You want a seat at the B-Suite? - BusinessWorld Online

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OPINION | You want a seat at the B-Suite? [MAP Insights By Ma. Aurora D. Geotina-Garcia] READ:

With the push towards good corporate governance, there is no question that having competent individuals sitting as Board members, more so if they are independent and external directors, can bring valuable experience and provide value to a company through its different growth stages.

One’s network, connections, and influence are likewise important. Without disregarding the technical skills, there is some truth in the saying that “it’s not only what you know but also who you know.” Having a strong network will be valuable to the organization in accessing resources through the directors’ contacts, promoting the company and its interests, and enhancing its reputation. I must add a word of caution on being politically connected, as this can sometimes be a disadvantage.

Assuming you have built your credentials, the next challenge is to land in the shortlist of potential candidates. Here are some practical tips for your consideration: • Keep track of potential vacancies, especially for PLCs and industries, where regulators have set term limits for independent directors.• Tap the network you have built for referrals.

 

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