Manage episode 272724706 series 2681625
By 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson, 3YS Owls Governance Consultants, Ainslie Cunningham, and Deb Anderson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
In this episode of YS Up Governance and Boards Podcast, 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson interview Kylie Sprott. Kylie is an international leader with over 25 years of demonstrated experience and achievement across a variety of industries including IT, engineering, environmental services and legal services. Kylie focuses on innovation and how this applies to people, culture, technology and business growth. Her creativity combined with her extensive M&A skills and global experience make her a unique business contributor. We explore with Kylie her extensive experience in mergers and acquisitions, integration of businesses and synergies, organisational transformation, change management, the importance of good culture, technology and Kylie’s extensive contribution in the not for profit sector.
“I think it needs to be part of the due diligence process. It's good to look at the numbers. It's really good to focus on those. It's really good to look at the client piece and obviously, to see where the overlap is and where the synergies are. I think all of that's really great also for the synergies from a cost perspective, really helpful, but the culture piece often isn't covered in the due diligence phase. So that's really about going in there and really assessing in a really practical way methodically what your culture is versus the company, the target's culture. And when I've done it myself, what we've done is use the McKinsey 7S model to say, "Okay, what are the seven aspects and how do we map those out?"
And generally, it's really helpful to know where the gaps are, because if you can see the gaps, you can assess whether or not they're too big to overcome, or if they're small, then you put in place a strategy as to how you're going to address those but it means you're very transparent about that upfront at the beginning. I think when M&A tends to fall into a bit of strife is when there are suddenly surprises in the integration phase for both sides of the organisation. So, things that haven't been disclosed either in the due diligence phase, or weren't even asked in the due diligence phase, but also expectations. So, if you do the culture piece, then you're constantly going into that people element rather than just focusing on the numbers, so I think it's really important.”
– Kylie Sprott
Summary of episode
· Mergers and Acquisitions (M&A)
· Due Diligence (DD)
· Managing transformation through COVID-19 as a Chief Transformation Officer for QANTM IP (ASX:QIP)
· People and Culture Strategy
· Digital technology
· Change management
· Board governance
· Organisational strategy development
· Stakeholder engagement and management
· General management
About Kylie Sprott
Kylie Sprott is an international leader with over 25 years of demonstrated experience and achievement across a variety of industries including IT, engineering, environmental services and legal services.
Kylie focuses on innovation and how this applies to people, culture, technology and business growth. Her creativity combined with her extensive M&A skills and global experience make her a unique business contributor.
Kylie’s experience spans Australia, New Zealand, United States, United Kingdom, Ecuador and Asia. An expert in culture mapping, Kylie has conducted the due diligence and led the integration of over 25 organisations globally. She has worked in businesses varying in size from 100 to over 8,000 – both private and publicly listed.
Kylie has led several multi-disciplinary teams including technology, human resources and marketing. Utilising her broad experience, Kylie currently works in the capacity of “Chief Transformation Officer” of a publicly listed legal services business, QANTM IP (ASX: QIP) and serves on two boards as a Non-Executive Director for Position Partners and The Oranges Toolkit.
In addition to her work commitments, Kylie is a keen philanthropist and works closely with The Smith Family in the capacity of “Leader of Corporate Champions” and is the Ambassador of “Rainbow House Iligan” orphanage in the Philippines. Kylie has also recently joined Willow International as the Australian Ambassador. Willow International is an organisation that is focused on restoring the lives of human trafficking victims and putting an end to this global epidemic. Kylie is also an Ambassador for Queensland Futures Institute.
A well-respected communicator in the business community, Kylie is an accomplished keynote speaker and regularly publishes articles on her blog and linked in.
Kylie has a Bachelor of Arts (Politics, Film and Media), Post Graduate in Business and has studied “Strategic Human Resources” at both the Australian Graduate School of Management and Harvard Business School. Kylie has formal qualifications in “Organisational Change Management” from University of Technology Sydney and is a graduate of the Australian Institute of Company Directors.
Kylie is an avid traveller and music buff. She enjoys politics, motherhood and the occasional glass of red wine.
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3YS Owls are a corporate governance firm and incorporated legal practice who specialise in providing a variety of services and solutions across corporate governance, company secretary, board advisory, strategy, risk and business consulting. Contact the team today to see how we can help you.
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YS Up - Governance and Boards Podcast is an easy to understand educational podcast covering hot topics in governance, risk, latest regulatory changes and issues keeping directors and executives awake at night. A practical guide to assist in navigating the complex regulatory minefield, increased public scrutiny, erosion of trust, climate change, modern slavery, non-financial risks, systemic cultural problems and other challenges facing companies in Australia in 2020 and beyond. Are you a company secretary, director, board member, C-Suite, executive or senior manager with an interest in governance, risk and regulatory change? Then this is the podcast for you!