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We often hear from readers looking for ways to elevate their boardroom discussions to a more strategic level. That makes sense. Strategic discussions are more interesting, forward thinking, and robust than those that drill down into the minutiae of operations.
When the agenda and reading material don’t reflect the organization’s high level strategy - instead being filled with pages of execution detail and ‘busy work’ metrics - is it any wonder directors slow the meeting down with operational questions? They’re just responding to what’s put in front of them.
Directors work on what you give them. If you give them an agenda focused on committee reports, they’ll spend their time listening with minimal input. In fact, if you don’t give them anything to work on, they just might work on you.
Instead, the key to achieving a consistently elevated board discussion – one that engages directors at a strategic level - is a relentless...
“There’s increased pressure from stakeholders to be more transparent and accountable on ESG performance no matter what the size of the company is.” - Roopa Davé, Partner, Sustainability Services, KPMG
Your success as a board director isn’t about how smart you are, it’s about your willingness to do the work. I’m calling it ‘Boardroom Grit’. Is there such a thing?
Think about the wealthy dude who gets a seat at the high profile charity board table because of the size of his family’s foundation and the potential for a sizeable gift someday … how gritty is that when he never opens the meeting materials and confirms that reality with his off-topic comments and rabbit-hole questions?
Today’s Savvy Director blog topic was inspired by the best-selling psychology book, ‘Grit: The Power of Passion and Perseverance’ by Angela Duckworth.
While Dr. Duckworth shares extensive research demonstrating that talent alone is not enough to ensure achievement, it was her many real-life examples in athletics, the arts, medicine, business, and academics, that I found so compelling.
Her premise?
Talent without intentional practice is a...
Directors - both new and experienced – often struggle with differentiating their role from that of management. As a board member – whatever the nature of the organization you serve – you want to get a handle on your governance role.
“I would like to find out more about / receive a refresher on the division of governance and operations – what falls under governance, operations, or possibly joint responsibility.” – A Savvy Director reader
“I found it hard not to dabble in operations - I know I tended to ‘takeover.’ That's a skill challenge worthy of sharpening up on, in my humble opinion.” – A Savvy Director reader
The traditional advice is that there’s a bright line between the role of the board and that of management. It’s an attractive idea, but the reality is not that simple.
There’s always a line down the center of the road, marking distinct lanes that keep...
“Sharpen the Saw means preserving and enhancing the greatest asset you have – you.” – Stephen R. Covey
It’s been 30 years since Dr. Stephen R. Covey published his bestselling book The 7 Habits of Highly Effective People, but it’s still going strong. And one of the most enduring of Dr. Covey’s seven habits is to ‘Sharpen the Saw.’ It’s about taking the time for self-renewal - constantly improving to become our best selves.
For the Savvy Director, that means investing the time and energy to keep up-to-date on trends in board governance, and to stay connected to how the field is evolving to remain relevant in our rapidly changing world.
On that note, have you noticed that, as the year draws to a close, newspapers, magazines, and television have a habit of sharing their lists of 'Best Of … ' or 'Favorites' or 'Top' choices for books, movies, toys, gadgets … or whatever it is they are focused on?
This year at...
“This is a place for us to engage on topics that can help us on our respective journeys toward becoming savvy board directors – directors who are always prepared for our board meetings, ready to collaborate, contribute and influence decisions.“This won’t be a blog for everybody. But it will be a place for directors interested in upping their game at the board table, no matter the size of the board or the type of organization.”
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