While being asked to serve on a board is an honor and presents an exciting opportunity, board service carries risk. Prospective directors must take the time to fully understand what they are signing up for. Andy Knox has great experience in helping companies find directors and helping directors find out if they should join a particular board. Listen to this show to hear what you should consider before accepting or continuing to serve on an organization's board!
LISTEN: SEGMENT ONE
Is a board position as attractive as it used to be? Are they reconsidering this? How has the perception of being a board member changed over the last ten years? And has SOX a positive or negative effect on potential board membership? Andy talks about how this effect recruitment and selection of board members.
LISTEN: SEGMENT TWO
What should a prospective board member look for when they are deciding if they should join a board? How do board members assess risks before deciding to join a board? How does a company such as Korn Ferry help board members evaluate a board position?
LISTEN: SEGMENT THREE
How does a company identify, evaluate and select the RIGHT board member for their company? What are the drivers for looking for a board member? How does the company deal with more specific request from dissident shareholders, activist shareholders, and so forth? How does that affect the board dynamics?
LISTEN: SEGMENT FOUR
How do board members interact with executive management in this increasingly complex environment? Does increased board responsibility require the board to build succession plans for board members? How do you deal with a board member that is not a fit with the board?
