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What skills or qualifications should members of the board of directors have?

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What skills or qualifications should members of the board of directors have?

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The chairman should have strong leadership skills, previous experience as the chairman of a board, advanced strategic planning skills and strong corporate governance experience. The vice chairman should have similar expertise. As a group, the board’s skills and expertise should include a rural background, corporate governance experience or knowledge, demonstrated skills in business management; accounting or financial expertise; legal qualifications or experience; and a social welfare or community development background. At least one board member should have skills and experience in human resource management. Board and management committee members are expected to keep their corporate governance skills up to date by attending an Australian Institute of Company Directors two-day course or a similar course.

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