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Board Skills and Experience Matrix

Board Succession Planning and Diversity

The Board strives to ensure that it collectively has the skills and experience needed to maintain the health of the organization and guide its long-term success. Our Board Skills and Experience Matrix allows us to see where there may be gaps—to assist both our Nominating Entities in making their nominations and the Board when looking to fill at-large vacancies. The first part of the Matrix, reproduced below, lists essentials.

Board Skills and Experience Matrix: Essentials

Integrity and Accountability

  • Demonstrated integrity and high ethical standards both in personal and professional dealings.
  • Willing to act on, and remain accountable for, decisions made in the boardroom.

Conflict of Interest

  • No real or perceived conflicts that are not easily satisfied through disclosure or exclusion from particular issues. This is verified annually.

Time Availability

  • Ability to devote the required time for preparation before, and participation at, Board and committee meetings.

Financial Literacy

  • Competent in understanding financial matters and statements.
  • Familiar with current accounting processes used to evaluate a corporation’s financial performance.

Strategic Insight

  • Capable of contributing to Board work on identifying key trends, assessing risks and opportunities.
  • Skilled in providing insight and suggestions in making strategic decisions, including encouraging innovation and focusing YVR’s strategic vision.

Board Experience

  • Service on the Board of a large corporation, preferably with experience as committee chair.
  • Experience with other types of Boards (e.g. community and not-for-profit) or as CEO reporting to a Board.

Leadership

  • Ability, shown by prior actions, of taking into consideration all stakeholders as part of making sound business decisions.
  • Ability to set “tone at the top” and promote a positive culture.
  • An understanding of current best practices in corporate management in complex, evolving business environments.

Risk Management

  • Understanding of, and experience with, modern enterprise risk management systems and programs.

Informed Judgment

  • Ability to communicate wise, thoughtful counsel on a broad range of issues helpfully.

Mature Confidence

  • Ability to facilitate superior Board and team performance by demonstrating respect for others.
  • Places a premium value on collective achievement over individual performance.

High Performance Standards

  • High standards for self and others reflected in a record of achievement.

Diversity

  • The Board should be reflective of the community we serve in terms of the categories identified in the Employment Equity Act: women, visible minorities, Aboriginal peoples and persons with disabilities. In addition, the Board should include a diversity of ages and consider directors resident in B.C. communities from outside the Lower Mainland.

 

The second part of the matrix lists desired skills and experience. We look for directors with these skill sets, which ensure they can analyze issues effectively and make sound decisions.

 

Board Skills and Experience Matrix: Desired Skills and Experience

Aviation/Air and Other Transportation Industry Experience

  • Senior executive, in particular: international airports, aviation, airline, development manufacturing and maintenance of aircraft, cargo and logistics, and other modes of international passenger and cargo movement.

Senior Executive Experience

  • Chief Executive Officer, Chief Operating Officer, Executive Vice President or Senior Vice President of a large corporation.

Financial Experience

  • Chief Financial Officer or senior financial executive of a large corporation.
  • Senior Audit Partner with one of the major Canadian audit firms.
  • Corporate finance leadership, including investment banking, mergers and acquisitions, and other complex transactions.

Retail Experience

  • Senior executive, in particular: direct to consumer sales, shopping centre design development and management.

Land or Project Development

Experience

  • Senior executive, oversight and/or project management of large capital projects from inception to completion.
  • Complex engineering, multi-sourced financing projects including public, government and environmental approval processes.

Digital and Technology Experience

  • Senior leader, digital universe, information technology, social media, e-commerce, cybersecurity, new economy, business intelligence and analytics and their application in for-profit businesses.

International Experience

  • Global business and marketing.
  • Extensive relevant contacts.
  • Strong credibility with the Canadian government as a senior international business person.

Government

Relations and Community Service

  • Extensive work with, or within, government. Knows policy and legislation development, credibility and connections within a) political and civil service sectors and b) community organizations.
  • Experience serving within and leading charitable organizations.

Customer Service Experience

  • Senior executive from an industry where meeting individual customer needs is critical to the organization’s success. In particular: travel, hospitality, theme park and cruise industries.

Compensation & Human Resources Experience

  • Senior human resource executive in a large corporation: knows executive compensation, performance management systems, succession planning and development.
  • Senior partner in a recognized compensation or human resource consultancy.

Legal Experience

  • Senior Partner of a law firm with a broad range of clients and transactions, preferably a leadership role within the firm or senior legal executive in a large corporation.

Corporate Sustainability and Environmental Responsibility Experience

  • Senior executive responsible for health and safety in a large manufacturing or industrial company.
  • Large corporation involvement in environment, sustainability, community and communications.
  • Public issues management.

Airport Management

  • Senior management experience at a major airport with significant international and connecting traffic and hub operations.

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