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Corporate Board of Directors Questions
Posted on 10/27/22 at 11:02 am
Posted on 10/27/22 at 11:02 am
Has anyone here served on a corporate board? If so, how was your experience? Has it helped you with networking and career growth?
How do you go about finding an opening on a board of directors? Would it be worth contacting the business school of your graduating college as a starting point to get your foot in the door with a local company?
I have a general interest in serving on one and I have found some good articles on how to make yourself marketable for a position. What seems to be missing for me is how to go about finding an opening.
How do you go about finding an opening on a board of directors? Would it be worth contacting the business school of your graduating college as a starting point to get your foot in the door with a local company?
I have a general interest in serving on one and I have found some good articles on how to make yourself marketable for a position. What seems to be missing for me is how to go about finding an opening.
7
Posted on 10/27/22 at 11:12 am to RickAstley
Use lots of buzzwords and kiss major booty at the tailgates.
This post was edited on 10/27/22 at 8:51 pm
Posted on 10/27/22 at 11:29 am to RickAstley
I do consulting work with a bunch of local companies and none of them have a "Corporate Board". I think those kind of gigs are more so with mid-size 200+ employee companies, but networking and professional progression are how you get into them, not what you get out of them.
Posted on 10/27/22 at 11:57 am to RickAstley
It's usually easier to get on a not-for-profit board first...probably because nobody wants to do that. Could be a good stepping stone, though.
LINK
LINK
Posted on 10/27/22 at 12:54 pm to RickAstley
The second most important thing you can do is have a skill that makes you a good fit on the board... as HR, finance, operations, etc. When the board is evaluating something, it helps to be an expert.
The most important thing you can do is to know the right people. I don't care what anyone says... every corporate board member is somehow connected to the CEO / company / each other.
The most important thing you can do is to know the right people. I don't care what anyone says... every corporate board member is somehow connected to the CEO / company / each other.
Posted on 10/27/22 at 12:55 pm to FinleyStreet
quote:
It's usually easier to get on a not-for-profit board first...probably because nobody wants to do that.
Most non-proift boards of any distinction usually come with a fundraising requirement / expectation.
If that's not an issue... then yes... that's a great way to expand your network.
Posted on 10/27/22 at 5:31 pm to RickAstley
quote:
Has anyone here served on a corporate board?
I serve on an advisory board now. I’ve been nominated for a position on the corporate BoD with the same organization. We’ll see what happens at the December vote - but I’m told that’s more of a formality. I’m close to retiring from my day to day job, so for me, this gives me a chance to use the skills that I’ve built up over the years and hopefully contribute to the betterment of the company. The time commitment won’t be severe, so I should have no issues continuing to run my options trading business, while still serving there.
Posted on 10/27/22 at 8:22 pm to RickAstley
I was on a Credit Union Board and enjoyed the experience. If you are talking about large company boards, that is a good ole boy network of Senior Management types. Very rare for a regular person to get on that type of board unless you meet some diversity criteria.
Posted on 10/28/22 at 12:07 am to RickAstley
It’s not without risk. When the banks failed in the 80s oil bust, the FDIC and other agencies that took over the banks sued the hell out of the directors for allegedly shoddy management. Many were community leaders with lots to lose. If lucky, they had D&O coverage. Even so, they had to endure years of litigation.
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