represented by the membership and to reflect our desire to be a truly global body. Gender balance, geographic, cultural and other forms of diversity are also key considerations.
All candidates must be able to demonstrate:
- An understanding of and commitment to what IRM stands for - i.e. an educational and learning based membership organisation that supports practising risk professionals and risk management across the globe.
- A willingness and capacity to work as a part of a team, at a strategic level. This may include business planning, policy development, financial planning, commercial and product development.
Applicants with specific skills, knowledge and experience in retail, supply chain and ethics are particularly welcome.
For details of the role of a Non Executive Director at the IRM, click here.
What's in it for me?
Board membership provides unique opportunities to polish strategic and leadership skills which may not be available to you within your own organisation. Board members also benefit from personal development experiences and training organised to enhance the effectiveness of the Board.
In some cases, directors have gone on to contribute at a more strategic level in their employing organisations.
Reasonable expenses in the delivery of Board duties will be covered, but the post is un-remunerated.
How Do I Apply?
Please submit a nomination form and a current CV by close of business on 20th September 2019 using the online application here.
To stand for election you must be a Voting Member as defined in the Articles and your nomination must be supported by two Voting Members. Please refer to election procedures if in doubt.
Candidates must ensure that they have the necessary permission and commitment from their employer before they submit their nomination form.
All nominations are welcome. If you are interested, but would like to speak to someone about what’s involved before submitting your nomination then please contact us and we will put you in touch with the Chair of our Nominations Committee.
What happens next?
The Nominations Committee will review all of the nominations received, and nominees may be invited to attend an interview, either in person or via teleconference. The purpose of the interview is to ensure that the nature of the role and IRM’s expectations are understood by the nominee. The skills and experience of each nominee will also be assessed against the agreed person specification. Attendance at the interview will not be mandatory. The interviews will take place between 25th September and 8th October.
Following the interviews the Nominations Committee will determine whether it wishes to make a recommendation to the Board on its “preferred” candidates. The Board will be advised of the entire slate of candidates together with any recommendation from the Nominations Committee. It will determine whether it wishes to make a recommendation to the membership on the most suitable candidates who best meet the agreed specification.
All candidates will be advised in writing by the Returning Officer if the Board has a preferred candidate(s), and notified that, whether or not they are a preferred candidate, they are still entitled and encouraged to stand for election. The full list of nominees will then be presented to the membership with their candidate statements.
Voting will take place between 14th October and 11th November 2019. Successful candidates will take up office immediately after the AGM in December 2019.