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# Development workshops for boards and directors
# Development workshops for boards and directors
# Evaluations on boards, directors, and CEOs.<ref>[http://www.westlakenz.com/Ourservices.html Westlake Consulting Services]</ref>
# Evaluations on boards, directors, and CEOs.<ref>[http://www.westlakenz.com/Ourservices.html Westlake Consulting Services]</ref>
==Their Findings==
Some of their findings<ref>[http://www.westlakenz.com/Resources.html]</ref><ref>[http://www.westlakenz.com/risk-management-in-the-boardroom.pdf]</ref> are enlisted below:
* 83% of the directors are of the view that they have taken the “right tone” for their organizations, but in reality there is a huge gap in the right tone perception between the directors over 64 years and under 45 years.
* As far as risk appetite of an organization is concerned, some management and boards have to put some more efforts to bridge the gap between their views.
* Some boards have to make sure that their organizations have proper Risk Management System, which must include compliance procedures, internal controls and appropriate risk culture.
* Younger directors i.e. those who are under 45 years have a major role to play as they are comparatively more critical than those over 64 years of age.
==Their Recommendations==
Their Recommendations can be summarized as '''FICKS'''<ref>[http://www.westlakenz.com/Ficks.html]</ref> (F - Future Focus, I - Issues Identification, C – Compliance, K - KPI (Key Performance Indicator) Monitoring, and S - Succession and Skills).
===F - Future Focus===
You have to make sure that your Chief Executive is the perfect one, who can take correct decisions for your organization. He must work with the management on how to develop a strategy for better performance and how to execute it. Spending 30% of the time here will help as you have to take decisions about future.
===I - Issues Identification===
Issues Identification is very much important. You have to understand the working environment, spot the trends, communicate with your stakeholders and make then understand your views and ideas. You have to spend another 30% time here.
===C - Compliance===
You have to follow the rules and regulations and monitor all your business risks, but never compromise with looking ahead. Spend 15% of your time here.
===K - KPI (Key Performance Indicator) Monitoring===
Don’t waste your board meeting by asking same budgets and numbers that you asked for in the last month. You have to spend another 15% of time here.
===S - Succession and Skills===
You also have to make sure that your board and top management have right people who can take wise decisions in future. You have to spend your remaining 10% time here.
This can be broken into three broad categories: F & I(cumulative 60%) are about how to create values, C & K(cumulative 30%) are about how to preserve values and S(remaining 10%) is about the ability to deal with in the future.
==WCL and ICANN==
==WCL and ICANN==