FCA CEO Syndicate Groups for Chief Executives and Managing Directors of Australian Franchisor Companies
In 2015, the FCA launched a peer support network for CEOs, MDs and GMs of Australian franchisor companies. Then etwork is known as the FCA Chief Executive Syndicate. The first group started in Sydney in June 2015 and the second in Melbourne in September 2016. More groups will follow in other capital cities.
This is the only CEO group in Australia which specialises in the world of franchising. It is run under the auspices of the FCA, the peak body which represents more than 440 of the major franchisors and their franchisees in this country.
About the FCA Chief Executive Syndicate
The FCA Chief Executive Syndicate provides an opportunity for CEOs and MDs of larger franchising companies to meet regularly in a confidential environment to discuss issues relevant to their businesses. They learn from visiting speakers and from each other. Each syndicate group is chaired by a person with wide business experience, including specific experience running a major franchised business.
In 2014, the Franchise Council of Australia (FCA) undertook some major studies with its members. One of the identified needs was to provide an opportunity for CEOs and MDs of larger companies to meet on a regular basis without other influences being present. Whilst suppliers, consultants, and professional service firms provide highly valued services, there are times when Franchisors just want to talk with other Franchisors. That is the need the FCA Chief Executive Syndicate meets.
What the Chief Executive Syndicate Offers
Peer to peer exclusivity: Membership of each Syndicate is by invitation only and is restricted to 16 CEOs and MDs of franchise companies with annual franchisor turnover greater than $10 million, operating 30 outlets or more. Members must be the principal decision maker in their company.
No conflicts: Each syndicate can only take one franchisor from each business category: no competitors can be in the same group. New applicants will be carefully vetted to avoid any conflicts of interest.
Convenient and regular contact: Meetings are held for a half day, once per month. Each member may also have four one-on-one meetings each year with the Chair to identify any key issues the member may wish to discuss with his or her group.
Expert guests: Speakers are selected to inform and educate members, not promote their goods or services. The aim is to present about four high quality speakers each year. Should the opportunity arise, extra speakers will be scheduled when appropriate.
Staying close to the source: Members are updated in confidential briefings from time to time about the activities of the FCA Board, especially regarding ongoing discussions and negotiations with Government, and with other professional bodies.
In turbulent times like these, all franchisors need to be very aware of current regulatory changes, and to participate in the formulation of legalisation affecting their business.
By becoming a member of a CES group, you will have a direct influence on the way the FCA represents our sector, and in turn upon Federal and State Government legislation.
Members will observe industry best practice: Each company must be a current financial member of the FCA, and must remain so in order to stay a member of the Chief Executive Syndicate.
All members are expected to observe industry best practice, and this itself is often a topic of discussion within the group.
The FCA may also call on a syndicate group for their opinion about relevant issues of the day. The Chairman of the FCA, and the Chief Executive Officer, will also visit with groups from time to time, and will be pleased to discuss current matters and provide feedback on what the FCA is doing.
In this way, CEOs of major franchising companies will be able to keep closely in touch with each other and also with the national peak body for franchising.
How to join the FCA Chief Executive Syndicate
From time to time potential members will be invited to an information event where details of the group will be presented and questions will be answered. Guests may then decide whether they would like to apply for membership.
For more information contact the Franchise Council of Australia on 1300 669 030 or firstname.lastname@example.org or call Corina Vucic on 0417 038 081.