Traditionally, what makes someone qualified for a board seat is experience, knowledge, and skill. But the business climate in the 21st century has been changing. Three changes that board members need to understand today include:
1. Knowledge
Knowledge is universally available and can rapidly become obsolete.
2. Uncertainty
The business climate is one of increasing uncertainty and risk.
3. Business environment
The business environment, itself, is more global and diverse than ever.
Those that have been tested in the fires of disruption and transition show a capability for value creation in today’s world. Can you demonstrate being tested in these fires?
Following are some useful resources to help you ensure you have the experience, knowledge, and skill required to be a successful next generation board member:
- Top 7 Challenges for Public Company Director Candidates
- Top 10 Due Diligence Mistakes Made by Board Candidates
- 3 Steps to Get a Board Seat in 2014
You can also join a webinar (paid) I’m leading next week to learn more: Becoming a Public Director: Do You Know What It Takes?
Tracy Houston
Tracy E. Houston, M.A., is the president of Board Resources Services, LLC. She is a refined specialist in board consulting and executive coaching with a heartfelt passion for rethinking performance, teams and the boardroom. Her company, Board Resource Services, LLC, is online at www.eboardmember.com and www.eboardguru.com. You can follow Tracy on Twitter @BoardGuru. Headquartered in the Denver, Colorado area, Tracy is an avid hiker.
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