What a fantastic month June has been!
We kicked off the month with a private dinner with Noel Lavery (Permanent Secretary, Department for the Economy) in the beautiful KPMG offices. Our members asked Noel for clarity on next steps and what mechanisms could be put in place for making lawful decisions moving forward.
The Belfast Region City Deal, the Strategic Energy Blueprint and the North South Interconnector were all discussed, as well as key Brexit concerns surrounding tariffs and labour mobility in the Agri-Food sector.
We welcomed the opportunity to head to Cookstown for a Young Directors Forum event – ‘Age is no barrier to the boardroom’ with Brendan McGurgan (CDE Global). It was great to meet some of our members from the Mid Ulster region, but also to see so many ‘Belfast faces’ travel to Cookstown to hear from Brendan about his journey in CDE from Financial Controller to Managing Director and his ‘passionate desire to make things better’.
I was very fortunate to complete the first module ‘Role of the Director and the Board’ as part of the Certificate in Company Direction (IoD Academy NI) in The Merchant Hotel. The programme covers the key areas of governance, finance, strategy and leadership providing you with a foundation in effective directorship. I would thoroughly recommend it to those of you who wish to understand your duties and legal responsibilities as a director, or to examine the board's role in corporate governance.
Paul Uppal (UK Small Business Commissioner) joined us for lunch at Ulster University, York Street. The office of the Small Business Commissioner (SBC) was launched in December 2017 to ensure fair payment practices for Britain's 5.7 million small businesses, and support them in resolving their payment disputes with larger businesses and bring about culture change. Paul spoke to our members about what support there is available for SMEs in the UK, how to deal with late payments, unpaid invoices etc.
The IoD NI New Member Lunch is a fantastic way to ‘get to know the IoD’ and to meet fellow members from Day 1. In partnership with Pinsent Masons, we host New Member Lunches every second month to discuss member benefits, upcoming events and opportunities. Existing members are more than welcome to come as a ‘refresher’. The next New Member Lunch is 6th September in Pinsent Masons – we look forward to seeing you there!
IoD NI hosted a Productivity review round table with the Department for Business, Energy and Industrial Strategy (BEIS) at Riddel Hall with Eleanor Perfect, Senior Policy Adviser, Business Productivity Review at the Department of BEIS and Rebekah Carr, Policy Advisor at HM Treasury.
As many of you know, the UK has a longstanding productivity problem when compared with other advanced countries, and evidence suggests we have a longer productivity distribution than other countries; this includes a large percentage of lower productivity firms.
As part of the Industrial Strategy white paper published in autumn 2017, the government announced a review into productivity in the UK. This review will build on the current understanding of how firm-level interventions by the full range of public and private sector actors can support growth and improve productivity for low productivity firms. The Review forms an essential part of the government’s ambition to boost productivity through the Industrial Strategy.
This Review will build Government’s understanding of the public and private landscape for business support. It will consider how firm-level interventions, by both public and private sector, can support growth and improve productivity of firms in the UK. The consultation closes on 6th July at 11:45pm.
As well as responding to the formal consultation, why not join the conversation around the subject of productivity here.
The Chairman’s Roadshow series will kick off in the North West on 19th July, followed by Armagh on 16th August and Newry on 30th August. With guest speaker David Sterling (Head of NI Civil Service) and the Council CEOs in attendance, these events provide critical engagement for local businesses to have their voice heard. Book your place now!
Hopefully you have now received the July/August edition of our ‘new-look’ directorNI magazine. Please get in touch if you would like to know more about Member News, Featured Columns or Advertising Opportunities.
The IoD June to December 2018 Events Calendar will be included with the July/August edition of directorNI.
I hope to see you all soon and hope you enjoy a lovely summer!