Index – Get on Board

Index

Academic leaders, 93

Activist investors, 8788

Advisory boards, 8, 2021, 23, 50

definition of, 31

due diligence, 26

environmental advisory board (EAB), 32

examples of, 3132

expanding and deepening your networks, 33

influence, power, and voting rights, 24

innovation, 32

intellectual challenge, 33

responsibilities and working, 24

risks, 3233

serving on, 33, 91

staying ahead, 33

target market, 2526

technology, 32

terms, conditions, structure, and code of conduct, 24

time commitment, 25

value proposition to, 25

AGM. See Annual general meeting (AGM)

Aka councils, 2021

Analytical skills, 100

Annual general meeting (AGM), 1

Audit committee, 12

essential qualifications, 1314

primary purpose of, 13

responsibilities of, 13

role of, 13

Board, 1, 1617, 19, 35. See also Company

additional income stream, 36

advisory, 2021

audit committee, 1214

chair, role of, 1516

committees, 1112

composition, 1011

criminal risk, 43

cross-border risk, 43

cultural awareness on, 3840

deciding to serve on, 4546

description of, 1

develop your career, 36

of directors and committee meetings, 18

diversity, 17, 48

financial risk, 43

gain more expertise and experience, 36

governance, 3637

grow your network, 36

implementing key policies, 18

intellectual challenge, 3536

inventory and understand your skill set, 47

key skills to serve on, 5557

leadership abilities, 36

mentor and advocates, 50

moral ownership, 18

negative issues with company, 41

networking, 4950

nonprofit, 1920

opportunities of, 125130

organization’s history, 41

practical strategies to join, 8691

private company, 2122

profile and elevator pitch, 4849

public company, 22

qualifications to serve on, 910

regular attendance at corporate board meetings, 17

reputational risk, 4243

right/good, 4748

risks, 4143

roles, 2, 17

search resources, 139140

self-improvement responsibility, 18

skill set, 47

structure of, 1112

survey, 5

thinking, 103

time commitments to serve on, 45

transferable skills, 48

types of, 20

Board biography, 68, 7578, 125130, 137170

business opportunities, 78

and CV templates, 49, 171176

educational qualifications, 78

effective, 7677

notable work experience, 78

operating experience, 78

and resumes, 49, 137170

roles on technical teams, 78

samples, 147170

service and experiences, 7778

Board interviews

best practices for director interview, 116118

dos and don’ts, 119120

expectation at, 115116

prepare for, 113115

process after, 120121

questions in, 116

Board of directors, 2, 1617, 23. See also Board

purpose of, 1

Board-placement services, 6063

Board profile, 68, 137138

and competency matrix, 137138

examples of, 141145

Board readiness, 4041, 45, 5053

geographic concerns, 61

included and additional services, 62

industry and network fit, 61

payment, 62

process logistics, 6162

promises for success, 62

thought leader, 132135

track record of success, 61

worksheets, 125135

Board resume/CV, 68, 7982

Board services, 37

regular involvement, 37

reputation, 38

skills, 3738, 5758

wide and deep network, 3738

Chairpersons, 5, 12, 14, 4950, 72

Chief executive officer (CEO), 1, 5, 20, 49, 96. See Chief executive officer (CEO)

evaluation and succession debates, 30

and monitor management, 2

Client acquisition channels, 110

Collaborative personality, 57

Commitment, 118119

Communication skills, 99

Community, company behavior to, 31

Company

behavior to community, 31

leadership, 19

performance, 31

prestige and reputation, 93

strategy, 2

understanding, 114

Compensation committee, 12, 15

responsibilities of, 15

Competency matrix, 137138

Compliance boards, 28

Conflict resolutions skills, 99

Continue learning, 114

Corporate boards, 50

academics qualify to serve, 9394

average age of, 100104

of directors, 19

entrepreneurs qualify to serve, 9495

financial backgrounds qualify to serve on, 9596

lawyers, 99100

meetings, 17

members, 20

private equity professionals qualify to serve, 97

technical professionals qualify to, 9899

Corporate culture, 1

Corporate strategy, contributing to, 30

Cultural awareness, 3840

Decision-making skills, 33

Digital age, 104

Director, 6566

advisory boards, 8

appointment of, 34

board biography, 7578

board resume/CV, 7982

challenges, 27

company’s values, 27

compensation of, 69, 27

familiarize yourself with, 27

general roadmap for becoming, 6669

independent, 4

interview, best practices for, 116118

LinkedIn, 7275

nonprofit boards, 89

prime function of, 2

private boards, 7

public boards, 67

relationships to, 8386

responsibilities of, 23, 5

role of, 45, 52

selection of, 5859

startup boards, 78

steps to become, 4850

unique value proposition, 6972

well-planned board of, 18

Director-ready networks, 8384

Director reputation

diligence of company, 107108

due diligence, 108111

good and systematic approach to due diligence, 105107

Diversity, 12

of skills and experiences, 17

of thought, 17, 9394

your interests, 48

Dress code, 114

Due diligence, 105, 108111

auditor changes, 108

board meetings, 109

financial information, 109

procedures and policies, 109

random and systematic risks, 108

on startup, 110111

EAB. See environmental advisory board (EAB)

