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Positive Leadership Article in IOD Scotland Newsletter

  1. 1. Autumn 2010 www.iodscotland.com Published for members of the Institute of Directors in Scotland IoD director-general in praise of ‘energy city’ p6 Changing the mix in our boardrooms p14 Unlock the secret of inspiring leadership p12-13IoD Scotland Conference 2010:Cameron House on Loch Lomond • October 29New speakers announced • Book your place now
  2. 2. Meet me by the bonnie bonnie banks at Cameron House on Loch Lomond.The world-renowned bonnie banks of Loch Lomond conjure up images of a majestic world of heather-dappled glensand roaring open fires. There’s no better place to watch the theatre of the Highlands unfold than from Cameron House.Whether your event is small and private or a large and flamboyant affair, you’ll have the perfect space to suit youroccasion. With fine dining, loch cruises, championship standard golf, spa breaks or simply chilling out with your newfavourite 20 year old single malt, you will experience legendary Scottish hospitality at its very finest and very warmest.For details or an e-proposal call 01389 722554 or email events@cameronhouse.co.uk C AMER O N HOUS E www.cameronhouse.co.uk Cameron House on Loch Lomond, Dunbartonshire, G83 8QZ ON LOCH LOMOND
  3. 3. Institute of Directors Scotland: Autumn 2010 COMMENTThe challenge is IoD Scotland Conference 2010constant: how we Cameron Housereact to it is crucial on Loch Lomond October 29, 2010 by Raymond O’Hare Chairman, IoD Scotland ever before. However, if your business or Inspiring IT CONTINUES to be a challenging time organisation is feeling the pressure at present, this is both a critical time and an leadership for everyone in business at present, and for anyone who has a leadership ideal moment to step back and look at exactly what you are doing. How much of – making role within an organisation. I see many people and businesses your people’s time is being spent on core activities and on core business goals? It is the performing strongly and seemingly unaffected by the current economic a time to verify your strategy, ensure that this is reflected in your business plan, and difference conditions, but I also see a number of then focus on clear and regular companies who are clearly struggling and communication with your teams to ensure Hear Scotland’s having to make many tough choices that everyone understands what needs to top business about what they do next, what they focus be done, when and by whom. leaders give their on and how they prioritise their time and It takes strong leadership to “look up” in resources. either of these situations, take stock and take on how the I have two key messages for leaders, make decisions around what is being person at the top regardless of which category your focused on; and also around what to stop can drive success organisation falls into. doing. Good leaders will take the time to First, if your business is strong and ensure that staff understand where the weathering the economic storm well: this organisation is headed and what their role Book now at is great news, but this is also the time to will be in taking it there. Sadly, I still see www.iodscotland.com be most vigilant about staying focused, some companies where everyone is or call 0131 557 5488 being clear with your staff about the working all hours, margins are tight, and organisation’s strategy and their individual yet the one potential area which could role in helping to achieve this. yield significant returns for the company is See pages 12-13 It’s easy to get relaxed and even effectively sitting on the shelf because for full details complacent with continuous success. everyone is too busy to deal with it. Don’t let this make your This must not be allowed to organisation lazy. Many of happen. The Institute of Directors Scotland your competitors who are The challenge is membership magazine is published not so fortunate at present constant and on behalf of the IoD by will be focusing and relentless. What we Chamber Media Services, prioritising very carefully must recognise is 4 West Park Road, Bramhall, right now, and are likely to that constant Stockport, come out of this current focus, regular Cheshire SK7 3JX. situation stronger, leaner, adjustment and an“ more focused and better environment of Advertising sales: able to compete than decisiveness and Colin Regan, Chamber Media Services empowerment are T: 01925 468403If your business is feeling required at all times, E: colinregan001@yahoo.co.uk regardless of the highsthe pressure this is an ideal and lows your Production:moment to step back and organisation will Rob Beswick, Chamber Media Serviceslook at exactly what experience. T: 0161 426 7957 E: beswick@cssystems.netyou are doing Although every effort is made to ensure the accuracy of material contained within this magazine, neither IoD Scotland norIoD Scotland: Contacts and addresses Chamber Media Services can accept any responsibility for omissions or inaccuracies in its editorial or advertising content.Executive Director: David Watt IoD Scotland: 29 Abercromby Place, The views expressed in this publication areiod.scotland@iod.com Edinburgh, EH3 6QE not necessarily those of the IoD. The carriage of advertisements or editorials inFor all enquiries, contact IoD Scotland this publication does not constitute an Telephone: 0131 557 5488 endorsement of the products or servicesat iod.scotland@iod.com Fax: 0131 557 5818 advertised.www.iodscotland.com Cover picture: Statue of William Wallace inwww.iod.com/scotland Aberdeen – an appropriate image for an issue which centres on inspiring leaders Page 03
  4. 4. COMMENT Institute of Directors Scotland: Autumn 2010Where do we go from here? It’snot just politicians who decideONE THING that Scottish businesspeople – and the organisations which Business needs to find its voice elections it would be nice to be in a position to vote for politicians whosupport them – believe completely is to influence the future shape had real control over Scotland’sthat we all need to work in unison to economy and the significant leversfoster long-term economic recovery. of Scotland’s Government, which help it thrive – and also for atWorking together is the only way to least an element of how they raise asachieve sustainable economic growth says IoD Scotland’s executive well as spend money.for Scotland and so too benefit the director David Watt Now is the right time to developwider prosperity of the UK. these thoughts and drive forward a Clearly, business has the prime role Parliament in late autumn this year, set of solutions which can help thein delivering such economic recovery time is now pressing and should focus private sector and the wider Scottishand continued growth. However, to minds among the Scottish business economy grow.achieve that, it is paramount that community and others to get them The IoD in Scotland will beGovernment also has and uses the started on leading discussions within developing its manifesto for nextappropriate levers required to a wide range of settings and client year’s election over the comingfacilitate an environment from which groups. We would support a months and we will be stronglysuch growth can flourish. wholesale, interrogative civic debate emphasising that practical action to In that respect we require a robust on the ramifications of increased support our companies and so ourdebate on exactly how this might powers for Holyrood, particularly economy needed – not just rhetoric.happen north of the Border and now around the contentious issues of tax It is early days; however, the newis the time to have it, with a new raising and what that would ultimately Coalition Government in WestminsterGovernment in Westminster and one mean for the nation’s economy. appears determined to adopt