WELCOME TO THE AUSTRALIAN MARKETING INSTITUTE (AMI) MEMBER DIRECTOR NOMINATION TO THE AMI BOARD


In 2017 AMI members are given the opportunity to elect five Member Directors to the Board of Directors. Members can nominate themselves as a Member Director candidate.

The board is responsible for governing the AMI, providing direction to management by determining the long-range mission and goals of the association, establishing AMI policies and procedures, monitoring finances and approving budgets.

AMI Directors are appointed by our members to act on their behalf in being responsible for AMI’s overall business performance and compliance.

Directors operate within a complex and rapidly evolving environment. They are responsible for establishing an appropriate system of corporate governance, having due regard to the reasonable expectations of members, the law, regulators and other stakeholders. They must also ensure the business develops and implements a suitable strategy for successful attainment of members’ objectives in the current physical, economic, political, regulatory, technological and competitive environments.

Nominations for Member Directors are now open for financial Fellows and Members.


Key Dates

2017 Director Elections Timeline        

16 May –    Opening of nominations for Directors
5 June –    Close of nominations for Directors
13 June –    Member Nominations Collated for review by Nominations Committee
3 July –    Proposed Member candidate
10 July –    Background checks on proposed member candidates
8 August –    Election Date. Polls Open
22 August –    Close of elections.
23 August –    Returning Officer declares the 5 member Elected Directors
1 September –    Induction of new Directors commences
4 September –    Teleconference with existing Chair and new Directors to commence the Chair election process
18 October –    AGM. New Board effective from conclusion of AGM, Current Directors and New Directors Board Meeting. Appointment of new Chair.
19 October –    Press Release on new Directors
Nov 1 to Feb 19 2018 –    New Board Skills Audit; Appointment and Induction of the 6 Co-Opted Director

Further Information on Becoming an AMI Director

What are some of the things the AMI Nominations Committee look for when reviewing the nominations?

  • Does the candidate have skills that would add value to the board or fill a gap?
  • Does he or she understand the AMI’s business?
  • Can the candidate work as part of this team of directors?
  • Does he or she have sound business instincts and judgement?
  • Does her or she have a proven track record?
  • Is the candidate genuinely interested in the organisation, it’s business and people?
  • Is the candidate honest and a person of integrity?
  • What other directorships and commitments does the candidate have?

Given the legal responsibilities that directors face and the collegial nature of an effectively functioning board, information provided by a candidate is substantiated through police checks, candidate’s referees and verifying employment dates.

What are the Core Business Skills and Knowledge required to be an AMI Director?

  • Strategic expertise – the ability to review the strategy through constructive questioning and suggestion, and to use and implement knowledge built up over years of experience;
  • Financial literacy – he ability to read and comprehend the company’s accounts, financial material presented to the board, financial reporting requirements and some understanding of corporate finance;
  • Relevant legal knowledge – the board’s responsibility involves overseeing compliance with numerous State and Federal laws as well as understanding an individual director’s legal duties and responsibilities;
  • Managing risk – experience in managing areas of major risk to the organisation;
    Managing people and achieving change;
  • Experience with financial markets;
  • Industry knowledge relevant to this organisation

What is the time commitment in being an AMI Director?

The AMI is in both a critical and exciting time of transition. As a Board Member, you need to be an active contributor – this is a working board, it’s not just an exercise for your CV, there is no room to for complacency.  Commitments include monthly board meetings, strategy days, participation in working groups including financial, membership and accreditation groups.  Along with keeping up to date with all Board papers.

So, why would you want to become an AMI Director?

If you are passionate about the marketing industry and want to actively contribute to its growth whilst simultaneously meeting a network of like-minded people across both industry and academia maybe a position on the Australian Marketing Institute Board is something you may want to consider.