Boardroom INSIDER for… JUNE




(June, 2015)  Rising corporate executives typically have a big, carefully-crafted resume of their career progress, which is just the ticket for their high-pot careers.  But if these rising-star execs seek the career boost of adding a corporate board seat, this detailed vitae may do them more harm than good, according to a June article in online monthly Boardroom INSIDER.

BI publisher and governance speaker Ralph Ward writes that the usual accomplishment-heavy top exec resume “can bury the board-specific nuggets under lots of other achievements that don’t deliver boardroom oomph.”  The article, “6 Things You Need in a Board Resume,” digs into these specifics that draw attention for “board wannabes,” such as:

pinkBoard interaction experience — which doesn’t have to be a previous board seat.  Execs who brief the board, serve as a director resource, walk them through complex issues, and sit in on board deliberations “gain valuable experience that shows familiarity and comfort in a board environment.”

pinkHidden “boardroom” background.  Ward notes that wannabes who’ve never actually served on a corporate board often bring unappreciated board seasoning, such as serving on company joint venture committees, trade groups, or negotiation with banks or unions. “Sitting around a table working out high-stakes decisions is what boardsmanship is really about,” says Ward.

pinkDirectors who do have solid corporate board experience need to do a better job of spelling it out, Ward advises, with dates, committees and achievements. Most impressive — “showing a trajectory of board growth” into board and committee leadership, especially in finance, strategy, turnarounds or fund raising.

Also in the June Boardroom INSIDER:

pink Who says activist investors struck out in proxy season ’15?
pink Do you need a board-specific “conflict of interest” policy?
pink Why have board nominating committees suddenly become a hot spot?
pink Q&A: Are there online board portal dangers I should watch for?