thewithin the year in Holyrood. We need The Institute of Directors has some recommendations of the initialto seriously examine the potential of reservations about the potential for Calman Report regarding the futureany changes to improve or worsen our some of the changes suggested which role of the Scottish Parliament. Aeconomic performance and to may cause additional industrial costs. number of things have moved onconsider closely what the implications However, equally, we have always had since Calman’s final report, amongwill ultimately be for Scottish business a problem with a Parliament that them the significant deepening of theand our wider economy. simply spends money and does not recession, a UK election bringing new The recently launched campaign for have any accountability for raising it. political attitudes to Downing Streetadditional fiscal responsibility at Going into next year’s Scottish and a new attitude to devolvedHolyrood – or “devolution-plus” as governments, not to mention the newsome commentators have dubbed it – coalition’s likely taxation policy.requires us all to get involved in such a There seems to be an opportunitydebate. A debate, by the way, not for reasonable debate beforemerely limited to the business everyone dives off into the hustingscommunity alone but involving much for next year’s Scottish electionswider aspects of Scottish civic society. assuming their traditional positions.It is certainly a major matter of Central to these debates, must beimportance – probably determining the voice of Scottish business – largeour taxation setting for many years to and small. Business growth is, after all,come, possibly for a generation – and ultimately what will get us out ofit is vital it’s not just decided by the recession and drive our economicpolitical classes without genuine ref- growth in the future. We can’t justerence to the real growth generators. leave it to politicians to think up and With legislation around this issue apply solutions: they need our helpdue before the Westminster and advice. ������������������������������� Get marketing media that’ll help you stand out from your competition. Get results. We produce websites, brochures, brands, direct mail and customer magazines - online and in print - for some of the UK’s biggest companies and lots of its most promising small ones. And we’re damn good at it. Say hello@reddishpink.com or call us on 01506 433422 www.reddishpink.com reddishpink publishing | web | design | consultancyPage 04
  5. 5. Institute of Directors Scotland: Autumn 2010 IOD INFORMATIONKeeping in touch: A coupleof things to remember... Wherever your work takes you... the IoD would like to keep in touch via email... ... that way we can make sure you know first about all our events and members’ services... ...so please make sure we have your up-to-date email address. Email IoD Scotland’s admin team at iod.scotland@iod.com with your current details, and we’ll make sure you don’t miss out on the latest news... ... wherever you are! New: IoD And bookmark podcasts on us online! leadership Check out our ON LINE NOW: See the IoD enhanced website: Scotland website for podcasts on leadership. www.iodscotland.com IoD Scotland chairman Raymond O’Hare talks to Including - some of our most respected business people on the role • Comprehensive details of leaders have to play in their IoD Scotland events organisations. The series kicks off with Sir • Our services to you: what Sandy Crombie, former chief membership means executive of Standard Life and now a non-executive • Training and director director for RBS. development Go to www. • News, views iodscotland.com now to hear his and opinions fascinating and • Book online for all thought- provoking events and courses views. Page 05
  6. 6. NEWS Institute of Directors Scotland: Autumn 2010Tell the world your success,IoD chief urges AberdeenCoalition on right track but more needs to be done on relaxing regulationsIOD DIRECTOR GENERAL Miles Templeman over international confidence and the scale and through difficult decisions better than a singleurged Aberdeen to do more to promote its impact of the anticipated public sector cuts. But party administration could.value to the UK economy during a visit to the he stressed: “It’s important not to be too “In terms of direction, we are strongly behindcity at the start of September. pessimistic. I don’t see evidence of the ‘double what the Government is trying to do. They seem Mr Templeman told an IoD lunch that he dip’ recession.” to be non-ideological and are looking at thethought the city was not as appreciated The economy was also not being helped by issues on a case-by-case basis. They also seemelsewhere in the UK as it should be, but that skills shortages, which he acknowledged was a to understand that success lies in businessperhaps some of the fault for that lay with the particular problem in Aberdeen. We have to strength,” he said.city itself, for not doing enough in stating the recognise that 40 per cent of children leave The depth of the coming public spendingvalue of its role. school with no qualifications: that was a statistic cuts would change the whole structure of the The city had made an immediate impact on that had to be challenged. UK public sector, he admitted, and it would behim, he said: “I’m already impressed with the He was keen to see British businesses take the painful, but putting off taking the painfulambition of Aberdeen. I had not appreciated initiative more and look to export. “British medicine will only delay recovery. It was nohow strongly it wants to be the centre of all industry has got to drive forward and take the good preserving jobs artificially.types of energy production. The city needs to opportunities that exist overseas,” he said. The Government had not got everythingtell Britain and Europe of that ambition.” Turning to the political scene, he said that at right, however, particularly on the regulatory He was keen to learn as much as he could first there was concern over the burden. A commission must be set up to look atabout the city and its ambitions during his creation of a the issue, he said, but there had been littlevisit, particularly in the development of coalition movement on this issue thus far. He highlightedrenewable energy. “I’m here to get a government. the problems of infrastructure planning. In thedetailed understanding so that I can However, “so far time it took Britain to approve Terminal 5 atspeak about these issues with ministers.” so good”. The Heathrow, China had built 400 airports, he said. During his address, Mr Templeman gave coalition is “I am not yet convinced Governmenthis assessment on the current economic working well, understands how much of an issue planning ispicture as well as the IoD’s early reaction and has the to business,” he said, but he knew thatto the new Government. On the potential to Aberdeen’s business community fullyeconomy, he believed we were drive understood its significance: “I have already seenbumping along the bottom a the issues of transport around Aberdeen”, helittle, but his perception was said.that Aberdeen was He ended by pointing out the differenceperforming better than between business and government. “At the endthe rest of the country. of a board meeting you may feel good because Elsewhere, he said, “I get you have a strategy, but business knowsa strong impression of strategy is just a beginning. Government seesalmost a pause in the the strategy as the achievement. We need to seeeconomy. Companies that Government focusing on delivery.”were talking about slow Most of what we want from Government isgrowth are now in a static less, he said: Less intervention, less regulation,position.” As he travelled less interference and more consistency of policy.round the country therewas a general impression Talking points: Pictured outside the Marinethat it is too early yet to Operations Centre at Aberdeen Harbour are (frompush forward. left) David Watt; Cameron Ramsay, the new A number of factors chairman of IoD Aberdeen; Colin Parker ofwere holding the economy Aberdeen Harbour Board; Miles Templeman andback, including concerns Mike Bowyer, IoD Aberdeen’s deputy chairman Book your tickets now for the IoD Scotland Conference 2010 Inspiring leadership – making the difference Cameron House on Loch Lomond • 29 October • See page 29 for more details Register online at www.iodscotland.comPage 06
