Author: Monique Beedles
Print ISBN: 9781876604400
epub ISBN: 9781876604394
Today’s board directors are faced with an increasingly complex operating environment. There is greater scrutiny from shareholders and regulators, and a diminishing ability to predict the future based on past experience. Despite this, the board uses its best collective judgement to continue to make decisions in the best interests of the company.
Asset Management for Directors aims to provide a clear framework for directors to address their asset management obligations. Creating value from the company’s assets is a key responsibility of the board and forms part of its fiduciary duty. In this sense, board directors are asset managers.
Through the context of the board’s governance roles, this book outlines the importance of asset management from the board’s perspective. The key points directors need to know about asset management are provided, without addressing technical aspects in too much detail. Rather, the book aims to inform the director who is not necessarily an expert in asset management on the fundamental knowledge they need to understand their company’s asset management practices and to ask pertinent questions of management.
Each chapter includes a brief case study to highlight how the principles are applied in practice. These case studies cover a wide range of industries and help to illustrate the array of asset types, both tangible and intangible, that boards are responsible for.
About the Author
Dr Monique Beedles FAICD has over 15 years’ experience as a director on boards of private and public companies, not-for-profit organisations, professional bodies and government entities. She is a facilitator for the AICD programs on governance, strategy and risk.
Dr Beedles holds a PhD in corporate strategy and is one of the first professionals globally to become a Certified Asset Management Assessor under the ISO 55000 suite of international asset management standards.