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June 15th Luncheon “Takeaways”

DSC_8133smBoard ready is different for different boards but in general: Boards look for skills that fill a gap among the board members. They look for executive/C-Suite experience. Governance experience and knowledge is a key “readiness” factor. Over and above skills and experience, there must be a cultural, personal “fit” with the rest of the board, so self-awareness and chemistry are key to board selection. You need to know and be able to articulate the value that you bring to the specific board. At a minimum, financial literacy is a must because it’s the “language of business”. You can also be very impactful on private boards and they have much less compliance and regulatory requirements. Then lastly, timing is everything to become a board candidate and to help that, TELL people you are interested-in a very intentional way.