Preparing to Be a Corporate Director
"Most senior executives know what a board generally is, but they haven't been on the other side of the table."
"Most senior executives know what a board generally is, but they haven't been on the other side of the table."
What You Will Learn
Through interactive lectures and global case studies, this program will delve into board issues that apply to organizations from any industry or geography. In addition, during an evening panel discussion, a group of experienced executives will share how they have leveraged board service in their career strategy.
Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.
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What You Will Learn
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Through interactive lectures and global case studies, this program will delve into board issues that apply to organizations from any industry or geography. In addition, during an evening panel discussion, a group of experienced executives will share how they have leveraged board service in their career strategy.
Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.
Key TopicsCollapse All
Fundamentals of corporate governanceFundamentals of corporate governance
- Examining the role and purpose of a corporate board
- Understanding fiduciary and legal duties of the board
- Reviewing the different types and structures of corporate boards
- Recognizing how the role of a director differs from that of a corporate executive
- Analyzing how board roles vary in companies at different stages of their life cycle, and in public versus private companies
Key Responsibilities for board directorsKey Responsibilities for board directors
- Overseeing corporate strategy and assigning strategic tasks to management teams
- Managing CEO selection, succession, and compensation
- Guiding mergers, acquisitions, and other corporate control events
- Overseeing the renewal and evolution of roles on a board
- Monitoring financial reporting and risk management functions
Group dynamics on a corporate boardGroup dynamics on a corporate board
- Working in a position where authority is shared by multiple individuals
- Succeeding as an influencer while operating as an outsider with part-time responsibilities
- Collaborating effectively with highly accomplished peers
- Transitioning from serving as an executive to serving as a board director
Influence of board committeesInfluence of board committees
- Overseeing financial reporting on the audit committee
- Managing executive compensation on the compensation committee
- Shaping or changing corporate culture
- Managing risk in the corporation
Opportunities on corporate boards Opportunities on corporate boards
- Comparing how board seats differ on private boards versus public boards
- Realistically assessing the duties and time involved in board membership
- Weighing the pros and cons of joining a board during retirement versus earlier in a career
- Evaluating board invitations and other prospective opportunities
"Most senior executives know what a board generally is, but they haven't been on the other side of the table."