McDermott Solutions Limited
McDermott Solutions Limited is a board advisory and risk management consultancy. It works with Directors, Trustees and other business leaders to improve the performance of the business by increasing the effectiveness of the Board.
Its owner, Mike McDermott, has more than 30 years’ experience of working with Boards and has held a number of roles including Chairman, CEO, Secretary and Committee Chair, through which he has acquired a strong understanding of the governance and risks faced by those businesses.
The tailor-made board evaluations it undertakes are independent, rigorous and comprehensive and provide constructive feedback and advice on areas which can include composition, leadership, succession planning strategy, culture and risk management amongst others. Topics high on Board’s agendas at the moment, including operational resilience and environmental, social and corporate governance (ESG), can be covered.
Training for Directors and Trustees on issues covering, for example, leadership, roles and responsibilities and board recruitment and composition can be provided on a business-wide or individual basis.
With the use of Prevue psychometric profiling, the firm can show how different personalities work together with the aim of minimising conflict, improving communication, and optimising effectiveness in your team.
The firm also provides risk management services and has provided advice and support to a number of businesses, principally in the finance sector, in advising on, implementing and supporting risk management systems.
Owner/Director Mike McDermott says: “Having a Chesterfield base, with its good road and rail links, means that we can cover all of the country very efficiently. Whilst much of our work has been in the financial sector, our governance reviews are suitable for any type of business which has a board or governing body.