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Getting Board-Ready: Keys to Landing a Paid Board Position

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CAP STRAT

We are committed to helping women diversify the Boardroom. As we said, raising our voices and owning our power has never been more important than it is today. Not only do we benefit, but our families, communities, and companies also benefit.  Owning your voice and power is true with your finances, too.  Please let us know if you would like to have a conversation with us.

Key Tips and TakeAways

Participating on nonprofit and industry association boards is a great starting point to begin to learn how boards function, including governance processes and the duties and functions of varying Committees. Your fellow board members can be valuable additions to your professional network.

Pursuing a board seat requires you to make a commitment versus maybe I will do this or try to land another executive position, whichever comes first. It could take at least a year to land a paid board role; and it must be for more than financial reasons – to give back, offer your talents and contribute to an organization’s growth and success.

Consider hiring a coach specifically or finding resources to help you get Board ready.

Reflect on your experience and areas of expertise.

What do your brand and value add to a board? Can you communicate that effectively?

Develop your board resume/profile, which is different from a career resume. It needs to be strong enough – and have the right content and structure – to at least get through the first pass of the Nominating Committee’s review.

Build your network, through your personal contacts, especially Csuite execs and fellow nonprofit board members.  Consider joining groups like Private Director’s Association (PDA) or Intouch Networks for educational as well as networking opportunities.

In your journey to land a board position, remember it has to be a good fit for you, too. Thoroughly interview other board members to learn more about the company and board.

Email the CAP STRAT Team with any questions at [email protected]! Or call us at 630.320.5100.

http://capstratwomensforum.com/

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To the extent that any portion of the information submitted by CAP STRAT contains material that is copyrighted, the recipient shall observe the protection of such material as provided under applicable copyright laws. Past performance does not guarantee future results. Diversification does not guarantee investment returns and does not eliminate risk of loss. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal, or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. International investing involves a greater degree of risk and increased volatility. There is no guarantee that companies that can issue dividends will declare, continue to pay, or increase dividends.

posted by gwastadol56