How To: Five Steps Toward Getting on Boards - Deepstash
How To: Five Steps Toward Getting on Boards

How To: Five Steps Toward Getting on Boards

Curated from: gsb.stanford.edu

Ideas, facts & insights covering these topics:

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MARGARET CHAN

Whether you’re starting your career or about to retire, serving on the board of a public company can be professionally, personally, and financially rewarding. 

Before you start down that road, however, you need to “take a 360-degree view of your qualifications” and think seriously about the risks.

MARGARET CHAN

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96 reads

Be agile

Be agile

Serving on the board of a company means that you'll have to show your ability to grasp the nuances of a new industry with a different business model.

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127 reads

Make your value proposition

Make your value proposition

Demonstrate to the board a skill that they could be lacking. Some skills that are in demand are auditing and CFO experience along with cybersecurity and social media backgrounds. Another key attribute for successful directors is having a skill in building consensus.

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230 reads

Consider a nonprofit

Consider a nonprofit

It cna be difficult to serve on a board if you've never actually tried to be one. To see how it's like try joining a nonprofit's board then an advisory board -- they provide expertise for a smaller company that does not have in-house.

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47 reads

Network search with firms

Network search with firms

A firm working with your current employer doesn't mean that they'll place you on a board but they could possibly be able to counsel you and help you gain entry into corporate databases as a potential candidate.

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45 reads

Know the risks

Know the risks

Before getting into the ring, keep in mind that directors are increasingly held to account for decisions made by the CEOs and even if the board members aren't made aware of the risks, it still happens. Most public companies carry directors and officers liability insurance, but smaller companies do not.

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