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As Chairman, Allard is responsible for the policy of Asset | Accounting & Finance and external communication to parties such as Asset and the University. He also coordinates A&F Investments and the CityTrip committee. In this article, Allard explains what his position entails and how he experiences a year as Chairman of Asset | Accounting & Finance.
Why did you choose to do a board year at Asset | Accounting & Finance?
When I joined Asset | Accounting & Finance in my first year I never thought I was going to do a board year. At the time, I was much more concerned with getting my BSA than thinking further about my future. As I progressed in my bachelor Business Economics and I became more active at Asset | Accounting & Finance, for me it seemed more and more fun to do a board year and to view the association from a different perspective. In addition, you also learn a lot from a board year. You learn what it is like to run a kind of company and thus gain a kind of management experience that you can hardly gain with, for example, an internship.
I chose to do a board year at Asset | Accounting & Finance (A&F), because after this year I will study Accountancy and can, therefore, come into contact with various companies in this sector. At first, I had the ambitions to become a treasurer, but as the application procedure progressed, I nevertheless chose to become Chairman.
“You learn what it is like to run a kind of company and thus gain a kind of management experience that you can hardly gain with, for example, an internship.”
What does your year look like and how is the experience so far?
The applications started in April, which resulted in me becoming the Chairman for the academic year 2019-2020. At first, I was quite reluctant to become Chairman, because Chairman sounds like something very serious and with a lot of responsibility, but after a number of conversations with other board members I was assured that I could do it. From July onwards I fully participated, first under the wings of my predecessor Stijn, who immediately took me everywhere from the beginning. The conveyance period is a fun, but above all educational time in which many impressions come at you and many things are done. In July, you will also write the policy for the upcoming academic year together with the other board members, which I have to present at the General Members Meeting. After the General Members Meeting, you can quickly join the flow of the year. Many events come your way, fun drinks and tough meetings. Before you know it, you already talk about the successors of Twan, Daniek and Steyn in the weekly board meeting. That makes you think about how fast a year actually flies and what you have experienced up to that point.
As Chairman you also have the board of Asset where you take a seat. That makes the position of Chairman fun and challenging, because you are not only dealing with the position of A&F, but also with the position of other departments and Asset as a whole. You have to be able to look from different perspectives to make the right decision. Since I have an affinity with financial data, I chose the position of treasurer there. This fulfils the ambitions of treasurer, which I had when initially applying for a board year.
What are your tasks as Chairman and what does your average day look like?
As Chairman you are responsible for leading the weekly board meetings, policy meetings, General Members Meeting, and the meeting of the Advisory Board. In addition, you are also on the board of Asset and you are responsible for a portfolio within that board. The Chairman is responsible for writing and complying with the established policy.
An average day is difficult to describe since every day is different, but almost every day there is a meeting on the agenda. Beyond that, you have to read and write a lot of updates, prepare for meetings, and help fellow board members where needed. I also attend the meeting of A&F Investments, our investment team, every other week. In this meeting, I learn a lot about the stock market and how you can value companies based on the available figures. Although A&F Investments did not immediately suit my personal interests, I did appreciate the team for the high degree of professionalism and enthusiasm of the members.
I think the CityTrip meetings are one of the best meetings of the week. This is because I love to travel and this edition was the first edition of the CityTrip.
Do you have any tips for your successor?
Don’t forget to enjoy all the things you do in your board year. A board year is over before you know it, and you want to be able to look back on it with a lot of joy!
If you would like to know more about my board year after reading this article, feel free to bring a visit to room E1.07 and ask your questions during a cup of coffee! In addition, you can get to know more about the specific division of roles within the board via this link.
