While it is an honor and can be fulfilling to be on a corporate board, giving governance oversight and strategic direction, getting your first board seat can be a stiff challenge.
Executives should be ambitious, decisive and… mindful? Concentrated awareness brings a more steady, thoughtful, flexible and creative influence. Mindfulness is emerging as an important leadership trait.
While board members in risk management roles may be thinking of how to recover from mishaps or ensure similar situations don’t erupt in the future, these directors should turn their attention to preventive measures.
Today’s workplaces are centers for innovation and progress, and having the ideas and ambition to move an industry forward is often the mark of a great leader.
Organizations have become better at using rich data to determine in record time whether or not their new concepts are worth pursuing, thus decreasing the risk to the companies as a whole.
When a confident executive goes too far, and takes on the classical flaw of hubris, leaders throughout the company should take action to rectify the situation.
In an era of rapid tech development and disruption from small and agile companies, it’s unsurprising that a lack of predictability is a major red flag for boards.
