Monthly Archives: March 2016

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31 03, 2016

Top 5 Tips to Help You Become Financially Literate to Serve on a Corporate Board

By |2016-03-31T13:19:53-04:00March 31st, 2016|Uncategorized|0 Comments

Every Board member has a financial oversight role. Even if you don’t have financial expertise, you are still expected to have a level of financial literacy. This means that you need to have an understanding of the fundamental concepts, conventions and principles underlying financial statements. Top 5 tips to help you become financially literate for corporate boards: Develop a plan and begin the work. Begin by reviewing the annual filings of TSX listed companies that you are interested in. Look for a mentor or someone who has financial expertise. Ask someone you know that has financial expertise if you can spend time with them over the next year to help you understand financials. Do your financial due diligence before joining corporate board. Review the annual audited financial statements, quarterly financials, [...]

16 03, 2016

Top 3 Tips for Building Your Board Profile

By |2016-03-16T16:26:25-04:00March 16th, 2016|Getting Board-Ready|0 Comments

Getting started on your board journey includes building a board profile. So, how does one go about it?  It starts with asking yourself what your value proposition is, and what unique skills and experience you bring to a board. Here are my 3 tips for helping you build your board profile: 1. Define your unique value proposition Boards are made up of a diversity of thought with members bringing different culture, experience, gender, ethnicity, age and geographic representation. So, what is it that you can bring to an already diverse board? What is your unique board value proposition? Think of it like an "elevator pitch" where you have 10 seconds to tell someone what you bring to a board. In my case, I say that I have entrepreneurial and financial [...]

2 03, 2016

Preparing for a Board Interview

By |2016-03-02T17:18:51-05:00March 2nd, 2016|Getting Board-Ready|0 Comments

You have been asked to a board interview. Congratulations!  Now that you have landed the interview what do you need to do to prepare? A board interview is similar to job interview in that you want to put your best foot forward. Where board interviews differ is the preparation from a governance point of view rather than from a management viewpoint. Top ten tips to help you prepare for a board interview Understand conflicts. Ask for their corporate calendar and make sure it doesn’t conflict with your other current boards — also ensure that you have the time to commit to this board. Are there other conflicts that you have to be concerned with like your current employer, financial or related parties? Know your value proposition. What value-add you will [...]

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