Education, 9697

Effective decision maker, 55

Environmental advisory board (EAB), 32

Executive committee, 11

Experience, 5758, 97

gap, 58

researching, 9899

Expertise, 97

skills and, 56

External communications, 31

Family business

CEO evaluation and succession debates, 30

compliance boards, 28

contributing to corporate strategy, 30

independent boards, 2829

independent directors bring to, 2931

influencing company behavior to community, 31

inner circle board, 28

insider boards, 28

investments and transformational transactions, 30

managing external communications, 31

monitoring company performance, 31

operations and risk management, 29

significant skills and assessment, 2930

Family members, 31

Family-owned companies, 7

Fiduciary responsibility, 23

Financial education, 96

Financial literacy, 60

Financial reports, 111

Foreign company’s board, 90

General thinking, 10

Global economy, 104

Good business judgment, 95

Go-to-Market approach, 81

Granular proficiency vs. long-term oversight, 11

Ideal directors

attentiveness, 53

characteristics and attributes of, 5354

enthusiasm for learning and service, 54

eye for diversity, 54

highest level integrity, good judgment, and confidentiality, 54

knowledge, 54

passion, 53

preparation, 54

strategic thinking, 54

time, 53

toughness and collegiality, 5354

Impeccable judgment, 56

Independent boards, 2829

Independent directors, 4, 16, 2931

Industry dedication, 95

Information

about company, 107

board of directors and CEO, 107108

company’s milestone events, 108

goals and strategies, 107

inside sources of, 105106

outside sources of, 106107

values and perceptions, 108

work environment, 108

Inner circle board, 28

Innovation advisory board, 32

Innovative ideas, 98

Insider boards, 28

Integrity, 56

Intentionally build relationships, 68

Interpersonal skills, 57, 94

Investments, mastery and management of, 97

Investors, 31

experience, 88

Key metrics, 110

Knowledge, 5758

and skills, 95

Lawyers, 99100

Lead director, role of, 16

Leadership, 51

innovative thought, 55

skills, 103

wording, 69

Learning, 114

Legal documents, 111

LinkedIn, 7275, 83

broadcast on, 74

introduction and headline, 74

keywords for profile, 74

leverage recommendations on, 74

professionals in, 75

profile photo, 74

sections to update, 75

social and stay, 75

Long-term strategic thinking, 56

Monitor management, 2

Moral ownership, 18

Networking plan, 131

Nomination and governance committee, 12, 1415

Nonprofit board of directors, 50, 8889

Nonprofit boards, 89, 1920

Organization

history, 41

level of, 6667

values of, 3

Passion, 118119

Press releases, 111

Private boards, 7

types of, 19

Private company boards, 2122, 90

Private equity professionals, 97

Problem-solving skills, 100

Products, 9899

Professional judgment, 94

Professional relationship, 8586

Profit and loss (P&L), 5960. See Profit and loss (P&L)

analysis of revenue earning departments, 5960

decision making, 59

and financial experience, 60

operator, 51

projection of revenue, 60

Public boards, 67

Public company boards, 1, 22

Quantitative inside information, 106

Quantitative skills, 98

Questions, types of, 115116

Researching skills, 100

Risk advisory board, 32

Risk-management experiences, 99

SEC. See Securities and Exchange Commission (SEC)

Securities and Exchange Commission (SEC), 96

Self-awareness, 39

Self-improvement responsibility, 18

Self-promotion, 67

Self-reflection, 70

Services, 98

Shareholders, 34, 17, 31

Sheppard, Nancy, 8081, 116

Skills, 5758, 73

analytical, 100

for board services, 5758

communication, 99

conflict resolutions, 99

cultural awareness, 3940

decision-making, 33

and experiences, 17

and expertise, 56

interpersonal, 57, 94

knowledge and, 95

leadership, 103

problem-solving, 100

quantitative, 98

researching, 100

set, 47

strategic, 94

transferable, 48

Social media, 85

Stakeholders, 10

Startup advisory board, 26

consider possible challenges, 27

determine compensation, 27

directors and advisors, 27

identify with company’s values, 27

Startup boards, 78

board of directors vs. advisory board, 2324

influence, power, and voting rights, 24

responsibilities and working, 24

terms, conditions, structure, and code of conduct, 24

composition, 2223

definition of, 22

of directors/advisory board, 2526

need for, 22

role of, 23

serving on, 9091

Startup director, 78, 21, 111

compensation of, 8

Stockholders, representatives of, 23

Strategic reports, 111

Strategic skills, 94

Strategic thinking, 54, 94

long-term, 56

Structure vs. diversity, 11

Subsidiary board, serving on, 8889

Technologies, 104

Technology advisory board, 32

Trade-offs, 11

Training, 97

Twitter, 83

Unique value proposition, 113114, 125130

examples of, 7071

statement, 70

Value proposition, 70

Voting rights, 24

Website, 111

Wisdom, 56

Work experience, 96