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- Tasks: Join the Enterprise Board to shape London's transport future and advise on commercial strategies.
- Company: London Transport Museum is a charity under TfL, focused on innovative income generation.
- Benefits: Gain valuable experience in a high-profile environment while networking with industry leaders.
- Why this job: Be part of a dynamic team driving curiosity and sustainability in London's transport heritage.
- Qualifications: Leaders in customer insights, marketing, or fundraising with management experience are encouraged to apply.
- Other info: This is an unpaid role requiring a commitment of 10-20 days per year.
Enterprise Board Non-Executive Director – London Transport Museum
London Transport Museum – Enterprise Board Non-Executive Director (NED)
Help us to reach out and shape the future by igniting curiosity in London’s transport.
Enterprise Board NED positions (unpaid)
About Us
The Museum is a subsidiary company of TfL with charity status (charity no. 1123122). We have a trustee board of thirteen, three of which are nominated by TfL, nine are independent trustees and one is the Museum Director. The entrepreneurial strategy and activities of the Museum are vested in the Enterprise Board, a subsidiary trading company (company no.6495761) of LTM.
The Enterprise Board has a direct remit and responsibility to the LTM board of Trustees for the non-charitable trading activities of the Museum which include: retail, venue hire, filming and photography, Hidden London, experiences, catering, philanthropy, commercial sponsorships, and corporate memberships. It has broader responsibilities, having oversight and scrutiny of entrepreneurial activity and innovation across the organisation. This includes strategy and pricing of admissions, membership and other schemes, all aspects of fundraising, and any new innovation that has the potential to increase revenue to the charity. The Enterprise Board is our ‘curiosity engine’ and plays a key part in LTM’s income-generation and long-term sustainability.
About the Role
The duties of the Enterprise Board NED are:
- Review, challenge and advise on the commercial strategy.
- Advise on appropriate KPIs and Benchmarks.
- Review the annual business plans, budgets and forecasts of enterprise activities and recommend or otherwise these to the main Board for approval.
- Monitor performance and actions taken to mitigate shortfalls / take advantage of upside.
- Review risk register and mitigation.
- Review, challenge and advise on investment proposals / new business ideas / new systems (e.g CRM / ticketing) and recommend to the Main Board for approval as appropriate (e.g. if unbudgeted capital expenditure, new / unusual proposition).
- Involvement in the recruitment of the Enterprise Director.
The Enterprise Board does not have authority delegated by Main Board or the Finance Committee to approve budgets, investments etc – their role is to recommend or otherwise for approval.
In addition to the above duties, each NED should use their portfolio of specific skills, knowledge and experience to support the executive and assist the board to reach sound decisions. This may involve:
- Assisting the development of board papers and policies.
- Maintaining relationships with partners, stakeholders, donors and funders.
- Serving on board sub-committees or other task and finish groups.
- And generally acting as our ambassadors.
Time Commitment:
To fulfil the Non-Executive Director role, you will need to commit to 10-20 days per annum. The Board meets each quarter with an additional annual strategic away day with LTM Trustees. Non-Executive Directors are expected to meet the Chair and CEO from time to time, to be familiar with all museum activities and outreach events, and to deploy your skills and experience as appropriate. You will be a critical friend to the Museum and advocate its work to stakeholders and supporters at events such as the corporate members reception and annual fundraising dinner.
About You
In line with the requirements and recommendations from independent reviews of the Board’s effectiveness, we are seeking new Non-Executive Directors who have experience in any of the following areas:
Candidate requirements – skills, knowledge and experience:
- Customer insights, marketing and data management.
- Fundraising.
- Retail.
Candidates will:
- be leaders in their field in at least one of the three skills listed above (essential) .
- have proven experience at a management or executive level (essential) .
- be able to operate in a high profile, publicly accountable environment (essential) .
- be able to actively engage in decision making and to provide effective and robust challenge in a supportive way (essential) .
- provide analysis of reports submitted to the Board that will aid decision making process.
- have exceptional ambassadorial, interpersonal, advocacy and negotiating skills.
How to Apply
Applications received directly to TfL will not be considered and declined in this instance. Alternatively, please visit our microsite for further information and to apply online: Welcome (tflltmrecruitment.com)
For a confidential discussion, please contact Penna Executive Search: Pete John: or Zara Bruton:
The closing date for applications is Friday 6 December 2024. #J-18808-Ljbffr
Enterprise Board Non-Executive Director - London Transport Museum employer: TFL
Contact Detail:
TFL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Enterprise Board Non-Executive Director - London Transport Museum
✨Tip Number 1
Familiarize yourself with the London Transport Museum's mission and current initiatives. Understanding their entrepreneurial strategy will help you align your experience and insights with their goals during discussions.
✨Tip Number 2
Network with current or former Non-Executive Directors or board members of similar organizations. They can provide valuable insights into the role and expectations, which can help you tailor your approach.
✨Tip Number 3
Prepare to discuss specific examples from your past experiences that demonstrate your leadership in customer insights, marketing, or fundraising. Highlight how these experiences can contribute to the Museum's income-generation strategies.
✨Tip Number 4
Stay updated on trends in the museum sector, particularly around commercial activities and fundraising. Being knowledgeable about industry best practices will position you as a valuable asset to the Enterprise Board.
We think you need these skills to ace Enterprise Board Non-Executive Director - London Transport Museum
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Enterprise Board Non-Executive Director. Familiarize yourself with the Museum's mission and how your skills in customer insights, marketing, or fundraising can contribute.
Tailor Your CV: Highlight your leadership experience and specific skills relevant to the role. Emphasize any previous work in high-profile environments and your ability to engage in decision-making processes.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate why you are interested in this position and how your background aligns with the Museum's goals. Mention your ambassadorial skills and provide examples of how you've successfully navigated similar challenges.
Follow Application Instructions: Ensure that you apply through the specified microsite and not directly to TfL. Double-check that all required documents are included and that your application is submitted before the closing date.
How to prepare for a job interview at TFL
✨Understand the Museum's Mission
Familiarize yourself with the London Transport Museum's mission and values. Be prepared to discuss how your experience aligns with their goal of igniting curiosity in London's transport and how you can contribute to their entrepreneurial strategy.
✨Showcase Relevant Experience
Highlight your leadership experience in customer insights, marketing, or fundraising. Prepare specific examples that demonstrate your ability to operate in a high-profile environment and provide robust challenges in a supportive manner.
✨Prepare for Strategic Discussions
Be ready to engage in discussions about commercial strategies, KPIs, and risk management. Think about how you would approach reviewing business plans and making recommendations to the main board.
✨Emphasize Ambassadorial Skills
Demonstrate your exceptional interpersonal and advocacy skills. Discuss how you have maintained relationships with stakeholders and how you can act as an ambassador for the Museum at events and meetings.
