Excellent advice for founders looking to up their board room game.
Frequently, founder’s and CEO’s focus on the “oversight” function of their Board, and miss the opportunity to learn and grow with the support of their Board. As a serial entrepreneur, Corporate Director and CEO Coach, I am not only a CEO of an AI software company, but I also talk with a lot of entrepreneurs and CEOs. It has become clear to me that Boards of Directors and Advisors are an enormous, untapped resource for most entrepreneurs.
It’s important to know that anyone who’s had any board training has been cautioned that THEY are not the executive and they’re not supposed to jump in and try and do your job. They want to respect your right to make decisions, and to make mistakes.
3) Be deliberate about seeking mentorship and advice from your Directors. Ask them what you can do to improve and ask them for any weaknesses in your leadership that they detect. Further, ask them to share their experiences that may benefit you and the management team. Individual calls with your Directors over the year is a good time for this.
Welcome questions from your Board Great Board members will come to your meetings with their own questions. Of course, if you’re inviting them to add them to your agenda, you may already know what they are! I received powerful advice from an experienced Director – as a Board Member, come to every Board meeting with two thought provoking questions. Great Board members will bring questions, thoughts and comments. Don’t assume that these are “gotcha’s”, but rather opportunities to learn and share.
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