VisionFund Global Director of Corporate Governance
*Preferred location: London, UK or anywhere where WVI and VisionFund is registered to operate*
World Vision (WV) is a Christian relief, development, and advocacy organization dedicated to working with children, families and communities to overcome poverty and injustice. One important component of World Vision’s work is microfinance, providing financial services such as credit, savings and insurance to the poor, enabling them to earn increased income, build assets and provide for their families. Numerous studies confirm the strong impact of microfinance on the well-being of children.
Studies also show, however, that the integration of microfinance with other development activities can have an even greater impact when compared to either microfinance alone or development activities alone. WV’s microfinance operations are managed through VisionFund International (VFI) and its 6,000 staff, a WV subsidiary. VFI manages a network of 36 microfinance institutions (MFIs) globally and has outstanding loans of approximately $450 million to some 800,000 clients and annual network revenues of over $138 million. The MFIs were created to provide financial services in the areas where WV works.
PURPOSE OF POSITION:
To ensure the VFI and circa 35 MFI boards are well-formed and effective, practising strong strategic leadership, oversight and demonstrating best practice in their corporate governance.
This role will develop and maintain governing policies and tools, manage the formation of boards, create development and effectiveness training and monitoring processes.
It will aslo manage all corporate secretariate requirements of all coproate entities under control of VFI ensuring documents meet local & regulatory requirements and protect WV/VFI and ensuring all legal processes/requirements are followed and are up to date.
The Global Director will work closely with the WV Governance department and WV Law, the Peer review department, MFI boards, World Vision International Advisory Councils/boards and the VFI Board.
Enhance the quality of governance in the VFI Network:
Develop global policies and guidelines that ensure common governance practices and standards are applied across the Network. Align MFI governance policies and practices with VFI/WVI policies and strategy.
Ensure the evaluation of board effectiveness based on a common criteria and approach across the Network.
Participate in selected board meetings as an active observer in their governance practices and provide feedback of observations and recommendations.
Advise and make recommendations to the CEO and VFI board on MFI board structure, composition, appointment, governance process, stewardship roles, meetings and board committees.
Work closely and coordinate with the WV governance Partnership Leader and the Regional Governance Avisors, so as to ensure alignment and consistency in governance approach between the MFIs and National Offices.
Support MFI boards in communication and integration of strategies between the MFI boards and WV national boards/ACs.
Support MFI boards in the development and implementation of board policies and other governance processes and documents and in ensuring that they are aligned with VFI/WVI policies and strategy.
Work closely with the WV Peer Review department with a view to ensuring provision of relevant feedback on MFI and NO interactions.
Board Development & Training:
Develop governance tools and training materials/curriculum to support boards in continous development.
Train boards on their roles and responsibilities as well as promising goverance practice (where appropriate engage the services of other service providers to ensure continuous board development).
Support the VFI Board Governance Processes:
Develop policies and templates to enhance the effectiveness of the VFI board processes.
Take minutes during board meetings.
Undertake and coordinate the governance processes, such as recruitment of members, new members’ orientation, board evaluaton etc.
Review and in some cases develop all corporate restructuring legal documents to ensure they meet local laws/regulations and WV/VFI governance and legal needs and standards, working integrally with WVI Legal:
Support and advise onmergers and acquisition transactions on legal documents as directed by Finance.
Ensure all VFI board secretariate work is completed and up to date.
Develop and monitor a process for ensuring all MFI corporate secretary requirements are being followed.
Governance & Secretary Management and other Duties:
Produce periodic progress reports against defined objectives and submit them to the CEO.
Oversee the performance of the governance advisor & other contracted staff.
Ensure the development and maintainance of a governance data base and other information management systems necessary to keep board members and staff current on governance information.
Manage the departmental budget.
Carry out any other tasks consistent with the position’s purposes, as may be required by the CEO.
Support MFI CEO's on Governance and Collective Responsiblity:
Develop a network of MFI governance administrators capable of administering and advising on basic governance practices and policies. Support the MFI CEO’s in coordinating orientation of new members and local board development initiatives.
Provide direction and support to the MFIs to enable them effectively support the governance processes.
Support the CEOs by promoting CEO coaching for governance process . Occasionally act as a coach for a CEO.
Prepare for and contribute to SET and other VFI meetings and Forums.
Practice the Core Values of World Vision.
Participate actively in weekly chapel, devotions and spiritual development retreats in work location.
KNOWLEDGE, SKILLS & ABILITIES:
Must be able to quickly understanding the governance needs of a financial institution and World Vision.
Training skills are essential and ability to develop training materials and case studies.
Must have worked with boards for not less than 5 years. Must have worked in legal secretariate role or equivalent for 5 years.
Must have strong leadership skills and ability to work independently.
Must have training and good understanding of corporate governance, latest global trends in corporate governance and be able to advise on implicaitons for MFI boards.
Effective Excutive Coaching.
Excellent consulting skills to be able to analyze, recommend solutions, mentor and coach people.
Good communication and negotiation skills are essential
Good understanding of risk management and strategy.
Must be able to simultaneously manage multiple priorities and projects.
Must be cross-culturally sensitive as will work with associates from every area of the world.
Flexibility on hours to contact people within wide time zone difference is required.
Ready to comply and live up to and in accordance with the organisation ideals and core values.