2021 Elections to the IRM Board of Directors – Elected Directors
This year there are two vacancies for elected directors to the Board of IRM and the Board is now seeking nominations from amongst its membership.
The Board sets and manages the strategic direction of IRM and has responsibility for oversight of its management, which is delegated to the CEO. 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 two Elected Directors.
Elections are held in accordance with the election procedures agreed by the Board. A copy of these procedures is available here.
What's involved? Board members are company directors and being on the Board requires you to sign up to the requirements of the Director Specification. The expected time commitment includes attending 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 committee of the Board. 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.
The specific skills/experience that the Board seeks to recruit in this elections round are as follows:
To help us drive the digital dimensions of our work, we are looking for tech-savvy, commercially-minded individuals with experience of the digital transformation of products, services and processes to better serve global customers in a dynamic and rapidly changing competitive environment.
To support our international business development strategy, we are looking for commercially aware and driven individuals who can think creatively about developing the IRM’s existing opportunities in new ways, finding new routes to market for our training and qualifications, and who can demonstrate proven success in developing and building relationships.
A person specification for non executive directors of IRM is available for review 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?
If you are interested in becoming a director please download and complete the IRM nomination form. You will find a copy here: https://www.mi-nomination.com/irm
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.
Nomination forms and a current CV should be submitted by close of business on Wednesday 9th June 2021 by following the instructions on the Nominations Form. All nominations will be acknowledged.
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: firstname.lastname@example.org and we will put you in touch with the Chair of the Nominations Committee or the CEO.
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 director specification and the key skills, knowledge & experience the board has identified for its effectiveness in the current climate. Attendance at the interview will not be mandatory. The interviews will take place between 22nd June and 2nd July 2021.
Following the interviews the Nominations Committee will determine whether it wishes to make a recommendation to the Board on its “preferred” candidates for appointment. 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.
The Returning Officer will advise all candidates of the Board’s decision on preferred candidates. All candidates will have an opportunity at this stage either to continue to participate in the election process or to withdraw. They are entitled to and will be encouraged to do either. The full list of nominees will then be presented to the membership with their candidate statements.
Voting will take place between 13 September to 8 October 2021. Successful candidates will take up office immediately after the AGM on 2nd December 2021.