  7. 7. Institute of Directors Scotland: Autumn 2010 FEATURE ON: REGISTERS OF SCOTLANDThe Registers of Scotland is exporting its expertise in property and land registration around the world, helpingfledgling and troubled nations gain confidence in their own systems and providing economic stabilityR EGISTERS of Scotland (RoS) is well- known for its role in safeguarding records relating to property and land ownership in Scotland. What Scotland happy to export the wisdomis less publicised is the other life-changingwork the organisation undertakes, includingconsultancy on an international level. RoS became a Trading Fund in 1996 and is aself-financing, commercially-focused of its Registersorganisation, providing customer-centricservices at no cost to the public purse. RoS’sincome comes from its registration andinformation provision work and is largelydependent on the economicclimate and the buoyancy of theproperty market. Scotland is a world-leader indeveloping systems forrecording land ownership andland transactions, with aheritage dating back to the 12thcentury. This experience isbeing put to good use by RoS’sInternational Consultancy Group(ICG), which has been appointedby governments, especially indeveloping countries, toimprove their landadministration processes. The ICG manages all forms ofinternational liaison for RoS,such as general visits fromrepresentatives from other landregistration organisations,approaches from organisationsand individuals for information Helping hand: A symbol of the fledglingabout the Scottish system of to reduce poverty. Kosovan nation, Newborn. RoS has played aland registration, and requests for support for Kenny Crawford added: “Developing vital part in helping Kosovo establish a stableinternational project activities or, more recently, countries which are building new land climate for land and property registrationleading international projects. information systems have the benefit of not Kenny Crawford, head of commercial services being restricted by existing systems, and can campaign on First Registration activities and toat RoS, commented: “We began developing an therefore implement optimal solutions from the mobilise support for the implementation ofinternational expertise in land law and very beginning. This is where RoS can use its government reform of the Immovable Propertyregistration in the 1990s and believe we are at experience and expertise to help build these Registration Office (IPRO), the equivalent of thethe forefront of land registration practice. In systems.” Registers of Scotland in Albania.1996, we were appointed advisors to the Isle of RoS is currently undertaking projects in the Kosovo: In 2010, RoS started working withMan Government in relation to the following countries: the Kosovo Cadastral Agency (KCA) to assistcomputerisation of its land registration Malawi: The Republic of Malawi and with an awareness campaign to improveactivities. Since then, the ICG has been involved Scotland have long-standing ties of friendship communication both internally between KCAin numerous land administration projects and in 2005, the governments of Malawi and and municipal cadastral offices and externally,worldwide, where we provide a variety of Scotland entered into a Co-operation between the cadastral authorities and theexpertise to such projects.” Agreement. RoS is collaborating with the general public in Kosovo. This is funded by the Land is the ultimate resource and its role in a Malawi Government to deliver improvements World Bank.national economy is hugely important but not for the Ministry of Lands. This partnership has Uganda: RoS is working on the projectalways obvious. Without secure land rights, the added benefit of identifying opportunities ‘Design, Supply, Installation andthere is no commitment to sustainable for RoS employees to develop their skills and Implementation of the Land Information Systemdevelopment, as there will be little willingness experience through deployment of their and Securing of Land Records’. RoS willor confidence to make long-term investments. expertise on various projects relating to land specifically provide the study tour element of The question of liquidity and mortgaging of administration in Malawi. This project is part- the project, including the evolution of theland and real estate assets is imperative to funded by the World Bank’s Business registers, IT, HR, business planning, andaddressing poverty, financial and capital market Environment Strengthening Technical management at enterprise level, etc.development and large-scale economic growth Assistance Programme. In addition to these specific projects, the ICGand stability. For many people, personal Additional co-ordination of the project is has also been actively involved in hosting studyownership of a house, apartment or land plot is being provided by a registered charity, visits and supplying training services in both theone of the most valuable assets they can hold. Challenges Worldwide, which offers UK and abroad. RoS has hosted visits from landDeveloping efficient land administration, opportunities for individuals to volunteer to administration officials from many countriesredistribution and reform policies, which place work in developing countries. around the world, including China, Kenya,the rights to land and water in the hands of Albania: RoS has been working as part of a Lithuania, Namibia, Russia, Thailand, Iraq andordinary people, can provide security and help consortium to complete a public awareness the Ukraine. Page 07
  8. 8. DIRECTORIAL DEVELOPMENT Institute of Directors Scotland: Autumn 2010Directors: it’s time to takethe lead in all that you do “by Michael Fass Leaders provide time for their vision to catch on (the most oftenWE EACH have our own personal cited reason for the failure of so-favourite leaders who we most called change processes is the lack ofadmire, but there are precious few of time and resources to embed them).them! There are far more that we do Leaders encourage criticism of theirnot admire and in the period we are proposals and listen and learn from Leaders require an inner strength thatgoing through at present, there are them while holding to their course. does not need to prove anything todefinitely some leaders of the past Leaders need regular time off forthat we would prefer to forget about. refreshment (my colleague at the IoD, anyone and an active willingness to help However, directors have the Mike Willis, says that only 12 per cent others achieve their best and receive theresponsibility to lead forward the of ideas for making progress come toorganisation in which they are set. If them while leaders are at work). accolades and rewards that they deserve.the directors are not doing so, then Continual engagement with thewho is? culture of the organisation and being Leadership is about presence alongside customers enables leaders(Senge, 2005) not power, stature not to prepare themselves to take thestatus and character not charm. An next steps in the development ofeffective leader is one who is as their organisation.concerned with relationships as he or The best leaders know how toshe is with outcomes, exercises the bring out the best in others, not thevirtue of self-control and