“How is it you would rather find the time to rewrite an ‘F’ grade paper for a better mark than to invest the right amount of time in the first place?” This comment was made by one of my university profs. A truer observation would be hard to find.

There is real power in preparing. Preparation is like prevention -- it reduces the potential for failure and the costs that go with it.

Where am I going with this? I’m glad you asked. 

Preparation is the Savvy Director’s key to success in the boa...

Following last week’s blog post about conflict of interest, we received some excellent feedback from insightful readers who provided additional points for consideration. In response, we’ve decided to defer the post we had planned and instead produce a follow up.

Last week’s post was written for the director who wants to self-declare a potential conflict of interest. Today’s post will discuss undeclared conflicts of interest and the problems created between board members by a lack of transpare...

Today’s edition of >> The Savvy Director™ << is focused on the challenges faced by a successful business person who is asked to serve on a government-sponsored agency, board or commission.

You might assume that the shift from a single bottom line (private for-profit) to a double bottom line (government revenue + social benefit) would be the most significant adjustment for the new director. You’re right. That’s part of it. The director’s role is essentially the same regardless of ownership sce...

Being on a governance board is like running a restaurant. Let’s say you are the original owner but now you have other investors.  You’ve hired a renowned chef to run the kitchen. If you keep going back there and adding salt to the soup, you will be looking for a new chef before you know it. You know what I mean? On the board, you represent the owners' interests. It’s time to get out of the kitchen and leave the cooking to the pros.

You may have started the business as a successful food truck ...

Have you ever returned home or back to the office from a board meeting and asked yourself, “Why did I say that?”

Me too. In fact, it happened a couple of weeks ago and it wasn’t the first time. But the frequency has gone down considerably since I’ve discovered and put to good use the acronym W.A.I.T. (Why Am I Talking?).

As we’ve noted in earlier blog posts, the art of asking questions includes waiting for the right time to contribute. And contribute you will with a timely, relevant question...

I’m happy to welcome back Alice Sayant as today’s guest blogger. Alice is a certified corporate director (ICD.D) and co-founder of DirectorPrep.com.

Alice’s thoughts on board orientation

Lately, my guilty pleasure is binge-watching old episodes of Friends on Netflix. Something that happened in the first season prompted me to think about board orientation for new directors.

I know, I know. It’s quite a stretch to compare the characters in a 1990’s sitcom to board directors. And the Central P...

From time to time in this space, I’ll be asking guest bloggers to share their thoughts about various board-related topics. Today’s blog is written by Alice Sayant. Alice is a certified corporate director (ICD.D) and co-founder of DirectorPrep.com.

Alice’s thoughts on board committees

Recently I was asked to join a board of directors. I was already serving on a couple of other boards, where I was quite busy with committee work, and so I agreed to join the new board but declined to sit on any ...

You’ve heard the old saying, “If you want to get something done, ask a busy person.” Busy people who get things done – not people who make themselves busy working on their procrastination habits. (Been there!)

Busy, productive people have a way to cut through the clutter and get to the heart of the matter. Don’t be surprised if you happen to notice those same skills in the savvy directors on your board. Not to worry … you are not be that far from being there too.

Today’s blog post is all about...

“Is this something I want to do?” “Is it time for me to start thinking about serving on boards at this point in my career?” “Am I already over committed and on too many boards?” “Would I agree to serve on this board just to make some money? Oh, it’s a volunteer position – I’ve done my share of those.” Maybe you can relate to this dilemma. I know I can.

What would the savvy director do?

I’m pretty sure a savvy director would have a baseline list of questions at the ready to determine if this ...

Some of you know this story … my first board meeting fifteen years ago was a disaster – a horrific experience really. I had been asked to represent the regional chapter of my professional association on the national board. Then, while I was flying to Toronto to attend my first meeting, my local group sent a letter to the chair of the national board demanding that the CEO be replaced, without me knowing about it.

How do you think that went over with my new board?

What kind of welcome mat do y...