Risk and Corporate Governance:

  1. Responsible for governance of money laundering procedures

  2. Chair risk meetings to review past security successes to facilitate continuous improvement

  3. Monitor developments in investment and prospectus restrictions

  4. Maximise corporate value whilst reducing companies financial risks

  5. Spearhead both long-term and short-term decisions, including capital investment decisions

  6. Monitor and advise on changes to government policy and associated legislation

  7. Maintain and develop policy frameworks

  8. Work within the public & private sectors, providing advice and guidance on policy development,
    liaising with analysts, consultants & senior management to identify requirements and constraints

  9. Identify methods to reduce operational loss and lower compliance and auditing costs

Business Improvement / Transparency:

  1. Develop and plan organisational vision to continually invest in and develop staff growth

  2. Lead sessions to instil an effective method of personal and business resourcefulness

  3. Coach Executive Management in company change and restructuring across all departments

  4. Assist Senior Management to improve communication and define corporate values and cultures

  5. Work with Board level teams on strategic planning and operational development

  6. Maintain an enterprise mindset on impact to business as a whole

  7. Foster a positive relationship between the company and its public constituents

  8. Identify external issues and events and possible negative or positive effects on business plans

  9. Able to support moves to raise external finance to drive forward commercial plans, to include the
    sourcing and winning of external development funding

  10. Conduct feasibility studies for acquisition and investment in new market sectors

  11. Spearhead turnaround strategies, conducting strategic reviews to identify expansion opportunities

  12. Deliver standard and bespoke one-to-one and group training programmes and workshops

Change Management:

  1. Initiate change, setting up reengineering teams and outlining performance goals

  2. Facilitate change management to develop a planned approach to maximising collective benefits

  3. Implement new procedures and technologies, effectively overcoming resistance to change

  4. Identify potential risks to minimise the risk of failure of implementing the change, communicating changes and consulting throughout the process in order to gain internal buy-in and co-operation

  5. Manage change on a continuous basis, whether by regular schedule or to individual programme milestones, setting goals & realigning where necessary to ensure overall achievement, to time & budget

  6. Skilled in applying change management to information technology management and process management, providing a holistic approach to benefit commercial enterprise & non-profit organisations

  7. Ensure change management processes are multi-disciplinary, and touch all aspects of an

  8. organisation where appropriate

Best Value Proposition / Cost Efficiencies:

  1. Skilled in identified new processes and securing management support

  2. Identify reengineering opportunities and enable technologies to align with corporate strategy

  3. Diagnose processes, identifying and highlighting pathologies in existing processes

  4. Manage process redesign, developing alternative process scenarios and new process design

  5. Design HR architecture, select IT platforms, develop blueprints, gather and report on feedback

  6. Monitor processes and performance in order to ensure alignment with continuous improvement

  7. Identifying potential service requirements in order to secure future contracts and reduce cost

  8. Skilled in reducing costs in existing areas, whilst creating additional service offerings

Problem Solving:

  1. Review existing business processes and delivering recommendations for improvement

  2. Support strategic planning activities and advising on required systems developments

  3. Deliver solutions and support in line with client requirements and operational needs

  4. Managing teams of consultancy staff to ensure high standards and quality services

Cornerstone Consultancy References / Testimonials available on request


Cornerstone Consultancy

(Contact) John Sheath (Office) + 44 1624 801123 (Mobile) M +44 7624 496260

Ballamoar Cottage, Lower Foxdale, Isle of Man IM4 3EA, British Isles

(Email) john@cornerstone.im (Website) www.cornerstone.im

An internationally experienced Independent Management Consultancy with an established track record of success in providing advice and assistance to corporate, private, not-for-profit and public sector clients, enabling them to develop effective, measurable and sustainable business solutions in the areas of Business Development, Market Growth, Risk & Compliance, Systems Enhancement, Strategic Change and general Business Consultancy.

Conceived to bridge the gap between clients and their business aspirations, the company now provides guidance and hands on support in the introduction and improvement of high-level best practice processes and procedures, including problem solving and cost efficiency control aimed at consistently improving business performance.

