Applicant Information

 

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Become a Future Director and participate on the board of a large New Zealand company for a year

Are you:

  • a high performing executive
  • keen to get exposure to board dynamics and practices
  • keen to contribute your unique skills to add value in the boardroom
  • able to bring a new and fresh perspective
  • prepared to commit to full participation as a board member for a minimum of 12 months

Future Directors aims to give talented people the opportunity to observe and participate on a company board for at least a year while giving the company exposure to this talent and the benefits a different perspective can bring.  If you are selected as a Future Director, you will:

  • attend all board meetings
  • be assigned an experienced mentor
  • participate as a board member in all aspects but will have no voting rights and will not form part of the quorum of a board meeting
  • may receive payment at a rate agreed with your host board

To be considered as a Future Director, you will most likely be:

  • someone who stands out as having achieved something significant in business to date
  • second or third tier management or business owner
  • aged between 35-50 years (this is a guide only as individual hosts may have age criteria relevant to their board mix)
  • experienced in a range of skills and sectors.

How do I apply for Future Directors?

All applicants for Future Directors are required to complete the online application form. Before you begin, ensure you have an up-to-date copy of your Governance CV available.

The application form will ask you to:

  • identify a series of criteria that define your experience, skills and industry exposure in addition to each position you have held
  • capture as much criteria as possible to enable very specific requirements from a host board to be matched
  • upload your CV ensuring that all information is complete and up to date
  • create a Future Director candidate account with a secure password 
  • agree and accept the Future Directors terms and conditions

When you have completed your application, we suggest you either save or print for your records.

How does the selection process work? 

  • Host boards complete a questionnaire which details the skills and sector experience they require.
  • The IoD works with one of several leading search firms or uses its own DirectorSearch service to refine the search and recommend a small number of potential candidates taken from the Future Directors database and their own networks. State sector nominations services are also involved in conducting searches for State Sector Boards.
  • The host board will interview shortlisted candidates and make the final selection.

What happens if I am selected? 

  • the Future Director will participate fully in all aspects of being a board member but will have no voting rights and will not form part of the quorum of a board meeting
  • the host board will provide their Future Director with a mentor to help them derive greater understanding from their experience in the boardroom including:
    - contacting the Future Director prior to each board meeting to discuss the agenda and answer questions
    - debriefing with the Future Director after every board meeting and being available to answer questions and provide process explanations as required
  • the host board will agree a payment for their Future Director at a rate to be agreed between the parties and provide a letter of appointment
  • the host board will include their Future Director in the company’s D&O liability insurance

What happens if I want to update my details, or add a new CV? 

You can login to the Future Directors website and update your details or upload an updated CV at any time.

How often can I expect to hear from you about Future Directors?

If you are shortlisted for an opportunity, you will be contacted. Each quarter we will send you an update of placements for Future Directors.

 

View Applicant Terms and Conditions