Here is what 15 years’ board recruitment experience has taught me about why people get appointed
This is the 15th year of me putting people on boards. It also offers an opportunity for me to reflect on the changes I have seen over that time and provide some thoughts on some of the key elements I have seen that have gained people board appointments.
I began my career as a Headhunter / Executive Search Consultant 15 years ago in London. The first assignment I was involved with, was David Higgins‘ appointment of the CEO of the Olympic Delivery Authority (ODA), in addition to the board appointments of the entire ODA board. My second assignment was for the entire board and Chair of the Equality and Human Rights Commission. These roles were arguably the most significant in the country at that point in time and saw over 2,000 board applications received and took over a year to deliver. During the remainder of my board recruitment career, I reviewed over 10,000 board- and executive
I left board recruitment to begin working at the AICD running their Directorship Opportunities (their job listing) service. During that time, I
In the last 15 years, four things have become clear and should frame your thinking about how you might gain your first, or a subsequent, board appointment in 2019.
Here is what I learnt
Having spoken to thousands of existing (both good and bad) NEDs in my career, there are three things that successful NEDs have in common.
- They work hard: Really good NEDs spend almost as much time thinking about their board career as they do in serving the boards that they are on. One such NED spends 2 years and $20,000 just meeting people, others deliberately put themselves in extra-professional environments where they meet people different to them. Each of them structures their approach so that they are strategically meeting people that can help them achieve their board aspirations – that means writing lists with those who can help and deliberately working through it to ensure they become a known quantity of the organisation they are targeting
- They are curious and they are passionate: I find successful NEDs are people people. They are curious about others, about business and about things they don’t know. This approach means that they rarely consider themselves to be the smartest people in the room; instead, they spend much of their time listening. Overwhelmingly they are passionate – though rarely in a schoolboy or schoolgirl ‘I love your organisation’ sort of way. Instead, they are passionate about what the organisations that they serve do, what the organisations they represent want to achieve or what it is that they offer to their boards. Whatever it is, they are passionate people.
- They persevere: Perseverance is probably the most common attribute that all successful NEDs have in common. Each recognise that to be successful in their NED career, perseverance is essential. For some, it will be about engaging in the business where others might pull back. For others, it will mean diarising time to dedicate to networking functions, attending events in environments where they might not be known; it might mean taking calls from or having coffee with people that want their help (without an expectation of getting something in return) or giving their time to educate others on what it is to be an NED.
- They are clear: Successful NEDs have real clarity about a number of different elements. They are clear about what sort of role they want – it might be the scope and scale of an organisation, it might be how much they require to be remunerated or what industry it won’t be in. Equally, if you ask them, they will be able to give you a clear answer to what they offer a board and which organisation they would like to serve.
On reflection, there might be one more element. I find a common trait amongst successful NEDs is their desire to serve – rather than be served. They consider themselves stewards of the business/organisation they sit on the board of. This is an important trait, not only because the opposite desire is entirely unattractive but also because it goes some way to evidence their ability to work effectively in a board environment.
What does this mean for you?
If you want to find out more, take a look at all my board appointment articles or, if you would prefer to hear what I have to say in person, then one of our Board Search Breakfasts in a city close to you is the way to go.
About the Author
David Schwarz is CEO & Founder of Board Direction – Australia’s leading board advertising and non-executive career support firm. He has over a decade of experience of putting people on boards as an international headhunter and a non-executive recruiter and has interviewed over one thousand non-executives and placed hundreds into some of the most significant public, private and NFP roles in the world. He has been described as Australia’s leading board recruitment expert, is a published author, a regular speaker on the board appointment process and runs Board Search Masterclasses across Australia. He is one of Australia’s Top 10 LinkedIn users with over 29,000 connections. Email: [email protected]