2009 annual general meeting
DESCRIPTION
2009 Annual General Meeting. John Hearne, Chairman Erik Fenna, CEO. Agenda. 4:00 Registration. Voting on Director Positions Opens 4:15 AGM Formal Start 4:45 Voting on Director Positions Closes 4:45 Q&A Announcement of Election Results Interactive Session – Strategic Effectiveness - PowerPoint PPT PresentationTRANSCRIPT
Agenda
• 4:00 Registration. Voting on Director Positions Opens
• 4:15 AGM Formal Start
• 4:45 Voting on Director Positions Closes
• 4:45 Q&A
• Announcement of Election Results
• Interactive Session – Strategic Effectiveness
• Exploring common opportunities: LIXI and IBM IFW in Financial Services
• Networking and light refreshments
• 6:30 close
Welcome
• Today’s AGM structure
– Voting procedures for directors– LIXI financial statements– Outlook for 2010– Election Results
Voting Procedures
• Election of board members is by secret ballot – one vote per member
• Voting will close after the Financials have been presented
• Ballot counting will follow and results announced immediately thereof
Financials – Summary
• Healthy bank balance, revenue stable in spite of GFC
• Operating efficiently within budget
• Low demand for technical resources in 2009
• IP and License agreements modified
Outlook for 2010
• SBR
• NECS
• New Standards and Standardisation
• Fast-Track Processes
• High demand for technical resources
• 4th Annual LIXI Forum Sep 8th
Session Break
next up:
Interactive Session on Strategic Effectiveness
then
IBM and the strategic value of Information Framework
Presenting the LIXI Board for 2009
• Martyn Beer• Curtis Brager• John de la Torre• Simon Elwig• John Hearne• Glenn Lees• Simon Libbis• Joanne Mather• Phil Naylor• Mike Thanos
» Thank you !
Interactive Session on Strategic Effectiveness
Tony Crossley, Brand Management
John Hearne, LIXI Chairman
NFP Boards often have unique aspects…..
• Lack of clearly identified “owner” of the organisation.
• Goals are qualitative, not financially driven.
• Directors are, typically, unpaid volunteers.
• Are not constructed around skills and experience, rather around other qualifying factors.
Challenges associated with NFP Boards..
• Not traditionally thought of as operating to the same standards of commercial sector.
• Stereotype of inefficient meetings.
• A hobby - one fits it in between family and employer commitments.
• Often operating in survival mode
• Rewards not linked to performance
• Absence of agreed accountability and reporting standards
Typical failings of NFP Boards
• Volunteer nature brings passion and commitment, but also a desire to be involved in management responsibilities.
• Commitment ebbs and flows, creating underperforming well meaning volunteers.
• Important skills and experience can be inadequate for the decisions confronting the Board.
• Long Board tenures denies the benefit of fresh perspectives
• The chair often is the person with most time on their hands, or the most passionate for the cause.
Open Discussion
• Should the Board be representative or have a minimum composition of skills and experience defined?
• Should Board members have a fixed term or limit to tenure?
• Should the selection of chair have a clear criteria?
• How do members measure an effective Board?
Exploring common opportunities LIXI and IBM IFW in Financial
Services
Earl Butterworth, IBM Global Services