A Guide to Landing Non-Executive Directorships
Executive coaching sessions often bring out a recurring aspiration: gracing the boardroom. Whether within their own company or beyond, executives crave fresh challenges, learning opportunities, and a chance to break free from routine.
There is also a rising trend for a location-independent portfolio career. Explore this concept in the video created by Abel van Staveren, a recognised expert in the field.
Joining a board is a prestigious move, offering both influence and insight into the inner workings of an organization. But how do you navigate the path from aspiring contributor to esteemed board member?
Self-Discovery: Why the Boardroom Beckons?
Before embarking on this mission, delve into your motivations. Is it the strategic influence, the desire to contribute beyond your daily grind, or the allure of a flexible, location-independent lifestyle? Understanding your "why" fuels your focus and helps you target the right board. Not all boards are created equal. Identify organizations whose mission aligns with your passions and expertise. Research their governance structure, board composition, and current areas of focus to ensure a strategic fit.
Skillset Audit: Are You Boardroom-Ready?
Board roles demand specific skills: strategic thinking, financial acumen, risk assessment, and governance expertise. What unique expertise can you bring to the table? Analyze your strengths and identify areas for development. Invest in board development programs or certifications to demonstrate your commitment to governance best practices, honing your skills through leadership courses, board simulations, or mentoring. Stay informed about industry trends and regulatory changes to showcase your knowledge and foresight.
Network Nirvana: Mastering the Dance
The boardroom is a club – and like any club, it's about who you know. Leverage your existing network and cultivate relationships with existing board members, executive search firms, and industry leaders. Attend relevant conferences, events, and workshops where you can connect with the right decision-makers. Remember, you're not just selling your skills, you're building trust and showcasing your fit for the boardroom culture. Consider Membership with relevant associations to get access to exclusive events and expert speaker sessions and stay updated on the latest trends.
Pitch Perfect: Crafting Your Boardroom Narrative
Tailor your resume to highlight your board-relevant experience. Quantify your achievements and emphasize leadership roles. Include board memberships, if any, and relevant volunteer work. Develop a compelling narrative that articulates your unique value proposition for specific boards. Highlight relevant experiences and strategic insights that resonate with the organization's mission and challenges.
The Art of the Board Interview
Be prepared to discuss your approach to governance, strategy, and risk management. Research the organization thoroughly and anticipate potential questions about their specific challenges and goals. Practice your responses, but remember, authenticity and passionate articulation are key.
The Boardroom Marathon
Landing a board seat isn't a sprint, it's a marathon. Be patient, persistent, and keep refining your skills and network. Consider a pro-bono charity board role to gain valuable experience and boost your resume.
Landing a board role requires introspection, strategic planning, and relentless networking. But with the right preparation and unwavering determination, you can transform your career aspirations into boardroom reality. Remember, every "no" is a stepping stone to the next "yes."
“Don’t underestimate the power of personal branding. Cultivate a strong online presence and actively engage in industry discussions on social media.”
Joining a board is a privilege, not a right. By strategically building your skills, expanding your network, and showcasing your dedication to good governance, you can pave the way for a fulfilling boardroom experience.
Reaching the Director/Board level at a FAANG company is an incredible achievement, and it's natural to be drawn to its stability and benefits. However, for those seeking new challenges, immediate career pivots might not be the easiest route. To broaden your horizons while retaining your current position, consider seeking external professional exposure (with proper disclosure) in non-competing areas. Many companies support such endeavors as valuable development opportunities, especially if they are pro-bono. Start with getting clearance from HR to understand T&Cs.
Credentials and Regulations: If you're new to the country, research local regulations to understand which companies you can legally join on a board. Some roles might require specific certifications or accreditation. Ensure you meet the prerequisites before applying.
Top business schools, like INSEAD, have an International Directors Program. - gives you access to IDNetwork post graduation with the Board roles circulated and amazing networking events and info-sessions.
E.g. if you are in Singapore, check the Singapore Institute of Directors (SID), Australian Institute of Corporate Directors (AICD) and other associations and certification bodies. Depending on your plans for the future and the geographies you will be working in, at AICD you can choose either International Director course or a regionally-focused course for Australia, SEA, MEA.
If you want to explore more on this topic see a detailed guide here.