Export Credits Guarantee Department

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Non-Executive Chair of ECGDs Management
Board Candidate Information Pack
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Export Credits Guarantee Department The UKs
Official Export Credit Agency
About ECGD

• The Export Credits Guarantee Department (ECGD) is
  based in London Docklands, near Canary Wharf.
• Established in 1919, ECGD was the worlds first
  Export Credit Agency (ECA).
• What does ECGD do?
• ECGD supports UK exporters of capital goods and
  services, and companies investing overseas, by
  providing
• insurance against payment risks under large
  export contracts
• guarantees for medium-term loans by banks to
  fund export contracts and
• insurance for UK firms investing overseas.
• ECGD works closely with exporters, project
  sponsors, banks and buyers to put together the
  right package of support for each contract. With
  90 years experience in new and developing markets
  across the world, ECGDs knowledge can help
  exporters in unfamiliar environments.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
About ECGD

• Why does ECGD exist?
• Most countries support their exporters with
  Government assistance. The ECAs of the OECD
  countries have agreed to regulate the provision
  of export credit support, so as to reduce the
  degree to which countries provide subsidies in
  giving support and so distort international
  trade. In addition, OECD ECAs have agreed that
  support for projects will not be given unless
  agreed standards on sustainable lending,
  environmental and social impacts, and bribery and
  corruption have been met.
• As a government department, ECGD helps to reduce
  business risks for exporters and investors and
  facilitates trade through the economic cycle.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
About ECGD

• How does ECGD operate?
• ECGD supports exports of capital/semi-capital
  goods and related services.
• ECGD complements, but does not compete with,
  the private markets.
• ECGD aims to operate at no net cost to
  taxpayer, by pricing to risk so as to meet its
  financial objectives set by agreement with HM
  Treasury.
• ECGD supports projects which meet the higher of
  domestic environmental standards in the importing
  country and international standards does not
  support contracts judged to have an adverse
  impact on the importing countrys debt
  sustainability and takes reasonable precautions
  to avoid giving support for those contracts that
  may be tainted by bribery.
• ECGD has a Management Board of Executive and
  Non-Executive Directors. It reports to the
  Secretary of State for Business, Innovation and
  Skills through the Minister for Trade, Investment
  and Business.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
About ECGD

• Who does ECGD support?
• The main demand for ECGD support comes from
• civil aircraft manufacturers and engine
  suppliers, led by Airbus and Rolls-Royce
• manufacturers and suppliers of capital plant
  and equipment
• providers of engineering services for
  hydrocarbon production and pipelines, and process
  plant projects, such as refineries, petrochemical
  or liquefied natural gas plants, or steel
  facilities
• infrastructure providers
• telecoms equipment suppliers and
• firms in the defence sector, led by BAE Systems.
• ECGDs Business Profile
• ECGD has supported 55 billion of business since
  1991.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
About ECGD

• ECGD in the current economy
• In New Industry, New Jobs of April 2009, the
  Government stated, in parallel to the
  Chancellors announcement in the Budget, that
  reviews would be undertaken
• By the summer, of what other support ECGD
  could provide to help exporters deal with the
  consequences of the current instability in
  financial markets.
• ECGD issued its final response on 7 August 2009
  following a public consultation on a new Letter
  of Credit Confirmation Guarantee product, which
  is to be introduced shortly. The Government is
  also investigating whether conditions in the
  trade credit insurance market merit an
  intervention in respect of exporters.
• By the autumn, of the existing and potential
  support offered by ECGD, and the ECGDs operating
  framework, with the aim of ensuring that the
  organisation can play a significant role in
  supporting UK exporters during the economic
  recovery.
• This is expected to identify the policy
  objectives that should be set for ECGD in future,
  and whether any constraints on meeting them
  should be modified, and, if so, to what degree.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Role Specification

• Responsibilities
• The key responsibilities of the role are to
• lead the Management Board so that it is
  effective in monitoring and advising on ECGDs
  implementation of its objectives and policies, on
  its strategy and business plans including those
  to be implemented following the current review of
  ECGDs role, and on providing advice and
  challenge to the executive team
• ensure that HM Treasury and the Shareholder
  Executive receive full and timely feedback on the
  organisations identification and response to
  strategic issues, its business and financial
  performance, its progress against plans, its
  implementation of its policies, and any other
  issues requiring their attention
• maintain the establishment and implementation
  of appropriate governance arrangements in line
  with best practice and the requirements of a
  public body
• ensure the maintenance of an effective board
  with an appropriate balance of skills and
  experience, including key appointments as
  required and
• actively contribute to the management of ECGDs
  stakeholders both in Whitehall and beyond, and
  represent ECGD as appropriate with exporters and
  and industry.
• The Non-Executive Chair would also be expected to
  be a source of personal advice and support on
  business issues to the Chief Executive.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Person Specification