patience worst! They are able to inspire otherswith others as much as making to achieve great things and theyprogress, and actively encourages the know when to be up-front and wheninitiative of others – despite the fact to get out of the way.that, from time to time, this will Finally, leaders need to have ainevitably lead to mistakes. At such a measure of self-belief so that othersjuncture, the leader doesn’t then will decide to follow them becausepoint the finger and lay the blame. these others believe that they know Leaders require an inner strength what they are doing and where theythat does not need to prove anything are going.to anyone and an active willingness How are we doing?to help others achieve their best andreceive the accolades and rewardsthat they deserve. © Michael Fass 2010. Michael is Leaders know ahead of time that responsible for the personal andthe wheels sometimes will come off professional support andthe best laid plans and have fall-back development services of thepositions so that their organisation Institute of Directors Scotland. Hewill not be destroyed. The ability to can be contacted on any matter tospot potentially successful emergent do with directorial development onstrategies requires significant risk- 0777 4740423. or viataking. michaelfass@iod.com DIRECTOR TRAINING: The Role of the Non-Executive DirectorDate: Thursday, November 18 directors contributing to corporate goals. many boards on strategy and performance. AVenue: Royal Scots Club, 29 Abercromby Place, The course will cover: graduate in economics, he worked in marketing Edinburgh, EH3 6QE, • Clarification of how and why non-executive with Reckitt & Colman and the ElectronicsTime: 9:15am and finishing at 16:30, with a directors can strengthen a board Rental Group and served as head of corporate break for lunch between 13:00-13:45 • How best to secure an appointment as a services with the SDA before returning toCost: £355 + VAT non-executive director industry in 1990 where he was CEO of a global • Clarification of the contribution that non- electronics company. Mike has lectured The RoleTHIS one-day course will help you to be an even executive directors can make to the board of the Company Director and The Role of the Non-more effective non-executive director of the • An outline of the duties and responsibilities Executive Director on the IoD’s Companyboard. It will outline the specific legal and of a non-executive director Direction programme for the past seven years.corporate responsibilities of a non-executive • Clarification of the qualities and experiencesdirector and ensure that you have a renewed needed to a NED appointmentappreciation of your fiduciary duties. • Provision of an overview of the Combined HOW TO BOOK: The course is intended for individuals who are Code and Higgs Report Contact IoD Scotland on 0131 557 5488 orcurrently non-executive directors; those seeking • An appreciation for appropriate methods for director.scotland@iod.coman appointment as a non-executive director and finding, selecting, appointing and rewarding For more information, see www.iod.com orthose looking to appoint a non-executive non-executive directors. www.iodscotland.com, or call 0131 524 9890,director. The course will appeal to all those who The course will be led by Michael Willis. see www.scottishdirector.com or emailwish to become high-performing non-executive Michael is a business advisor and consultant to director.scotland@iod.comPage 08
  9. 9. THE SCOTTISH DIRECTOR DEVELOPMENT CENTREEXECUTIVE COACHING AND MENTORINGSupport from respected, senior, business practitionersWHAT WE DO… WHAT WE WON’T DO…The Scottish Director Development Centre supports But there are some things we won’t do. You won’tdirectors and senior managers in their work to enhance get an inexperienced coach/mentor and you won’tperformance, business achievement and success. Our get someone upon whom you become dependentExecutive Coaching and Mentoring Service is one of the in the longer term.tools we provide to support you in your role. Our qualified coaches and mentors are all wellIndividuals may wish to: respected business and corporate practitioners with� Increase confidence a wide experience and knowledge across a variety of� Set clear personal outcomes business sectors, industries and roles. Their task is� Improve decision making to coach/mentor you with particular issues in mind,� Reduce stress and then step back to let you get on with it!� Lift performance� Gain creativity� Increase credibility� Solve a specific business issue “Coaching gave me a chance to speak myOrganisations may wish to: mind, voice my concerns and bounce ideas”� Retain key people CEO, Fish Processing� Improve staff management skills� Reduce conflict “The coaching has shown me the value of� Support high flyers� Increase Director/senior manager commitment talking to someone from outside the business on a confidential basis. I now feel more Executive Coaching & Mentoring� Challenge traditional thinking confident, with a more structured approach” Managing Director, Aggregates “Coaching has been useful in getting me to reflect on issues … It makes me take time out to think about what I’m doing – and can flag up issues I may not be addressing. It’s good to discuss with someone who understands business – and who comes up with some different ideas.” CEO, Housing Association Tel: 0131 524 9890 director.scotland@iod.com
  10. 10. SKILLS Institute of Directors Scotland: Autumn 2010IoD joins art school to designtrail-blazing training packageCreating cultures of innovationthrough creativity and design:The Glasgow School of Art andthe Institute of DirectorsIOD SCOTLAND has teamed up with theworld-renowned Glasgow School of Art toproduce an innovative training programmethat it is hoped will create a new wave offlexible business leaders. The programme will address skillsutilisation through transformational learningwith leaders and managers in applyingcreativity through design. The focus will beon training leaders how to use theknowledge and expertise of their workforcein applied creative projects which have thebenefit of generating innovations for thebusiness or service. Through collaborative creativity processesand methods, we will look to create ‘T-shaped’ thinkers who can use their skillsflexibly and integrate them optimally with • to create a culture of creative or markets, and initiate the changeothers across a range of projects. collaboration and innovation, evidenced towards an enhanced culture of This approach addresses the challenge in compelling ideas for new products, collaboration and creativity in theiridentified in the New Horizons report from services or markets. organisations.the Joint Future Thinking Taskforce on The project will use Glasgow School This output will be designed so that itUniversities, which states that “the nature of of Art’s expertise in creativity, design can be applied across all of Scotland’sskills that are needed in a knowledge and innovation, together with the key sectors, and will be applicable ineconomy is changing: a premium is being knowledge and expertise of Institute of both business and service organisations.placed on creativity, flexibility, adaptive Directors’ membership, to create a We have had the benefit of workingcapacity and the ability to work in complex leading-edge training package for with Skills Development Scotland, forteams across disciplines”. leaders, which will enable them to example, to apply design thinking in Our proposal is a means of utilising skills understand and apply design thinking their service provision. We believe thatto best effect: in the individual and collective in their organisation in a customer- this approach – of using the designdevelopment of the workforce, to create focused process that encourages process as an applied tool forhigher