Boardroom INSIDER for… JULY

CORPORATE BOARDS – AN EXPENSE… OR A BARGAIN?

Though the world’s larger, publicly-traded corporations may like to advertise their board of directors as an asset, most secretly grumble about the costs of compliance, director pay, outside consulting fees and administrative work boards generate.  But the July issue of online monthly Boardroom INSIDER flips this idea around, and suggests that corporate boards are actually a strategic bargain.

Ralph Ward, BI publisher and governance trainer, writes that the typical board talent bench “offers expertise that matches any consulting firm, at a fraction of the cost.” And unlike consultants, board members have both tenure and skin in the game for long-term focus.  “They’ll be sticking around to answer for results,” notes Ward.  Still, most management teams make too little use of their resident boardroom knowledge, networks and savvy.  “View the board as an investment for insight and strategy.”

  Also in Boardroom INSIDER for July…

Employee surveys and exit interviews offer boards deep intel on company culture
Latest tips and tools for board audit committees
Q&A: “Don’t let the board see this!”

——————————————————————————————————————–

My new Udemy Claim Your Seat in the Boardroom online course is for C-level career executives, entrepreneurs, investors, company founders, and all of you who’ve reached a career level where board service is a real potential opportunity.  Included are Q&A thought starters and “homework” projects to round out the course.  

Ralph Ward’s latest book, Board Seeker: Your Guidebook and Career Map into the Corporate Boardroom (Business Expert Press) gathers 20 years’ experience in board counseling and research to give “board wannabes” the steps and insights needed to craft a successful board search campaign.
NOW ON AUDIOBOOK.
— Here’s why you have more “board experience” than you think (and why your current resume hides it).
— How women can jump the career obstacles they face into the boardroom.
— Finding your board search mentors and networks.
— How board searches really work (and how to turn flaws in the process to your advantage).
— Gaining the attention of board contacts and search firms.
— Prepping for a board interview… and for your first board meeting.