• Skills and Experience
• Essential
• An outstanding record of business leadership
  and organisational development at Board-level or
  equivalent
• A record of achievement in a Non-Executive
  Director role
• A keen awareness of credit risk issues
• Excellent inter-personal skills, including the
  ability to build effective team relationships
  with Management Board members and executives,
  Ministers, exporters and other stakeholders
• The ability to manage complex and challenging
  relationships at a senior level in a
  multi-stakeholder environment
• An understanding of the public sector context
  and an understanding of, and commitment to, the
  values of public service
• Good analytical skills and strong intellectual
  capability, with the capacity to think
  strategically and creatively
• Strong communication skills including the
  handling of the media and wider public audiences.
• Desirable
• Previous experience as a Non-Executive Chair
• Experience and understanding of internal trade
  and export markets (in particular capital goods
  exports).

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Person Specification

• The Non-Executive Chair will be expected to
  adhere to the standards set out in the Nolan
  Principles of Public Life
• Selflessness Holders of public office should
  take decisions solely in terms of the public
  interest. They should not do so in order to gain
  financial or other material benefits for
  themselves, their family, or their friends.
• Integrity Holders of public office should not
  place themselves under any financial or other
  obligation to outside individuals or
  organisations that might influence them in the
  performance of their official duties.
• Objectivity In carrying out public business,
  including making public appointments, awarding
  contracts, or recommending individuals for
  rewards and benefits, holders of public office
  should make choices on merit.
• Accountability Holders of public office are
  accountable for their decisions and actions to
  the public and must submit themselves to whatever
  scrutiny is appropriate to their office.
• Openness Holders of public office should be as
  open as possible about all the decisions and
  actions that they take. They should give reasons
  for their decisions and restrict information only
  when the wider public interest clearly demands.
• Honesty Holders of public office have a duty to
  declare any private interests relating to their
  public duties and to take steps to resolve any
  conflicts arising in a way that protects the
  public interests.
• Leadership Holders of public office should
  promote and support these principles by
  leadership and example.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Appointment Terms

• Appointment Status
• The Non-Executive Chair of ECGDs Management
  Board is not an employee of ECGD and as such will
  not be classed as a Civil Servant. The
  appointment will be on the basis of a contract
  for services, with the Non-Executive Chair
  position being considered as an Office-Holder.
• Length of Appointment
• Initial appointment of 3 years, with possible
  extension up to a maximum of 6 years.
• Fees
• 45,000 to 50,000 per annum, based on 24-36 days
  per annum and a rate of 1,000 per day.
• ECGD will also reimburse all reasonable expenses
  (including travel, subsistence and other
  expenses) properly and necessarily incurred in
  respect of the appointment.
• Conflicts of Interest
• The Non-Executive Chair must declare to ECGDs
  Chief Executive any personal or business interest
  which could give rise to a conflict of interest.
  The declaration should also cover relevant
  interests of their spouse or partner and/or close
  family.

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Export Credits Guarantee Department The UKs
Official Export Credit Agency
Application Process

• Eligibility
• This position is open to UK nationals,
  Commonwealth citizens and nationals of any of the
  member states of the European Economic Area
  (EEA).
• How do I apply?
• Korn Ferry Whitehead Mann is handling the
  recruitment process for this position. If you
  wish to apply please contact Rachael Overs de
  Araju for an Application Pack on 020 7024 9016
• What is the closing date?
• The closing date for applications is 12.00pm on
  Monday 12th October 2009.
• Equal Opportunities
• ECGD is an equal opportunities employer. We
  are committed to treating everyone fairly,
  irrespective of age, disability, gender, race,
  colour, nationality or ethnicity or national
  origin, marital status, sexual orientation,
  religion or religious affiliation, HIV status, or
  any other difference, such as experience, skills,
  background, education or culture. We strive to
  create a working environment in which everyone
  feels respected and valued.