
Enter the Boardroom with Nurole 154. Sir James Wates CBE: How to be a good board chair - family businesses & the RFU
Sir James Wates CBE is Chair of the Rugby Football Union and Vestey Holdings Ltd. Formerly, he was Chair of Wates Group. Tune in to hear his thoughts: Key board-level decisions that helped grow Wates from 950m to 2bn revenues (02:20) How the board weighed the risks and benefits of increasing average transaction value (05:08) Key decisions the board used to assess risk (08:00) How the board decided when to quit and when to stick (10:03) CEO appointments: what’s worked and what hasn’t (14:02) Board succession planning: how to pick the right chair (18:11) How to handle redundancies as a CEO or Chair (22:45) The single governance practice Sir James would insist every family business adopt (26:12) Key lessons transitioning from a family to a fully independent chair (27:25) Independence versus centralisation in a group structure (30:21) Chairing the RFU: why Sir James took on the role and what it entails (37:54) ⚡The Lightning Round ⚡ (41:34)
Host: Oliver Cummings
Producer: Will Felton
Editor: Penelope Coumau
Music: Kate Mac
Audio: Nick Kold
Email: podcast@nurole.com
Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
