Target Audience of the Project
Business owners
considering the establishment of Supervisory or Advisory Boards (hereinafter "Boards") for their companies and who wish to test how this tool works, as well as the benefits it provides.
CGPA members*
seeking to develop the career of corporate directors who lack board experience
*Only CGPA Members can participate in the project
Value Proposition for Business Owners
The opportunity to «try on» the implementation of a Board for their business (for themselves personally and for the existing management) with minimal risks
Try to become a member of a quality Board yourself and understand how it works in practice
To form a personal vision of the optimal form, composition, and authority of the Board for their business
To test selected CGPA members of the Board and sign contracts with them after the project ends
Even in case of refusal from the Board following the Project results, at least to receive qualified and deeply developed recommendations on 2-3 most important issues of business activity (strategy, investments, control environment, assessment of senior executive management, etc.)
Project Description
A test Board is created for a period of 6 months
Over this period, the Board will conduct 3-6 meetings, during which it will develop and provide recommendations to the owner on 3-4 key issues of the company's activities. It is expected that Board members will spend approximately 10 working days on the project
The list of key company issues is preliminarily discussed and agreed upon with the owner
The owner has the right to terminate the project prematurely, but not earlier than three months after the date of establishment of the Board, without any further obligations
Upon completion of the project, the owner decides whether to retain the Board as part of the company's governance structure
If the Board is retained, the owner determines the format, composition, and conditions under which the Board will operate and signs relevant agreements with all or selected participants of the project
Conditions for Business Owners
Before the Board is created, the owner's company must become an institutional member of CGPA (annual membership fee: €3,000)
After signing the agreement to establish the Board, the owner's company pays CGPA a target contribution of €5,000 to support the project
Three months after the Board's creation, the owner's company pays CGPA a second target contribution of €5,000 to support the project
Total project costs: €13,000, significantly less than the market value of similar services
If the company meets EBRD criteria, partial compensation (up to 85%) of project costs may be available through donor funding from EBRD
Board members sign an NDA at the beginning of the project. The owner agrees to the publication of information about the project and its results in the media, social networks, and at the Corporate Directors Forum
As an institutional member of CGPA, the owner’s company will continue to receive the association’s support (informational, consultative, periodic Board performance evaluations, participation in CGPA events, etc.) even after the project ends
Value Proposition for candidates to the Board
To get acquainted with an interesting company and its owners; to prove yourself as a professional and receive an offer to continue cooperation after the Project completion
Gain invaluable practical experience of working in an effective Board
To establish professional contacts with colleagues on the Board, top managers of the company
Make your own director's resume more competitive
Gain access to best practices and networking opportunities, as well as contribute to significant changes in corporate governance in the country
Terms of formation and operation of the Board
The Board includes at least one director with significant experience in working on boards
CGPA selects potential members of the Board from among its own members, graduates of the UCGI Corporate Director Program (almost 800 persons). To participate in the Project (to be appointed to the Board), the candidate must be (become) a CGPA member
Work in the Board under the Project is carried out by the director on a pro bono basis
Experienced directors may be offered individual terms and conditions that provide for the payment of remuneration
Candidates confirm their consent to the coverage of information about the project and its results in the media, social media and at the Corporate Directors Forum
Submission of the owner's application for
participation in the Project
A company owner wishing to participate in the Project shall submit the following information to the CGPA Secretariat
Information about the company
- Application for participation in the project
- Information about the company
A motivation letter stating the reasons for establishing the Board and the owner’s expectations from the Board
Submission of the Candidate's application
for participation in the Project
A Candidate wishing to participate in the Project shall submit the following information to the CGPA Secretariat
A motivation letter («free-form») stating:
Resume, which (if any) reflects the results of work in the governing bodies of business entities
Documents must be sent electronically to info@cgpa.com.ua
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