The newly elected chair for the Yorkshire Institute of Directors has revealed how its training courses helped him change they way his company is run, starting at the very top.
Peter Holmes, chair of Darnall-based Anchor Magnets, said he had the confidence to review the board, change board meetings from simply being operational updates and to “bring in non-executive directors to challenge and complement us with areas of expertise that we didn’t have.”
He took the IoD certificate and diploma qualifications at Leeds Metropolitan University, with lecturers that delivered their MBA, to achieve chartered director status.
Peter, who led the management buyout of the Sheffield magnet organisation 15 years ago, was already a qualified chartered engineer when he joined the IoD. But he chose to do further study with the organisation to improve his understanding of the roles and responsibilities of a director.
He added: “Despite numerous courses, I could never find what I needed. The IoD course gave me a shock: rarely do new directors understand the full legal responsibilities. The course delivered what I was looking for on strategy along with a whole lot more. We are a better business as a result.”