value innovations, increase innovation. synthesising multiple inputs to achieveproductivity through better collaboration, The goal is to enable leaders to better a common goal – will achieve the SFC’sand to generate value for businesses and deploy existing skills, creativity and goals of improving the utilisation ofservices in Scotland. talent in their workforce. This approach skills and enhancing innovation The overall objective for businesses is to has several advantages: it places high capability in the workforce.create a ‘culture of innovation’ in which The project will also identify areas tocreativity is a collective skill embedded in What’s T-shaped thinking? embed the thinking in boththe organisation. In other words, it is ‘T-shaped’ individuals are those possessing undergraduate and postgraduateassumed that while there is a marginal depth of skill (signified by the vertical stroke of education in Scotland with partners inbenefit for a company in creating a single the ‘T’) as well as a collaborative personality creativity and design, businessinnovation, there is an overall general (represented by the horizontal bar). Their management, and service innovation.benefit for a company to create the The Glasgow School of Art will in-depth knowledge allows them tocapability for sustainable innovation. To collaborate with the University ofachieve this, we propose to work participate effectively in the creative process. Glasgow and other partners to developcollaboratively with industry leaders Their co-operativeness requires (a) empathy new Masters courses, pathways andthrough the Institute of Directors to explain and (b) enthusiasm for other people’s work. programmes in this area.how creative thinking and design processes Scotland has a long tradition ofcan be integrated in organisations to value on employees and their potential, invention and innovation, placing us in aimprove productivity in areas key to the it uses leadership creatively and strong position to work together tofuture success of the business: effectively, and is well suited to creating create the capability within our • to achieve a fuller integration and an innovative workplace within the businesses, our society and ouroptimisation of skills in the workplace constraints of the current economic economy for sustainable innovation. • to train high level leaders in the context. In addition, we will develop ‘Creating Cultures of Innovation’ isunderstanding and application of creative training courses so that leaders can supported by the Scottish Fundingprocesses apply this thinking in actual projects in Council and forms part of the Scottish • to enhance the creative capability of the order to embed the thinking in practice, Government’s strategy for Skillsworkforce achieve innovation in products, services Utilisation.Page 10
  11. 11. Institute of Directors Scotland: Autumn 2010 FINANCE MATTERSRelief on its way for thoseshowing a little enterpriseT HE Enterprise Investment Scheme (EIS) was launched to assist unlisted UK trading companies seeking financial backing. Provided EISinvestors satisfy various conditions, they canclaim a range of tax reliefs both on their initialsubscription and on any future sale of the EIS In the current constrained lending environment,shares. The recent increases to both income securing affordable finance to fund futuretax and capital gains tax have increased thevalue of the EIS tax reliefs set out below: development and expansion plans can be problematic. Fiona Donaldson, of Income Tax Relief: An income tax credit of Springfords Chartered Accountants, takesup to 20 per cent is available on the first a look at the Enterprise Investment Scheme£500,000 of qualifying subscription in new as one possible route to achieve this.shares of an EIS company. Capital Gains Tax (CGT) Exemption: EISshares held for a minimum three-year periodcan be sold free of capital gains tax, as long as investment is made, with a limited carry-back of sale, not the original owner who benefittedany income tax relief has not been previously against liabilities of the previous year. Any in the first instance.withdrawn. Should a capital loss arise on the surplus will be lost, so planning is therefore The recent Budget announced thatshares, it is reduced by any income tax relief required to obtain the maximum relief. The legislation is to be introduced which willgiven on the initial subscription and thereafter same applies when claiming a capital loss as prevent gains realised after June 22, 2010 fromcan be used to reduce capital gains tax an “income” loss. both being deferred under EIS and qualifyingelsewhere or “converted” into an income loss Claiming the income tax relief may simply for Entrepreneur’s Relief. Assuming that theto reduce income tax liabilities in the year the reduce a tax liability rather than producing an legislation is enacted as anticipated, investorsloss arose, or the previous year. actual refund, but either may also have the may therefore be faced with a choice of paying effect of reducing future payments on less tax now or more tax later. Capital Gains Tax Deferral: Chargeable account, producing a further cashflowgains arising on any asset can be “reinvested” advantage. The futureinto EIS shares, deferring the capital gains tax It is important to remember that in the case EIS remains a beneficial way for investmentsliability which would otherwise arise. The EIS of deferral relief, the capital gain is being to be made in UK businesses, providinginvestment must be made within one year deferred and not eradicated and will become funding for growing companies and a verybefore and three years after the gain arises. taxable when the EIS shares are sold in the attractive range of reliefs for the investor. future at the rate applying at that time (unless Income tax reliefs can directly reduce the Obtaining the reliefs the deferred gain is reinvested into further current and/or previous years’ tax cost, while To secure these reliefs, conditions must be qualifying investments). To secure the CGT the CGT reliefs may result in a tax-free disposalmet by both the company and the individual. exemption, which can, if the EIS company is a of the shares and the potential to ease cashIt is here that the legislation becomes complex success, be the most valuable relief, it is crucial flow difficulties by deferring a CGT liability.as the rules which determine whether a to be aware of when the three-year qualifying For more detailed advice on this or anycompany or an investor will qualify under the period ceases. other tax issues, please contact FionaEIS regime are notoriously rigorous. It can be EIS reliefs will be withdrawn if the investor Donaldson or Ian Haynes at Springfords onpossible to fall foul of these labyrinthine rules or company ceases to qualify for EIS status and 0131 440 5000.without even realising it. care should be taken to avoid any action or Alternatively, see www.springfords.com The main qualifying conditions for a activities on either part that could affect this.company revolve around its size and nature of Springfords recommend that regular reviewsthe trade, the amount to be raised (which are undertaken to ensure that the companymust be paid in cash) and how the and investors continue to be EIS compliant.subscriptions are to be spent. Spouses or civil partners can transfer EIS For the individual, the foremost concerns shares between them free of CGT and withoutare the level of their investment in the losing EIS reliefs. Interestingly, if the sharescompany, prior or current connections with subsequently cease to qualify for reliefs, anythe company, and the value they expect to disallowance of tax credits is made on thereceive from the business in return for their spouse/partner owning the shares at the timesubscription. “ This is an extremely simplified and verybasic overview of just part of the underlying Claiming the income tax relief may simply reduce a taxlegislation. Anyone aiming to qualify for EIS,whether as an investor or company owner, liability rather than producing an actual refund, but either mayshould take advice at the outset. also have the effect of reducing future payments on account, producing a further cashflow advantage”Using the reliefs The EIS income tax credit can be set onlyagainst income tax liabilities in the year the Page 11
