I got it in my head last fall that "wouldn't it be nice to sit on a board of directors or two" after I retired. Many small and mid-cap for profits boards pay anywhere from $60 to $200,000/year to its members. Always enjoying a conversion with myself (and not those strange voices that can whisper in your ear in the middle of the night), I said, "I've got lots of experience, and I certainly know a lot about a lot of industries after 30 years in the systems consulting business."
"Well," I responded, "how do I go about getting on a board? My network is good, but not that good." I pondered, but not for long. My young neighbor, Liz, learned about a board member training program just for women. It was put together in 2011 by Women in Technology and they named it the Leadership Foundry. "Ah, just the thing for me," I exclaimed. And yes, I qualified for the program and paid my $3,000 for a year's training and networking opportunities with local companies.
This week I attended the formal two-day training program on board membership led by the National Association of Corporate Directors or NACD. The course was actually riveting -- full of facts and stories about boards and situations where our instructors had served. It was also a great opportunity to meet fifteen other successful women. We spent the first evening at dinner together in constant conversation. It is amazing what women are doing today and the fields they work in. I was humbled by their experience and their presence. And, as many friends know, I don't humble easily.
Today,as our training wrapped up, I came to a decision that surprised me. I spoke to myself quite clearly and resolutely. "Dorine," I said, "You are not a good fit to be a board member." The financial and governance responsibilities, if you take them seriously, are substantial, but that didn't scare me. Even I can refresh my knowledge of the complexities of financial statements and learn the role of strategic oversight. And, I can create a snappy elevator speech about what I bring to a board and chat up any number of corporate leaders with it. What cinched my decision is the amount of patience and positioning it will take on my part to make an impact. Moving swiftly is moving in three years! It's not about "getting on with it" as one does in grilling a steak. It's all about "letting things simmer and stirring occasionally" as one does with making a pot roast to ensure all the flavors come together. A new board member is someone who has served two years.
Be still my heart! That is not who I am or ever will be. But, I walk away with a great deal of knowledge and new insights. Perhaps, some day, it will all be valuable and put to use.
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