– Talent4Board Inc. – “How to help you position for a Board seat” –
That is an interesting question as many new members of their very first Board of Directors wonder how to position themselves to be more visible for a possible application for an additional directorship.
While this may sometimes seem odd given the quality of the individuals’ experience and the high level of his/her career, they are often uncomfortable positioning themselves for a non-executive position when their entire career has consisted of management and decision-making, if not hiring top talent.
Nominees may even lose their confidence during an initial interview with the Nominations Committee or the Board Chairman. They sometimes find it difficult to project themselves into a non-executive role, which can lead to concerns about their possible too much involvement or control of the executive committee when on board.
During these interviews with the nomination committee, they must consider how to properly reposition his/her experience and competencies in the context of the mission and duties of a “non-executive” board member.
Top executives tend to underestimate their Board experience compared to their CxO experience. It’s a pity. This can often be seen in their LinkedIn profiles, which detail their executive positions while neglecting or omitting their board experience.
On the contrary, they should take care of sharing these specific experiences that can be out of their industry and core businesses, in other contexts (not at the helm), and indeed enhance their market value.
No need to detail the experience, but one block per Board is necessary, except if a Board position is attached with a CxO position (in that case, one unique block).
Just mention if an Executive, Non-Executive (and Independent) position within the Board, and if you are a member of one or more Board committee(s), or if you have a specific responsibility (chair, vice-chair, Lead or Senior Independent Director, Chair of a Board committee)
People interested in your board experience know what it’s all about, so get to the point. No need to detail a Board position because the people involved are familiar with the duties, except if you have specific elements such as an M&A operation, an IPO… which are interesting events to mention.
By Olivier Dellacherie, Executive Chairman, Talent4Boards Inc.
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