Page 10 - CEnet Governance Roadmap

Governance Roadmap
Governance Roadmap
OBJECTIVE 2:
Conduct a review of board operations including its Charter and meeting structures.
Priority - Tier 3
Completion date: 30 June 2021
EG Review Recommendation
REC #6: Given the findings of this review and the recently conducted AICD board review, the CEnet board review its number and length of meetings as well as its agenda to ensure that the board is appropriately fulfilling both its strategy and monitoring roles.
Matter for
Existing board
Yes
Consideration required for the remaining meeting schedule in 2020.
Members
No
New board
Yes
New board to establish its Charter and meeting schedule, conduct and agendas.
Constitution
No
Background
The survey responses included in the Review Report noted that directors were very happy with board meeting processes. However, comments indicated changes to the format of meetings (video conference vs. face to face) requires ongoing reflection by directors.
It was further noted that established board meeting structures reflect a highly sophisticated culture. However, the technical nature of some of the issues was acknowledged and it can be sometimes difficult for directors to follow.
In summary, meeting processes facilitate good governance practice. Ongoing attention is required to ensure the number, length and format of board meetings are appropriate considering the complexity of the issues being considered.
The obligation for meeting this objective will largely fall on the new board. The existing board are encouraged to review their work plan for the remainder of 2020.
Key actions required
2.1 Review remaining board program for 2020.
2.2 Establish board Charter and meeting framework.
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