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 – The Importance of Having an Effective Board

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Hosted by HerBusiness

On air:

16 March 2011

Click here to download this episode.
Welcome to the herBusiness program, where we interview inspiring businesswomen and entrepreneurs.

In this episode, we interview Lynn Ralph, co-founder of Cameron Ralph, a firm that assists boards to improve their performance. Lynn lectures and writes regularly on corporate governance.

 

Listen to this herBusiness interview with Lynn Ralph to learn:

  • The main elements of an effective board and what tends to go wrong
  • What reduces a board’s ability to be effective
  • Statistics for women on boards in Australia and why they’re not great
  • Why good governance is a key strategic advantage for business
  • How to become knowledgeable on the area of governance

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About the host

Suzi Dafnis

Hi there. I’m Suzi Dafnis, CEO at HerBusiness. My BIG passion is helping women business owners to grow and scale their business, so that they can create their ideal lifestyle and make a difference in the world. Every day I am inspired by the more than 30,000 amazing women (and men!) in our community and I love finding the best education, mentors, and resources from around the globe, to help them get the skills, knowledge, and support they need to succeed. It’s been my privilege to lead HerBusiness (formerly The Australian Businesswomen’s Network) for the past 23 years (two+ decades – WOW!) because, whilst I’ve enjoyed success in business, I’ve also experienced the highs and the lows – sometimes you can feel on top of the world and in control and other times you can feel isolated, exhausted and stuck. What has made the biggest difference for me has always been having great people around me and having a lifelong commitment to learning. That’s why I am so passionate about the work we do here at HerBusiness – providing a Connection Network for women in business to get the mentors, contacts, referrals, knowledge, and skills they need to grow their confidence, make more money, build their businesses, expand their network and create the lives they love. My entrepreneurial journey started in the spare room of my Sydney apartment in 1994 when my business partner and I started a boutique events company that represented speakers and authors from the USA, here in Australia. Over the years I’ve grown multiple multi-million dollar businesses in the events, publishing and education niches – with teams in Australia, New Zealand, and the USA. Not everything has worked and there has been a degree of trial and error, and a lot of bumps in the road. But I have always had a strong commitment to always surrounding myself with great mentors and like-minded peers – a Connection Network that I can depend on and who can depend on me to be there for them too. I truly do what I love, every day.  

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About the guest(s)

Lynn Ralph

Lynn Ralph

For the past 30 years, Lynn Ralph has worked in leadership roles across the public, private and not-for-profit sectors. She is a director of the Sydney Swans Limited and The Sydney Institute. She was recently appoited as chair of the health fund regulator PHIAC. Previous board positions include Chair Centennial Park and Moore Park Trust, Chair AMP Foundation, director of the AFL (NSW/ACT) Commission Pty Ltd, NRMA Limited, NRMA Insurance, Financial Industry Complaints Service and Chunky Move Ltd. In the private sector, Lynn spent 20 years in funds management with Bankers Trust Australia, CRA Limited, and McIntosh Securities and as inaugural CEO of the Investment and Financial Services Association. In the public sector, she was deputy chairman of the Australian Securities & Investments Commission from 1993-97. In the not-for-profit sector, she spent 6 years as General Manager of the Sydney Dance Company. She is co-founder of Cameron Ralph Pty Ltd, a firm which assists boards to improve their effectiveness. She has over 40 cumulative years of boardroom experience and lectures and writes on corporate governance. Lynn is a Fellow of the AICD, and a Fellow of the Financial Services Institute of Australasia.   About Cameron Ralph The Cameron Ralph team has extensive expertise in the field of governance – drawing on their real-world experience as Directors and as CEOs reporting to boards. Their methodology is flexible and takes account of the unique context in which Boards operate – allowing them to review the substance of Board effectiveness (not merely its form). They stand behind their findings, which can be used publicly to promote a Board’s transparency and enhance an organisation’s reputation with its stakeholders. Their database, comprised of responses from hundreds of company directors, provides companies with benchmark comparisons across a number of critical aspects of board operations.  

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