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The Savvy Director Blog

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Wherever you are on your governance journey, you'll find this is a place to build your knowledge, discover the latest thinking, and explore valuable insights about your director role. 

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Risk Instigator

prepare for meetings May 19, 2024

This blog shows how directors can initiate meaningful risk discussions, even in boards with low risk awareness. It provides practical steps to build momentum and embed risk thinking into governance.

Here’s a recent email from a DirectorPrep member: “I am serving on a board that does not have much understanding of risk management. What suggestions would you have to get the discussion going?”

That’s a great question from a risk instigator – a board director who’s looking to find a way to push ...

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Boost Your Meeting PREP with AI

prepare for meetings May 05, 2024

For the modern board director, using AI to help prepare for board meetings allows you to do two things at once.

First, you’ll increase your comfort level with generative AI. Experts advise board directors to increase their awareness and knowledge of AI. One way to start is to get hands-on with an AI tool that suits your own purposes.

Second, you can turbo charge your meeting PREP, making the whole process faster, easier, and more robust.

 

Ready for Your Board Meeting?

Modern directors ne...

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Getting in Gear

I like the metaphor of “getting in gear” to refer to the topic of board engagement. It’s a familiar phrase that means “starting to deal with something in an effective way.” When a board of directors gets in gear, it starts to deal with the issues and concerns in front of it in an effective way. In other words, it makes an impact. 

To stretch the metaphor just a bit further, let’s think of individual directors as the gears. When directors are appropriately engaged, they work together to change...

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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 carefully is easier said than do...

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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 management get together to deci...

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Hit the Ground Running

This blog explains how new directors can quickly become effective contributors. It highlights the importance of ongoing onboarding and taking ownership of the learning process.

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 o...

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Responsible AI for Board Directors

prepare for meetings Mar 17, 2024

In the last couple of weeks, DirectorPrep has released ChatDPQℱ, 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 built around Microsoft’...

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The Accurate Thinker

think independently Mar 03, 2024

 

This blog explains how accurate thinking helps directors distinguish between facts and opinions. It shows how better thinking leads to better board decisions.

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 19...

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The Importance of Being Compliant

Compliance may not be exciting, but it’s essential to governance. This article outlines how boards can oversee compliance programs and manage regulatory risk effectively.

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 i...

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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 strategy can produce innov...

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