The Consultancy is skilled in providing business development & market growth strategic review and enhancement, risk and corporate governance review and improvement, business improvement including MI enhancement as well as more general business consultancy for ad hoc projects as required. Coupled with a network of strategic alliances with other industry professionals, service providers and government departments, both locally and around the world, a comprehensive client support and service offering is available for your benefit.

  1. Reviewed and enhanced MI for Fiduciary Services department leading to full business MI review

  2. Edited and enhanced guide to new Anti Money Laundering guidelines for client

  3. Aviation management business - reviewed bid documentation for acquisition bid for large aviation group in South Africa and advised on offer

  4. IOM Government Treasury Department of Income Tax - pilot project requiring process mapping and procedure writing using SSADM methodology

  5. Thomas Miller Investment (captive & mutual insurance) - project manager for PORTIA implementation ensuring go live and subsequent review and improvement

  6. Bank of Ireland Isle of Man (private banking) - Finance Department review which led to managing on interim basis, reporting to improve and provide support on resulting changed environment

  7. Carried out major review of Fsharp, strengthening the Account Opening Department including new recruitment and training to ensure reputational safety and proper due diligence

  8. Researched, negotiated with supplier and launched an online Lloyds of London underwritten travel insurance product, other product design & launch including combination equity bond creation

  9. Speaker at annual investment conference in Dublin on international due diligence, to an audience including the Irish Central Bank and Irish Stock Exchange

  10. Worked with Merrill Lynch Investment Management developing a range of Offshore white labelled and direct funds for incorporation within the portfolio entry platform

  11. Rea Bros (now Close Bank, private banking): liquidity project to improve balance sheet management

  12. Quantum Company Secretarial Services (local CSP/TSP) - reviewed systems and improved via procedural and process change, forensic work on acquisition

  13. Recommended by Thomson Financial Software, to enhance and improve their PORTIA© software project delivery; EFG Private Bank (Mayfair, London, private banking)

  14. Extended remit to also deliver EFG training to all users and ensure intermediate software being written by programming contractors would deliver business requirements


John Sheath

  1. Diverse experience in the corporate and commercial arena which covers international and domestic banking, captive and mutual insurance, funds, CSP/TSP and manufacturing

  2. Based in the Isle of Man, working closely with professionals in the UK, Channel Islands, the Middle East, Singapore, Hong Kong and other European jurisdictions

  3. Strong relationships with the IOM financial regulators and Government departments

  4. Previously involved in various government initiatives and committees

  5. Speaker at international finance seminars and author of numerous articles for international industry publications

  6. A dynamic professional with excellent strategic, sales and marketing skills recently admitted as a Chartered Director

  7. Extensive experience and proven success leading strategy and developing new business

  8. Proactive business leader with extensive business, managerial and motivational skills

  9. Developed key accounts and maximised profits for blue chip businesses

  10. Non Executive Director for Laxey Group Holdings Limited and other businesses

  11. Trustee for a local family trust and former Governor Foxdale Primary School

  12. Business Advisor to Hamilton Partnership (Wirral) Ltd for the Wirral CVS in a project to re-launch Birkenhead Town Hall as the John Peel Centre, for arts and music

  13. NEDS IOM (www.neds.im) - Co-founder of this organisation for non executive directors on the Isle of Man, enjoying support across Government, Regulator and the Institute of Directors

Professional Memberships:

  1. Institute of Directors - Diploma in Company Direction

  2. Fellow of Institute of Financial Accountants

  3. Fellow of Association of International Accountants

  4. Member of Institute of Management

  5. Member of Institute of Directors

Public Duties:

  1. Founding Chairman The Offshore Forum (cross jurisdictional banks/building societies group) Council Member Institute of Directors IOM Branch

  2. Founder member Isle of Man Government Treasury Finance Steering Committee 2004-6

  3. Member of 4 man Finance Sector team working with IOM Treasury to create, implement and review the Zero-Ten Tax Strategy, the Island’s response to OECD Harmful Tax Practice requirements

  4. Member of Isle of Man Government Trade Missions, to the Far East and the Middle East

  5. Judge for Junior Achievement/Young Enterprise IOM

  6. Past Council Member IOM Bankers Association

  7. Former Isle of Man Representative to the European Banking Federation

  8. Developed strong relationship with British Bankers Association, gaining support for Offshore banking


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