  12. 12. EVENTS Institute of Directors Scotland: Autumn 2010 IoD Scotland Conference 2010 Cameron House on Loch Lomond • 29 OctoberInspiring leadership –making the difference W E’RE just over a month away from Gary Kildare is a Scot of truly global reach. As finding out just how the really IBM’s vice-president, human resources, for inspiring business leaders make a Americas, Europe and Asia Pacific, Gary is difference to their organisations – at the IoD accountable for 400,000 employees round the Scotland annual conference world. A confirmed ‘internationalist’, he has To be held at the stunning Cameron House on deep experience of major international business Loch Lomond – recently named the UK’s Hotel transformation, acquisitions, talent and change of the Year 2010 and a suitably inspiring location management and is interested in securing for this prestigious event – on October 29, the competitive business advantage through event will showcase the leadership talents of people. some of the country’s top business people, The third new speaker also has an IT including Lord Robert Smith, chairman of the background, Robert L McDowell, vice- organising committee of Glasgow 2014, the president, information worker business value, Weir Group and Scottish and Southern Energy; Microsoft Corp. Robert is dedicated to helping Bob Keiller, CEO of the global oil and gas customers maximise their use of current engineering company Production Services Microsoft Office technologies in ways that Network; and Peter Vardy, the chief executive of significantly add business value to their car retailer Peter Vardy Ltd. organisations. And to this impressive list we’ve recently Overall, our six speakers offer an impressive announced three more speakers, all of whom depth of experience across all business sectors. will bring their own considerable talents to bear In addition to the keynote addresses, the on our spotlight issue of how business leaders conference will also feature a number of can make the difference in post-recession workshops on themes connected to developing Conference Scotland. inspiring leadership, and a showcase of speakers: Sue Bruce, currently the chief executive of inspirational young people from the Prince’s Sue Bruce, Aberdeen City Council but soon to be taking up Scottish Youth Business Trust (PSYBT) with a Gary Kildare the same role with Edinburgh City Council, has a black tie dinner to round off proceedings at the and Robert challenging leadership role as she tries to end of the day. McDowell deliver high-quality services as the spending So join us at Cameron House on Loch cuts bite. Sue will offer an insight into how the Lomond to hear about the common person at the top can manage these demands denominator of all organisations that flourish, while keeping staff morale high and focused on no matter what the market conditions: truly service delivery. inspiring leadership. “As Scotland comes back from recession the spotlight is on those who inspire leadership, those who can and will make a difference to Scottish business and its economy. This year will be important for seeking opportunities, facing challenges, understanding change and moving forward in pursuit of new successes. Are you equipped to take your organisation forward? Come along to the IoD Scotland conference on Friday, 29 October and tap into a wealth of experience and knowledge from top business minds – not just ‘talkers’ but ‘do-ers’ David Watt, Executive Director, IoD Scotland Reserve your place now!Page 12
  13. 13. Institute of Directors Scotland: Autumn 2010 EVENTS “ The stunning Cameron House on Loch Lomond – recently named the UK’s Hotel of the Year 2010 – is a suitably inspiring location for this prestigious event... Event: IoD Scotland Conference 2010 Conference Venue: Cameron House on Loch Lomond speakers: Date: Friday, October 29 Already Time: Conference begins at 10am, concluding 5pm confirmed to Conference dinner begins at 7pm with pre-dinner drinks speak at the conference Concludes at 11pm are Lord Cost: Conference Robert Smith, Full delegate (24hr) * – member £385.00 + VAT Peter Vardy Full delegate (24hr) * – non-member £435.00 + VAT and Bob Day≠ delegate – member £205.00 + VAT Keiller Day≠ delegate – non-member £235.00 + VAT * 24hr delegate rate includes full day attendance, conference lunch, conference dinner and overnight accommodation on Friday, 29 October ≠ Day delegate rate includes full day attendance and conference lunch. Excludes accommodation and dinner. Conference dinner only Member £105.00 + VAT Non-member £125.00 + VATOur guest speakersOUR pre-dinner speaker will be Michael Russell MSP, OUR post-dinner entertainment will be provided byCabinet Secretary for Education and Lifelong Learning. John Lenahan, an American entertainer who has A graduate of Edinburgh University, Michael worked become a popular and well-established star in the UK.in the media from 1974 to 1992. He joined the Scottish Hailed by The Guardian as “the mascot of a magicalNational Party in 1974 and held a number of senior renaissance” , he was thrown out of the Magic Circle forparty posts before becoming the party’s first full time revealing the secret behind a card trick used by conChief Executive in 1994. artists to fleece unsuspecting victims. He was elected to the Scottish Parliament in 1999 as John starred in BBC’s Secrets of Magic and hosted hisa Regional Member for the South of Scotland. In 2004 own BBC2 series, Stuff The White Rabbit. Other creditshe stood for the leadership of the SNP. include presenting the travelogue Open Road and Mr Russell lost his seat in 2003 and returned to a appearances on How Do They Do That?, TFI Friday andmedia career but was re-elected for the same region in Richard & Judy. He also fronted ITV’s HoaxBusters, again2007. Before his current post he was Minister for lifting the lid on scams, and has toured the worldEnvironment, followed by Minister for Culture, External supporting the likes of Victoria Wood, Lenny HenryAffairs and the Constitution until 2009 when he was and Jack Dee with his finely honed corporate cabaretappointed Education Secretary. act. He is the author of seven books including one novel,has one son and lives with his wife in rural Argyll.To book:See the booking form included in this issue... or book online at www.iod.com/scotland ... or for furtherdetails, contact the event organisers, First City Events (Scotland) Ltd on 07721 530115 or 07711 432745to reserve your place. Alternatively, call the IoD head office on 0131 557 5488. Page 13
