Filling the Gaps: What To Look For In A New Board Member

Advisory Boards are constantly in a state of flux; industry trends and economic fluctuations, as well as an increasingly reliance on technology, often mean that new expertise or fresh knowledge is in demand. The successful evolution of a Board is critical in sustaining any company’s continual achievements, yet conducting an effective Board Search and obtaining the ideal Board composition is often easier said than done.

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Is Your Board Making The Best Decisions?

Board Directors play a significant role in the success of many organisations, from providing key insights and approving strategic plans to offering overall governance wisdom that fuels company triumph. As a Board Director, you most likely have a lot of faith in the decisions your Board makes and the knowledge and value contained within. Yet how can you be completely sure that your Board is making the best decisions for the organisation? 

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Getting On Board With Personal Branding

The media landscape has significantly changed the way we approach our professional careers and our personal branding – and never has this been more important than when it comes to creating a successful Board Portfolio. Far from the days when an executive CV was all that was needed to find a Board position, personal branding has grown over the past decade or so to play a substantial role in creating a comprehensive view of who you are alongside your value, expertise and visibility in the industry. 

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Is Your Business You-Proof?

Whether you’re planning to sell your company sometime soon or sometime in the future; now is the time to ensure that your business isn’t all about you. From the latest Sellability Score* research involving 2300 companies from around the globe, here are two key factors that are linked to the probability of getting an offer for your business when it’s time to sell.  

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Introducing Social Media Into Your Brand

Social media is one of the most powerful and reliable resources at you have when crafting, growing and marketing your personal brand. While personal branding is much more than social media alone, introducing social media into your personal branding strategy is often considered essential in our current technology-driven world and it is an invaluable branding outlet for many CEOs and leaders of today. 

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The Importance of Due Diligence Before Joining a Board

Joining an Advisory Board is a highly rewarding and lucrative career move – but what if you join a dysfunctional board? Dysfunction and conflict on Boards is more common than you think and is the key reason behind short-sighted decisions and weak strategies. Due diligence is extremely important before taking on a Board Director role and is mandatory in reducing your reputational and personal risk. 

 

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Deconstructing Boardroom Conversation For Better Outcomes

Effective boardroom communication is critical in ensuring the expert functionality of a Board. Yet many boardroom conversations can fail; they can end up going around and around in circles, erupting into a battle of egos and personalities that lose sight of the organisation or they can be dominated by certain Board Directors while others fail to speak up or voice their concerns about the decisions being made.  

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Mastering Boardroom Conversation

Boardroom conversation is a strategic tool that can be utilised to encourage insightful evaluations and decisions that are critical to a Board’s collective governance. A lack of effective communication between Board Directors (and subsequently between Board Directors and Company Directors) can lead to poor decision-making, dysfunctional behaviour and weak outcomes for the organisation. 

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The C-word and 7 Other Words to Avoid at Work

Despite the mining industry getting all of the headlines, the majority of businesses in Australia today started out as service companies. But, if you want to build a valuable company – one you can sell – you’ll want to stop presenting yourself as a service firm. 

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The Damage Done By Dysfunctional Boards

Very few situations can be more damaging for an organisation than that of a dysfunctional Board. It’s bad for the bottom line, can tarnish or destroy entire brands and leaves an ugly stain on the reputations of the company’s Directors.

By: Chris Sheedy
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