Traditionally, what makes someone qualified for a board seat is experience, knowledge, and skill. But the business climate in the 21st century has been changing. Three changes that board members need to understand today include:
Knowledge is universally available and can rapidly become obsolete.
The business climate is one of increasing uncertainty and risk.
3. Business environment
The business environment, itself, is more global and diverse than ever.
Those that have been tested in the fires of disruption and transition show a capability for value creation in today’s world. Can you demonstrate being tested in these fires?
Following are some useful resources to help you ensure you have the experience, knowledge, and skill required to be a successful next generation board member:
- Top 7 Challenges for Public Company Director Candidates
- Top 10 Due Diligence Mistakes Made by Board Candidates
- 3 Steps to Get a Board Seat in 2014
You can also join a webinar (paid) I’m leading next week to learn more: Becoming a Public Director: Do You Know What It Takes?