Good Governance and Boards

Hear learnings from Sam Duncan, CEO of FarmL ab about why you need a board and the benefits of having a board. Not only does a board provide guidance, help with strategy and guide decision making in our own businesses, boards are important in the community too.

Airlie Landale Founder and Managing Director of Farm Table Australia gets clear on governance when setting up your own board or joining a board. If you are seeking board members, it’s essential to understand the types of information they will expect, in order to make an informed decision. Likewise before accepting a board position it’s essential to perform this due diligence.

Melissa Neal, Industry Leadership Manager at Sheep Producers Australia has developed a deeper understanding boards – what they are looking for, how she can make their decisions easier by following the defined strategy of the organisation, how to think differently and question more deeply – allowing the board to better support the people in the organisation.

Stephanie Wurst from Kukakunga Farming highlights the importance of diversity for a business and board to operate effectively. Differing points of view, opinions, age groups, genders, cultural and industry backgrounds lead to well-rounded decisions for the good of the business and the wider community.

Karina Dambergs, Co-Founder of Edward & Edward Tasmanian Distillers shares the phrase “noses in, fingers out” in relation to setting clear lines of roles and responsibilities when acting on a board. Karina also impresses how learning to read and understand financials can paint a clear picture of what is happening in a business and their strategy.

Jade Miles from Black Barn Farm talks about why it’s important to compile a board of diverse individuals who are willing to challenge you. Jade has also been inspired to learn more about financial ratios, stating that ratios can give her an immediate snapshot of the health of an organisation.

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