  14. 14. EVENTS Institute of Directors Scotland: Autumn 2010 Breaking down the doors to the boardroom IOD SCOTLAND is hosting an all-day This is the third year that IoD Scotland has Event: Women into the Boardroom conference which aims to help break down Venue: George Hotel, George St, run a conference focusing on women in some of the barriers preventing the Edinburgh business. Discussion points for this year‘s country’s top female business leaders from Date: Thursday, September 30 event include women leaders in large taking their rightful places in the corporate businesses, leading a corporate boardrooms of our biggest businesses. Time: 8.30am - 2pm portfolio career, the public boardroom and Just 12 per cent of the current FTSE 100 Price: £60 + VAT (members), promoting your own image: what do you have female board members – a figure which £70 + VAT (non-members) want people to say about you? is reflected in Scotland’s top private and public Book: Call IoD Scotland on Speakers include Jann Brown of Cairn sector institutions, too. Clearly this suggests 0131 557 5488 or Energy, Jane Wood from Scottish Business in women are woefully under-represented in UK email iod.scotland@iod.com the Community, Linda O’Donoghue, IBM, and boardrooms, so on September 30, at the or book online at Karen Carlton, the Commissioner for Public George Hotel, Edinburgh, IoD Scotland is www.iod.com/scotland Appointments in Scotland. Caroline looking to put this right. Donaldson and Lorna Hudson from Individual We’ve pulled together an impressive line-up Caroline Donaldson, a founding director of Impact will facilitate workshops during the of leading female executives to shed some business consultants Kynesis, commented: “All day, focusing on specific issues. light on the challenges facing women in too often there are too few women in the After researching delegates’ views from business, and by the end of the day we hope pipeline gaining the experience needed in previous conferences, this year’s event will be to have inspired delegates to re-focus their executive roles. We need to be more proactive more interactive, with extra time built into the efforts in tackling this inequitable split in the in the recruitment process, and although there schedule to allow more general discussion boardrooms of Scotland’s businesses. are a number of voluntary initiatives over issues raised during the day and an One of the conference workshop facilitators, underway, it seems more has to be done.” extended Q & A session with the speakers. Karen Carlton Conference speakers: Jann Brown Mrs Linda O’Donoghue Finance director, Cairn Energy PLC Director, IBM, and Greenock Site Executive Jann Brown is both the finance director of Cairn Energy PLC and sits as a non-executive Linda O’Donoghue joined IBM in director on the Cairn India board and is SID 1988 as a sponsored CIMA on the board of Hansen Transmissions Jann Brown (Chartered Institute of International, an engineering company listed Management Accountants) in London. As such she is well acquainted Karen Carlton student. with the airports between the UK and the Her first management position, after Commissioner, Public Appointments rest of the world. qualifying with CIMA, was financial services She is one of a handful of female finance in Scotland manager in 1993, followed by further finance directors of FTSE listed companies having management roles. taken on the role at Cairn in November 2006 Karen’s career spans both the public and Linda moved from finance in 2003 to take eight years after she joined the company. private sectors in the UK and abroad. Her up the position of project manager, contact Jann is an all-round finance professional with early years were spent in the health service centre optimisation where she was the lead experience of operational and corporate and the hospitality industry before moving project manager for Europe, formulating accounting, taxation, planning and to Australia where she worked for the strategy IBM’s contact centres in Europe, negotiating transactions, raising finance and Victoria Government during the creation of Middle East and Africa (EMEA). dealing with external stakeholders - its industry training commissions. On her In 2004 Linda became project manager, governments, their agencies, shareholders, return to Scotland Karen worked in a business growth initiative which focused on analysts and the banking community. number of senior HR roles, including as the the commercialisation of IBM’s integrated The finance function in Cairn is very much first director of Investors in People Scotland. supply chain across EMEA. a team that aims at all times to work with Karen then became MD of an organisation 2007 saw Linda take executive senior management in leading cross-cultural development company, before setting up responsibility for the solutioning and service and cross-functional teams to achieve her own business providing HR and delivery for all business transformation results. This approach paid dividends in organisation development services. As part outsourcing supply chain management 2008 when the Company received the of her portfolio, she became an independent clients in EMEA. Accountancy Age 2008 Finance Team of the assessor monitoring Scotland’s public In March 2010, Linda took on the Year Award. appointments process. She was appointed additional role of Greenock Site Executive, Jann holds an MA from Edinburgh Commissioner in June 2004. the first time a woman has held that position University and joined Cairn in 1998 after a This role is part-time; she is also a member in its 60-year history. career in accountancy. She is a member of of the appointments panel for the BBC Linda is also the Scottish Leader for IBM’s the Chartered Institute of Taxation and sits Audience Council and is a NED of the gender diversity focus groups, Connecting on the Council of the Institute of Chartered Broadcast Training and Skills Regulator and Women@IBM initiative. Accountants of Scotland. the Royal Zoological Society of Scotland. Linda is married with two sons.Page 14
  15. 15. Institute of Directors Scotland: Autumn 2010 EVENTSConference speakers: Events diary IoD Scotland Golf Challenge 2010 Date: Friday, 24 September 2010 Time: First tee-off 1:30 p.m. Venue: Ladybank Golf Course Cost: £70.00 + VAT IoD Scotland invites you to enjoy an afternoon of golf at the glorious Ladybank Golf Club and to compete for our three trophies. The golf competitions include the inter- regional Golf Challenge for the Ian Stevenson Trophy, as well as individual competitions for the Corporate Risk Trophy and the Bowring Trophy - the individual stableford and scratch Jane Wood, Chief executive, competitions. Ladybank was a final qualifying venue for Scottish Business this year’s Open and is widely regarded as one in the Community of Scotland’s top courses. First tee-off time is 1:30 pm. We start Speaker: Gavin Hastings An experienced and high-level strategist proceedings with a soup-and-a-roll lunch and communicator, Jane has worked with from 12:15 before the golf, and end with a the performance of your business from the both national and local governments on two-course meal to end the day at approx varied experiences of the co-founders of developing public/private sector 6pm followed by a presentation of prizes. The Positive Leadership Limited, Graham Watson partnerships in the areas of regeneration, fee covers the cost of both meals and the and rugby legend Gavin Hastings OBE. For community asset management, retail-led prizes. this unique event they will joined by a special regeneration and corporate responsibility. This is a fun event played in a convivial guest, former England rugby star and current Previously head of corporate affairs for atmosphere with pleasant company and, coach of Scotland, Andy Robinson. Scotland and Northern Ireland for Alliance hopefully, under fair skies - well worth a day Positive Leadership Limited (www. Boots, Jane is also chair of Essential out with business colleagues. When booking, positiveleadership.co.uk) has developed a Edinburgh, Scotland’s largest Business please inform us of all handicaps. proprietary leadership strategy which Improvement District, and the founder of optimises the performance and presence of Retail Rocks, a private/public sector retail- How to Book: leaders throughout an organisation and the led regeneration model. Contact IoD Scotland on 0131 557 5488 or results of the organisation, even under She is a member of the CBI Scotland iod.scotland@iod.com. Alternatively, see the pressure. The Positive Leadership strategy is Council, member of the First