Boardroom INSIDER for… OCTOBER
“STRATEGIC” BOARD TALENT RECRUITING GETS REAL
For decades, board members at the world’s biggest corporations have been selected through cronyism, family ties, investments, star power… anything but strategic ability to add their skills to the company’s governance. But an article in the October issue of online monthly Boardroom INSIDER spots a global trend toward recruiting board candidates for specific talents and qualifications that will improve corporate oversight.
Governance failures, tougher investor demands, and new regulations are “tipping the balance toward targeted boardroom recruiting,” writes BI publisher and business trainer Ralph Ward. For the first time, he notes that we’re seeing “boards lay out talent profiles, and then seeking them, rather than rationalizing the folks already in the boardroom.”
Current global boardroom profiles spotted in BI include: Digital, cybersecurity and cryptocurrency. The “scary speed” in how tech has taken over commerce make expertise a boardroom must. Diversity. Even closely held and family company boards “no longer feel comfortable with an exclusively pale, male makeup.” ESG. No corporate board today can avoid discussing environmental, social and governance concerns, and Ward notes they need talent “who can help understand where ESG trends are pointing.”
Articles in the OCTOBER issue include:
- Boosting board communications with the CISO for tech security.
- The new M&A challenges confronting boards.
- Q&A: Our new CEO has “emotional intelligence” gaps – what can we do?
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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).
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— Finding your board search mentors and networks.
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— Prepping for a board interview… and for your first board meeting.