21st Century Boardroom Leadership Skills

Strategies for Effective Board Membership

Become An Effective Leader In The Boardroom

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Venue Starting Date Duration Fees Join Now
London - UK , 20210726 26 - Jul - 2021 5 - Day $5,750 Register
Dubai - UAE , 20211212 12 - Dec - 2021 5 - Day $4,750 Register

COURSE OVERVIEW

This program is designed to provide board members with the skills and knowledge to develop a winning vision and business strategies that give shareholders value and creates competitive advantage. How should boards make leadership decisions and ensure these become the road maps for developing good execution tactics and measures? How should boards address evolving leadership needs in areas such as board recruitment, board effective¬ness, succession planning and manage boardroom and executive conflict for organizational effectiveness? What do boards ask the management team while minimising conflict of opinions?

The changing nature of governance in the global business economy means today’s boards of directors must rethink the way they view, address and communicate strategy. The strategy has become a greater concern for boards, thanks largely to its close link to competitiveness and sustainability – both of which have become harder to achieve in today’s turbulent and hypercompetitive business environment. The strategy is also tied to another important board concern: risk management, which can be defined as anything that prohibits strategy goals from being attained. Strategy competencies have changed from a “nice to have” to a fundamental requirement for all directors, to ensure the board fulfils its expected role. Digitalisation only adds weight to this new requirement, which in earlier days was filled by a few directors, or by executives and consultants. However, the strategy is not something that can be delegated solely to executives – even when they typically play a major role in proposing, executing and evaluating strategies.

LEARNING OBJECTIVES

Participants on this Board Member training course will be able to:

  • Deepen your understanding of the strategic challenges brought about by today’s global environment (from both internal and external perspectives).
  • Review and explore how boards, in collaboration with executives, can play a role in anticipating and overcoming such challenges.
  • Know what resources are required to ensure that strategies can and will be executed with discipline (and with reduced conflict).
  • Engage with topical issues such as the growing impact of digital technology on strategy and organisations and on the role of the board.
  • Practice formulating, implementing and evaluating strategies in a board environment.
  • Develop your strategic competencies as a director

TARGET AUDIENCE

This Board Member training course is designed for executive and non-executive board members. It is also useful for senior professionals who wish to become a board of director.

TRAINING METHODOLOGY

This practical and results-oriented Board Member training course is based on adult learning concepts The facilitator will give plenty of input and then help participants to make sense of the themes through discussion and practice. It incorporates short inspiring demonstrations, role play and much practice to enhance learning. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The course will reinforce key concepts within an inspiring and engaging learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

COURSE CONTENTS

Module 1 - Your Impact as a Board Member

  • Description:

    On Day One we find out how much you know about the duties of board directors

  • KeyTopics:

    • An overview of a board member’s role, responsibilities, legal requirements and what is expected of you by the company
    • Being a unitary board and demonstrating alignment
    • Defining and communicating a compelling organizational vision and winning strategies
    • Minimizing failure – reduce poor strategic choices and failure to execute the organization’s strategies and plans.
    • Know the business and its key issues
    • Know your board colleagues and who they are: their behaviour, style, agenda, interests
    • Know yourself, be clear on your strength and weaknesses

Module 2 - First Steps

  • Description:

    On Day Two we look at the purpose of a board and study what makes boards truly effective

  • KeyTopics:

    • Carrying out the four key tasks of the board
    • Assessing how effective your board is
    • Know the Chair and other board members
    • Understand the personal commitment and input to make at board meetings and the board meeting process in general
    • Understanding the executive team and other key people (including non-executives) to minimize risk and conflict or misunderstanding
    • Be ready for board meetings

Module 3 - Creating Value

  • Description:

    On Day Three we reflect on your involvement and behaviour in board meetings.

  • KeyTopics:

    • Understanding minutes, board papers and reports
    • Preparing questions in advance
    • The pros and cons of pre-meetings and sub-committees
    • Your expectations based on the previous meeting (and recorded actions)
    • Board recruitment and on-boarding
    • Boardroom succession planning

Module 4 - Staying Relevant and Credible

  • Description:

    On Day Four we look at the board’s work in communicating and engaging all stakeholders

  • KeyTopics:

    • Communicating board decisions and monitoring/scrutinizing results
    • Managing the fate of the business when, at the start of the financial year the baton is handed to management, first-line supervisors and the employees who report to them to start executing the plan
    • Ensuring the business meets its revenue targets and manages its cost base.
    • What makes a great board?
    • What does it take for the board to stay relevant and credible?
    • Engaging stakeholders and employees in board meetings/sub-committees
    • The work of sub-committees

Module 5 - Other Ways to Add Value

  • Description:

    On Day Five we look at how to craft interventions that improve board effectiveness and enhance decision making

  • KeyTopics:

    • Board members as a mentor and coach
    • Being an ambassador
    • Being a critical friend – challenging and asking tough questions
    • Managing diversity
    • Holding the board accountable (minutes, conflict of interest, follow up, actions, missing data)
    • Keeping out of the way and not interfering (if the executive team knows what they are doing)

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