Page 3 - CEnet Governance Roadmap

1. Executive summary
In 2019, the CEnet board commissioned an independent review of CEnet’s governance arrangements seeking recommendations on any issues, risks and opportunities for improvement. The review was overseen by a Steering Taskforce comprising eight member representatives, one director and an independent chairperson.
Effective Governance (‘EG’), under the direction of Emeritus Professor Geoff Kiel, were appointed to conduct the review. The review was extensive in its consultation with CEnet’s members, receiving significant input from all stakeholders in ensuring a broad range of issues and perspectives were considered.
The Governance Review Final Report (the ‘Review Report’) was delivered to the board in February 2020. The Review Report outlined sixteen recommendations including changes to the board size and composition, consideration of member reserve powers, a restructure of governance sub-committees and other matters including a review of the Memorandum of Understanding. The Review Report recognises that certain recommendations will require a change to CEnet’s constitution.
Following acceptance of the Review Report, the board has engaged Effective Governance to assist in the development of a Governance Review Implementation Plan (herein referred to as the ‘Governance Roadmap’). This document provides a high level outline of the framework, process for implementation and sequencing of activities to be conducted throughout the implementation phase.
The Governance Roadmap is centred around a number of specific and clear ‘Implementation Objectives’. These are stated as follows:
A.
Board related objectives:
1. Transition the existing board structure to a hybrid representative / skills-based board with an independent chair.
2. Conduct a review of board operations including its Charter and meeting structures.
3. Review the existing board committee structure and consider whether changes are required to reflect established good governance practice.
4. Establish the criteria upon which to assess the success of changes made to the governance model following a specified period of time in operation.
Member related objectives:
5. In consultation with the members, conduct a review of member reserved powers outlined in the constitution making amendments as required.
6. Consider the need to have different people holding the position of member representative and company director.
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B.
Governance Roadmap
Governance Roadmap
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