Now that the worst of the financial meltdown seems to be behind us and we begin conversations around modernizing our current form of capitalism, boards may begin to contemplate this new normal and what traits for new directors are essential. Here are my five traits for this new normal: 1. More World-Centric America's identity as the most powerful capitalistic market in the … [Read more...]
Unanimous Illusion in the Boardroom
One of the downfalls I see in boardrooms is what Daniel Goldman calls “unanimous illusion.” Goldman defines this as a behavior that, once a group adopts a belief, individual members are likely to believe it is true. All the more reason for directors to ask questions during board meetings on a broad range of topics of critical importance to their oversight role. This … [Read more...]
Situational Awareness in the Boardroom
If you want to be influential in the boardroom, foresight is essential. To do this, a director must anticipate the conversational direction and decision-making voices in a dynamic boardroom debate. To begin the process of becoming more influential, start with observing. Watch the actions of the directors during the board meeting, and ask yourself the following … [Read more...]
When Emotions Run Strong in the Boardroom
There is a time when emotions run high in the boardroom. You “know” you are “right.” You “know” you are the one with the “truest” position. You are also on the road to gridlock. To be more effective, the goal is to alter your emotional tone, listen, and not attack. Some call this emotional intelligence; some call it truth-seeking habits; and others just plain old respect. … [Read more...]
Is the Boardroom Your Career North Star?
If your career goals include a public company board seat, make the three lists discussed below to keep focused on your goal of becoming a director. This is a quick, easy way to keep your “North Star” priorities. Make time to update them monthly and stay on track. Win List This list includes new people you have met who are also on the journey to the boardroom. Maybe you shared … [Read more...]