What CTOs need to know about boards of directors
Most companies have a board of directors; once you get into a C-level role (and sometimes before), you are likely to have some interaction with a board. The first time I had to present to a board, I had no idea of what their role was or how I should approach them; it can be quite a daunting experience.
However, having a good relationship between a board and management is critical
for an organisation. So learning a little something about what makes a board tick is useful for any current or potential C-level executive.
This session draws on my experience of presenting to boards and my time spent sitting on a board to give an introduction to the topic.
Outline/structure of the Session
- What is a board of directors?
- What do ASIC and others (including the AICD) say when defining what a board is. How is a board put together. Who is typically on a board.
- What are the responsibilities of the board?
- Their role in organisational performance
- The role in compliance
- How do boards and management work together?
- How do board meetings and committees work. In what capacity are management invited to be part of those meetings. What involvement do boards have in day to day work.
- How to talk to a board
- Some tips on what to cover if you want to be effective when presenting to a board.
- Pitfalls to watch out for
- What are some mistakes that you might make when dealing with a board and how to prevent them or deal with them.
At the end of this session, attendees will have an understanding of what a board of directors does, what the care about and how to talk/interact/work with them. They will also have avenues to explore if they wish to consider a board career themselves.
Anyone in a CTO or equivalent role who interacts with boards
No prior knowledge is assumed.