People before Strategy: The new role for an Internal Auditor - Why & How?

Transcription

1 People before Strategy: The new role for an Internal Auditor - Why & How? BY Sylvia Neider, Founding Partner of SYNC Alliance, UAE & DNLA Group, Germany 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence *Harvard Business Review,

2 Hard Skills are Soft Skills Dependant If your emotional abilities aren t in hand, if you don t have self-awareness, if you are not able to manage your distressing emotions, if you can t have empathy and have effective relationships, then no matter how smart you are, you are not going to get very far. Daniel Goleman, Ph.D. Psychologist, Emotional Intelligence in Organisation 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 2

3 Your Performance drivers BE + DO = GET Attitudes Values Beliefs Behaviors Actions Techniques Outcomes Results Improvements Key take away s Big common ground in the group Do we know what the values of our key stake holders are? 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 3

4 Enhance Relationships TRUST FOCUS. Demonstrate Leadership Gain Collaboration Enhance Relationships Key take away s Fundament of building trust.. Know value set Drivers of success 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 4

5 5 Drivers of Success Your pulse check! 1. Drive Self Confidence 2. Strengthen People Skills 3. Enhance Communication skills 4. Develop Leadership skills 5. Reduce Stress Level & Improve Attitude 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 5

6 ASSESSING POTENTIAL I DEVELOPING POTENTIAL I RETAINING POTENTIAL Assessing Potential * Developing Potential * Retaining Potential Made in Germany Benchmark with the Best Research based Max Planck Institute, Munich Measures Social Competence Engagement & Tangible ROI 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 6

7 ASSESSING POTENTIAL I DEVELOPING POTENTIAL I RETAINING POTENTIAL Head of Audit Representative Profile* 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence *Sample size 40s Head of Internal Audit & Risk Mgt; data base, European Companies, Mainly DAX + DAX Switzerland + Russia 7

8 ASSESSING POTENTIAL I DEVELOPING POTENTIAL I RETAINING POTENTIAL Drivers of Success & Head of Audit Representative Profile*? Key Take away s: 1. Drive Self Confidence 2. Strengthen People Skills 3. Enhance Communication skills 4. Develop Leadership skills 5. Reduce Stress Level & Improve Attitude 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence Is the European profile representing the Middl East one? Are we, Auditors, feeling being in the driver seat? What needs to happen to do so? - *Sample size 40 Head of Internal Audit & Risk Mgt; data base, European Companies, Mainly DAX + DAX Switzerland + Russia 8

9 Cycle of performance Improvement Skill Attitude Motivation Gap Can do // Will do My Commitment Practice Knowledge Knowledge Gap Know what to do is not enough 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 9

10 People before Strategy: The new role for an Internal Auditor - Why & How? BY Sylvia Neider, Founding Partner of SYNC Alliance, UAE & DNLA Group, Germany 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence *Harvard Business Review,

11 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 11

12 Unleashing full Potential: Internal Auditor as Business Partner of choice 2015 Police? 2017 FROM Internal Auditor as BP of choice TO TO Path 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence *Harvard Business Review,

13 Misses/ Needs / Actions Action PLAN! MISSES Awareness about Internal Audit Educated Audite Corporate Culture Take time to Listen Presence in Committees NEEDS Build Trust Training (Increase Awareness, Communication skills) Increase competence in technical areas to increase trust Attitude Engage more ACTION Add Value as Internal Auditor Offer Consultancy Services Focus on business Needs Provide more Practical solutions Participate in Committees Open to change Communicate effecitively 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 13

14 Internal Auditor more Fruitful thoughts Self perception vs. Image E2E vs. Silos ---- Synergies Best Practice Platform FIT Aligned Objectives / KPI s? Link to KPI s --- Talent Assignment Budget Reputation Growth Effective Business processes Needs & Quick wins Understand business, market 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence

15 Debriefing Businesses don t create value, people do! * 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 15

16 Testimonial During our team (9 individuals from 7 different countries) conference in early October, Sylvia Neider provided us with a two hours session on People before Strategy. She provided an impressive session, which helped engaging everybody in the team and which is seen as the highlight of our conference by most team members. Our team will now do the needful in order to capitalise on the valuable session. In the name of my team, I would like to express a very big and sincere THANK YOU!. 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 16

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18 Get in touch... 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 18

19 About me I see myself as Business Strategist with unique focus on Human Capital Growth My CV CFO & Executive Head of Finance since 2006 Assignments in Germany, Egypt & Middle East/Africa Healthcare & Life science Sector Multinationals: Merck (Merck Serono, Merck Millipore) & Takeda Focus on Post-Merger Integration activities and Setting up affiliates in building high performance teams Leading change Areas of responsibilities As Head of Finance outside Core Finance: Supply Chain, IT, Procurement, Customer Service & HR ad interim, M& A, Post Merger Integration My Passion... Turning Potential into Performance People development & help Organizations to build an inclusive Culture of Trust & Synergies Diversity Women Empowerment 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 19

20 Backup 10/13/2015 SYNC Alliance --- Passion* Vision* Excellence 20