Celebrating Learning in 2021
The Institute of Directors is the only Institute in the world to offer qualifications for directors under Royal Charter. The Chartered Director qualification is an experience-based assessment. that requires evidence of how you work within the context of your board, how you use your knowledge and skills to the benefit of the organisation and how you discharge your duties as a director. There are currently some 2000 such qualified directors in the UK and abroad (around 5% of those in the South West), and the Institute has seen a significant uptake in people signing up since the courses have been forced to move online since March 2020. One theory for this, evidenced by the recent review by the Scale Up Institute, is that access to talent remains a key barrier to enabling growth along with key senior leadership development opportunities, possibly due to the pandemic. It states that access to leadership talent is on a par with access to finance as a barrier to future growth.
IoD South West regional director Robert Lloyd Griffiths says:
“There is an increasingly recognised need for director level and senior leadership development We have seen in 2020 how organisations who could quickly find an edge in areas like digital technology and skills development probably put themselves on a surer footing and the drive to keep innovating needs to be led from the top.”
Ensuring there’s a strong and broad skillset at the executive and non-executive level is critical. Recruitment is one side of the coin, but it’s just as important to invest in continuous professional development. No director is the finished article and we must all constantly be looking to develop ourselves and embrace lifelong learning whether through rigorous training or connecting with fellow directors.
Directors must be able to draw on as wide a range of perspectives as possible. Whether it’s achieved through a board or advisers, diversity of thought is fundamental to good corporate governance. This comes from embracing every type of diversity, from gender and ethnicity to age and neurological. It’s only through this broad view that business leaders can stay responsive to both the unknowns and to the many opportunities that lie ahead, despite the pandemic.”