Position Opening: ASA Director
The Australian Shareholder’s Association (ASA) is Australia’s largest independent, not-for-profit, shareholder association. It has representation in all states of Australia. ASA is a company limited by guarantee. It is funded entirely by membership subscription, donations and sponsorship. No government funding is provided.
ASA is the representative body of Australian retail shareholders. With its experience, scale and expertise it safeguards and promotes their interests in the Australian equity capital markets. ASA helps members improve their investment knowledge. It does this through the facilitation of a connected retail investor community and a variety of educational services.
The Head Office is located in Sydney's CBD. It is monitored and supervised by the board of directors. ASA has volunteer-run branches in all Australian states. The role of the board is to develop the strategic framework and objectives with management to ensure its long-term sustainability.
Some directors have come from the membership, holding both experience in business and ASA’s company monitoring, advocacy or education activities.
However, ASA experience is not a prerequisite for director roles and all suitably qualified applicants with the right skills to complement existing board members will be considered.
Currently, board meetings are held 4 times per year, predominantly in Sydney. Other meetings take place by teleconference as needed. To see thes expectation around time commitment please click here.
Board positions are unpaid (travel expenses are reimbursed as appropriate).
ASA is seeking expressions of interest from applicants who have experience and skills in the following areas:
Strategic marketing with exposure to and understanding of digital marketing
Demonstrated knowledge of governance
Strategic thinking and management
Critical analysis and questioning
Understanding and assessment of organisational risk
Involvement driving growth in a member-based organisation.
Ideally, you will also be an active investor.
Experience as a Non-Executive Director, membership of professional organisations such as the Australian Institute of Company Directors or Governance Institute and with a membership organisation with a strong volunteer base will be well regarded.
How To Apply
Please send your covering letter with CV addressing the above criteria to:
Ms Alison Buxton
Australian Shareholders' Association
Please include how long you have been at ASA, any volunteer activities you have been involved in at ASA and what you want to see done better.
Applications without a covering letter addressing the criteria will not be considered.
Friday, 4 December 2020
Director roles are volunteer roles and do require a considerable time commitment to not only attend Board meetings, but to provide guidance & support to staff and volunteers on an ongoing basis and to fulfil committee and ASA objectives.
The Board meets approximately 8 times throughout the year and Directors are expected to attend the meetings, unless they seek leave of absence.
Directors must be prepared to travel to another city (travel costs reimbursed) when required. These dates/times are known well in advance. There is also an annual two-day conference usually in May (generally Sydney or Melbourne) which directors are expected to attend.
Face to face Board meetings are currently held 4 times per year generally in Sydney or Melbourne (generally over at least 1 full day for each meeting plus travel time). The ASA AGM is held normally between late April and mid-May on a rotation basis around Australian capital cities.
Board meetings are also held by teleconference between the four main meetings. Committee work is also required between Board meetings, dealing with recurring ASA matters as well as ad hoc matters as they arise.
All Directors are expected to be active contributors to the governance and strategy work of the Board. You may be called upon to undertake staff interviews, review applications for staff positions, review contracts and proposals, draft correspondence on behalf of ASA, ASA position statements on certain matters etc.
Directors are expected to contribute their expertise to the organisation by participating in Board Committees and working groups as appropriate. The Board will also hold a major strategy planning process during the year. Directors are expected to support the various events which the ASA holds (such as State events and National Conferences and members’ networking events) in addition to time to attend ad hoc teleconferences and emails associated with Board business.
Directors are expected to take an active interest in the volunteer membership, making themselves available, when possible, to attend Investor Forum, discussion and coffee groups in their respective areas. It would also be helpful to occasionally be available to be a speaker to these groups.
In addition, a reasonable amount of preparation time is required before each Board and/or Board Committee meeting. While it is difficult to advise exactly what time is required in preparation, directors must allow sufficient time so that they are well prepared for the Board meeting. Previous directors have advised that, on average, they spend between 4 to 5 hours on preparation for each Board meeting including preparing papers for discussion or decision.
Persons considering nominating for the position of Director should therefore be prepared for a workload which varies considerably depending upon ASA programs, but may conservatively average 15 hours per month- more when board meetings arise and special matters require attention. There
are regular emails between directors on ASA matters.
The provisional meeting schedule for 2021 face to face meetings is as follows:
3rd / 4th Mar - Strategy Day & Board meeting in Sydney
18th /19th May – National Conference in Sydney
20th May - Board meeting in Sydney
26th Aug - Board meeting in Sydney
2nd Dec - Board meeting in Sydney