Ministers booking form included in this issue or book supported by international best practice in National Economic Forum, Board director online at www.iod.com/scotland or see www. leadership theory and application, business of Institute of Directors Scotland, and iodscotland.com and corporate finance strategy and the high- member of the Ministerial 20:20 Climate performance environment of elite sport. Change Delivery Group. Prior to Alliance Lessons from Optimal performance is achieved by aligning your business strategy with the Boots, Jane worked as the Scottish director of one of Europe’s largest public affairs the Six Nations values of Positive Leadership. A strategy consultancies, and as a marketing director Living leadership values, even under begins and ends with values - a prioritised for a major retail and commercial property pressure, to achieve desired results: listing of what is important to you. Once you developer. Jane is also a governor of know what you value as a leader, you can set Pitlochry Festival Theatre. Date: Tuesday, 28 September goals to help you bring about end results that Jane, who was educated abroad and in Time: 7am - 9am are aligned with your values. St. Andrews, has a keen interest in the arts. Venue: Apex Hotel, 27 Waterloo Place, This breakfast event will show you what She has four children and lives in East Edinburgh, EH1 3BH sets winners apart in business as well as in Lothian with her husband, Scottish Cost: £40 + VAT members; sport. contemporary artist, Christopher Wood £45 + VAT non members See page 26 for more on this. RSW. The Institute of Directors would like to invite you to attend a unique breakfast seminar facilitated by one of Scotland’s all-time rugby How to book: Book online greats... Values + Strategy = Results. This is Positive This event is being managed by Sandra Light and Gillian Rose of Cognito Events. To book Reserve your place at the Women into Leadership(TM). your place, email Gillian@cognito-events.com. the Boardroom conference, at Hear about how you can apply this simple Alternatively, please call 0141 639 0708 for but highly effective formula to help improve more information. www.iod.com/scotland or call 0131 557 5488 More events – turn over to p16 » » Page 15
  16. 16. EVENTS DIARY Institute of Directors Scotland: Autumn 2010 The wind of change in energy production Lunch with Steve Remp, Chairman, SeaEnergy PLC: Refocusing from oil and gas to offshore renewables Date: Thursday, 28 October Venue: Royal Northern University Club, 9 Albyn Place, Aberdeen Time: 12.15 pm - 2.00 pm Price: £25 + VAT Members, £30 + VAT Non members Under the executive chairmanship of experience of SeaEnergy will be of Steve Remp, Ramco Energy plc has great interest to members and relaunched itself as SeaEnergy PLC, guests. reflecting the board’s commitment to Steve Remp came to Scotland in exit oil and gas investments and 1971 and in 1977 he founded Ramco. focus purely on offshore renewables. Steve was educated in Europe and Through its 80 per cent subsidiary the US, obtaining a BA in Economics SeaEnergy Renewables Limited, from Claremont College in California SeaEnergy has interests in three UK and an MA in International Economics offshore wind farm sites, in joint from the School of Advanced ventures with major companies such International Studies, Johns Hopkins as SSE Renewables and EDPR. The University. group has also signed a heads of terms agreement to access offshore HOW TO BOOK wind farm projects in Taiwan. Given Contact Kathy Matthew at recent announcements about the KAMatthew@paull-williamsons.co.uk, enormous potential for marine call 01224 621 621 or at renewables, this insight into the www.iod.com /scotlandIncorporation of partnerships Is your business making the Innovation: Staying aheadand businesses - are you in? ‘knowledge connection’? of the curveDate: Wednesday, 13 October Date: Thursday, 21 October Date: Wednesday,17 NovemberTime: 8.15am to 9.30am Time: 6pm - 8.30pm Time: From 6pmVenue: Davidson Chalmers, 12 Hope Street, Venue: Inspace, 1 Crichton Street, Edinburgh Venue: The Apex Hotel on Waterloo Place Edinburgh EH2 4DB Cost: Free Cost: £35 + VAT members,Price: FREE event £40 + VAT non-members Partnerships with Scotland’s world-renownedWith the top rate of personal income tax set universities and research institutes can deliver In tough times like these, only companiesto rise to 50 per cent, more and more a range of business benefits, by driving new who are nimble, resourceful and above all,partnerships and sole traders are looking to innovations, impacting on the bottom line innovative, will survive and thrive.the merits of incorporating their business as a and helping to ensure Scottish companies are IOD Edinburgh has brought together alimited company. Professional firms in at the top of their game and staying ahead of panel who can offer practical examples andparticular have been quick to respond to the the competition in a global marketplace. experience of how their very differentthreat of higher taxes but there is no reason Interface - the knowledge connection for organisations have done this.why the owners of other trading businesses business will host a reception at The The keynote speaker will be Jack Perry,should not be asking themselves whether University of Edinburgh’s Inspace facility to former CEO of Scottish Enterprise. He will laythey too could benefit from incorporation. offer IoD members an insight into the down his blueprint for successful business This seminar will examine the tax savings possibilities open to them through and argue that innovation is not just aboutthat incorporation could bring, consider the partnerships with academia. new ideas, but thinking creatively aboutpro’s and con’s of limited companies and look This complimentary event is an opportunity everything you do.at the process for transferring your existing for guests to visit one of Edinburgh’s most Craig Stirling of law firm Davidsonbusiness over to a new limited company. unique event spaces. Chalmers, will talk about an innovative new Presenting this seminar will be Donald Representatives from Nairns, Scottish & venture between his firm and world-leadingForsyth, partner at accountancy firm Scott Southern Energy and Shed Media will deliver Canadian company Stonecracker, while JoeMoncrieff and Stuart Duncan/Craig Stirling, short presentations on their experiences of Lockwood will discuss an exciting link-uppartners at Davidson Chalmers, Commercial collaborative working, to be followed by between the IoD and Glasgow School of ArtLawyers. All three have vast experience networking over wine and canapés. that aims to bridge that often tricky gapdealing with owner-managed businesses on a between artistic innovation and the market.range of issues, including the incorporation So if you want to stay ahead of the curve –of business. and the competition – this is an event for you. The event will be chaired by David Lee, former senior assistant editor of The Scotsman, and IoD Edinburgh networking at the Apex the event will includes drinks, canapés and IoD Edinburgh holds an informal networking evening on the first Thursday plenty of opportunities to network. of every month at the Apex Hotel, Waterloo Place, Edinburgh. There’s a complimentary glass of wine for all attendees, and the chance to chat through the latest issues of the day, business or otherwise, with To book on any one or all of these three events... fellow IoD members. Contact IoD Scotland on 0131 557 5488 or The emphasis is on informality, and there’s no need to book. Just turn up iod.scotland@iod.com. Alternatively, see the booking form and enjoy! The evenings run from 6-8pm, and the next one is on October 7. included in this issue or book online at www.iod.com/scotlandPage 16

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