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The Savvy Director Blog

Welcome to The Savvy Director™ blog, a place to engage on board governance topics as you travel the path to being a savvy director. 

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What's Better than Why?

Is asking “why?” a good question for the boardroom?

A "why" question can work well during a board meeting because it can help clarify the reasoning behind decisions or actions that the organization has taken. A "why" question can also help uncover potential issues or challenges that may need to be addressed. However, it’s important to frame a “why” question in a constructive way to avoid appearing confrontational.

In the heat of the moment, framing a question...

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"If we weren't doing it now, would we start?"

prepare for meetings Apr 13, 2024

If your board is typical, there’s time set aside in the board calendar to discuss strategy – at least I hope there is! Usually, there’s an offsite strategic planning session every few years, maybe an annual board retreat that includes a strategy update, and hopefully there is time allocated on most meeting agendas to check in on progress against the strategic plan.

Over the years I’ve participated in quite a few strategic planning sessions. The board and senior...

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Hit the Ground Running

When we join a board, whether or not we have prior experience as a director, we all hope to ‘hit the ground running.'

We want to make a difference sooner rather than later.

And our boards share that wish. They want to set up their new directors for success – feeling comfortable and able to make a contribution early on. That’s why many boards hold an orientation session – a few hours devoted to helping new directors get on their feet.

I set out to find out what a new...

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Asking Follow-Up Questions

ask great questions Mar 23, 2024

A week or so before a board meeting, savvy directors start their PREP work to make sure they’ll be ready to take an active part in the meeting and add real value to the board’s discussions. Part of their PREP work is compiling a list of potential questions to ask – the kind of great questions that get to the heart of issues and help the board move forward.

The management team is probably thinking about questions too. What questions might they have for board members that...

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Responsible AI for Board Directors

prepare for meetings Mar 17, 2024

In the last couple of weeks, DirectorPrep has released ChatDPQ™, our brand new AI-powered resource, custom-designed for board directors like you and me. It’s a tool that provides easy, time-saving access to high-quality insights on anything to do with boards and board work. ChatDPQ replaces the DirectorPrep Questions App (DQA) and, just like the DQA, it’s available exclusively to DirectorPrep members.

I learned from DirectorPrep co-founder Dave Jaworski that ChatDPQ is...

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Helping Others Find Their Voice

Does it sometimes feel as though you hear from the same few directors at every board meeting? What about all the others? Why do they stay silent? And more importantly, what can be done about it?

These days, many boards are consciously pursuing more diversity around the board table. The benefits include exposure to a variety of viewpoints, a range of experiences to draw on, and greater insight into stakeholders’ concerns and perspectives. But board diversity won’t deliver on its...

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The Accurate Thinker

think independently Mar 03, 2024

 

Accurate thinking is a process that helps us differentiate between relevant and irrelevant facts. It’s an important skill to have whether we’re reviewing board materials, presentations, books, newspapers, or even when watching our favorite political news television channel.

The phrase was coined by success guru Napoleon Hill in the 1930’s. I’m endlessly fascinated by the influence of Hill’s 17 Principles of Personal Achievement that have been read in...

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Strategic Thinking Skills

think independently Feb 24, 2024

Every board of directors is looking for strategic thinkers. And if you’re working on your Board Value Proposition, you’ll probably want to highlight your own skills in that area.

So, what exactly are we talking about when we refer to strategic thinking skills?

I searched in vain for a standard definition of the term “strategic thinking,” but I found there really isn’t one. Still, there’s been a lot written about how important these skills are for...

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The Importance of Being Compliant

I frequently read these days that boards are spending too much time on oversight (which is typically described as a “check-the-boxes exercise”) and not enough on the future. While I agree that boards need to allow enough time for robust discussions of strategy, that doesn’t mean that the responsibility for oversight can be ignored.

Overseeing corporate compliance may not be a topic that garners much attention, but it remains a key governance responsibility. Savvy Directors...

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The Way We Do Things Around Here

prepare for meetings Feb 11, 2024

This is the third of three articles on the topic of human capital. The first, Overseeing “Our Greatest Asset”, dealt with the board’s role in Human Capital Management and the second, The Talent-Savvy Board, dealt with Talent Management. In this article we explore the importance of organizational culture.

An organization’s culture can make or break a brilliant strategy and build or damage the careers of experienced executives. A positive culture that aligns well with...

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