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- Understand the board role and your objectives. Once you have verified that your employer allows you to serve on another company’s board, carefully consider whether you’re up for the demands of the role.
- Raise your visibility. Building your profile and broadening your network can benefit any professional, but these moves are particularly important for those wishing to be considered for a seat on a corporate board.
- Do your homework. Director hopefuls should conduct thorough due diligence on companies whose boards they would be interested in joining. You can investigate the organization’s operations, challenges, and opportunities by reading news and analyst reports and speaking with people who know the company well, including board members and senior managers.
- Make the interview a two-way conversation. By the time someone has approached you about a director opportunity, the nominating and governance committees have determined the criteria for the new board member, considered many people, and narrowed the list down to a few individuals.
- Strategic decision-making skills. This is certainly one of the top skills needed. As we saw, boards of directors need to make A LOT of important decisions.
- Analytical skills. An effective board can analyze data, identify patterns, and draw meaningful conclusions. In other words, current board members and future directors need great analytical skills.
- Adaptability. The board of all people must know how to adapt – and adapt quickly. So if you want to be a great asset within the board, you need to be able to adapt to all kinds of changes in the industry, economy, technology, etc… This way, the board can quickly come up with new strategies that follow the current times and trends.
- Accounting and financial literacy. Yes, the common board needs to know a thing or two about accounting and finance. This means you’ll have to be great at math.
What qualifications do you need to become a board member? There are many answers to this question but the qualities of a potential board member often outweigh formal qualifications or board directors courses. Board governance training is essential simply because you need to know how boards work. You don’t want to walk into
Oct 29, 2019 · Board Director qualifications are so much more than job titles and years of experience. ... Board directors and those that work with and serve boards know very well that this is the bare minimum ...
- Patricia Lenkov
Jan 13, 2022 · Getting the new board to become a cohesive decision-making body typically requires a year of operation. If they only spend four days a year working together, that is not much time to get to know ...
- Bruce Werner
Chartered status is the benchmark for excellence amongst corporate secretaries and governance professionals. It shows that you have the knowledge, skills, and experience to take on a job with significant and wide-ranging responsibilities. To attain Chartered status, you must complete the International Qualifying Program, gain the necessary ...
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Jan 31, 2020 · At the same time, the bar for “board readiness” has never been higher: directors are scrutinized for their ability to understand more complex businesses, demonstrate technical know-how ...
