Independent Directors/Trustees

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  • RemunerationPositions are not remunerated per UK charity law but travel and reasonable expenses will be reimbursed.
  • LocationWorldwide
  • DeadlineJanuary 31, 2021

Job Description

GIF is an impact investing charity headquartered in London. GIF invests (via grants, debt, equity and hybrid instruments) to accelerate evidence-based innovation that improves the lives of poor people in low- and middle-income countries. GIF uses rigorous evidence and development economics to identify and invest in high-impact, early-stage enterprises situated in the funding gap between angel and later-stage investors in private equity and development finance. GIF supports efforts to de-risk high-impact innovations scaling via the public sector, or public-private partnerships, and to rigorously demonstrate their cost effectiveness. GIF’s work is grounded in a fundamental commitment to open innovation.

GIF is looking for three new board members to:

• provide strategic guidance to GIF’s executive team to ensure the aims and objectives of the organisation are achieved;
• support GIF’s executive team in maintaining and forging strong donor relationships;
• ensure that GIF is a dynamic, efficient and highly effective organisation that continually learns from experience, and continually improves policies, procedures and outcomes; and
• communicate the GIF mission and vision externally, including with current and future partners and networks and act as an ambassador for GIF.

The new directors/trustees will have either a predominantly public sector or government donor background, or a predominantly academic or research background (in international development, public policy or another related field). Candidates may be based anywhere, with GIF especially seeking candidates from the global south.

How to Apply

To apply, please send a full CV together with a supporting statement, briefly highlighting your experience and skills against the requirements of the role, to hrcchair@globalinnovation.fund.

Interviews will be held in November, December and January 2021-2022.

Requirements

  • Seeking diversity of experience and thought, GIF recognises that individual candidates will bring a wide range of skills and expertise. To support GIF’s core mandate, candidates for the current vacancies should be:
  • • demonstrably committed to GIF’s agenda, objects and basing decisions on evidence;
  • • supportive of GIF taking applications from and providing funding to a wide range of institutions;
  • • open to both public and private sector scaling;
  • • adept at working in group settings;
  • • willing to commit the time needed to prepare for and participate in board meetings and activities, including being engaged and responsive as needed between meetings, and joining at least one board sub-committee if required;
  • • independent of any current GIF funders on appointment and likely to remain so for a three-year term, if appointed.
  • Behavioural Competencies
  • • a strategic, methodical, and highly rigorous professional approach;
  • • strong analytical skills, including comfort analysing disparate and even contradictory information;
  • • a collegial and collaborative style, including the capacity to work collaboratively with the Chair, the rest of the Board, and the CEO;
  • • ability to think independently, engage in open and robust debate and abide by the principle of board collective responsibility for decisions;
  • • strategic capacity: a grasp of the big picture and avoidance of immersion in minute detail;
  • • comfort dealing with partners from a variety of backgrounds, including at the highest political levels;
  • • the highest level of integrity;
  • • entrepreneurial, business-oriented and forward-thinking; ability to manage risks and opportunities and see the big picture.

Duties & Responsibilities

Role Description

Board responsibilities for all directors include:

• assuming fiduciary responsibility for GIF’s activities, including fulfilling directors’ duties under UK company law and trustee duties under UK charity law;

• overseeing high-level policy making and providing strategic guidance to management to ensure the successful execution of GIF strategy, and to achieve the mission and objectives set out in GIF’s articles of incorporation;

• ensuring that GIF is a dynamic, efficient and highly effective organisation that continually learns from experience, and continually improves policies, procedures and outcomes;

• overseeing implementation of GIF policies, including on investment, capital management, impact assessment, governance and risk management;

• reviewing and approving the annual budget and operational plan and approving the annual financial statements;

• helping GIF raise future capital, build networks with potential donors and thought partners, attract quality applications for funding, and recruit external experts to inform GIF’s investment decisions;

• engaging and communicating the GIF mission and vision internally and externally; publicly promoting GIF and its work as a thought-leader in international development;

• overseeing the subsidiary entities of GIF;

• participating in four regularly scheduled board meetings per year, typically two remotely and two in person, usually in London, Washington, DC, or in an investee country; and

• participating in at least one of the board sub-committees (Audit and Finance, Human Resources, or Development Policy).