5 Strategic Steps to Start Building Your Future Board Career
Oct 02, 2024Over the years, I’ve had the privilege of working with and coaching many talented women who aspire to board roles. They’ve often asked me, “What does it really take to get there?” Through these conversations, I’ve come to understand the common challenges and uncertainties that surround aiming for a seat at the boardroom table.
The good news? There are clear, intentional steps you can take now to set yourself up for success, whether you’re looking to pursue a board role soon or lay the foundation for the future. Based on my experience and insights from my network of women on ASX boards, here are my top strategies to help you navigate the path to the boardroom.
1. Stop thinking ‘network’—Start thinking ‘advocates’
While networking is important, I’ve seen that true success comes when connections turn into advocates. It’s not just about knowing people; it’s about who will actively champion you and your abilities. The doors that open for you often depend on how intentional you are about nurturing relationships with those who understand and value your contributions.
Shift your focus: Ask yourself—who is speaking on your behalf when you’re not in the room? Start building meaningful relationships with potential advocates. In the RISE Accelerate program, we guide women through the process of cultivating these relationships in a way that’s both authentic and sustainable.
2. Your first board won’t be ASX—and that’s a good thing
Many aspiring board members assume their first role has to be on a prestigious board, but I’ve found that starting smaller can provide invaluable experience. Women I’ve worked with have secured board positions in non-profits, community groups, and local organisations, which often serve as a launchpad for larger opportunities. This approach allows you to build your governance expertise in a practical setting and ultimately positions you for more prominent roles.
Take action: Look for a board opportunity you can say ‘yes’ to now—whether it’s at a non-profit, a local school, or a community group. Gaining experience in a governance role, no matter how modest, will position you well for future opportunities. The value lies in starting small and growing from there.
3. Reframe your experience—You’re not an executive anymore
Your executive experience may be impressive, but to transition into a board role, you need to shift your mindset. Board members operate differently from executives. They focus on providing strategic oversight rather than day-to-day management. It’s crucial to recast your experience to emphasise your ability to guide the organisation’s strategic direction rather than operational leadership.
Reframe your CV: Take a closer look at your resume and ask, “How can I present my leadership experience as strategic governance?” Boards aren’t looking for managers—they’re looking for strategic thinkers who can contribute to long-term business sustainability and direction.
4. Master the skills that boards are actively seeking
In today’s evolving business landscape, boards are increasingly looking for directors with expertise in emerging areas like ESG (Environmental, Social, and Governance) and cybersecurity. From my conversations with women currently on ASX boards, it’s clear that these skill sets are in high demand. You don’t need decades of experience in these fields, but a strong understanding of their importance and application at the board level can make you a standout candidate.
Position yourself: If you haven’t already, start acquiring certifications or attending courses that expand your knowledge in these areas. This will not only set you apart but also demonstrate that you are forward-thinking and prepared for the challenges modern boards face. ESG and cybersecurity aren’t just buzzwords—they’re essential to today’s governance landscape.
5. Don’t settle—Choose the board that aligns with your values
One of the biggest mistakes I’ve seen women make is jumping at the first board opportunity that comes their way, regardless of whether it aligns with their values or goals. While it can be tempting to accept the first offer, the right board will be one where your values, expertise, and ability to contribute meaningfully are in sync. It’s worth waiting for the right fit, even if it means passing on an initial offer.
Be strategic: Take the time to do your homework before committing to any board. Investigate the culture, values, and expectations of the board, and ensure they align with your strengths and long-term goals. The right fit will enable you to make a genuine impact and will enhance your own professional growth.
Want to dive deeper into how senior women like Beck Wilson made this transition?
Beck is an accomplished board director, former CEO, and a leader with a passion for bringing more women into board roles. In the Your Brilliant Career podcast, we uncover what really happens behind boardroom doors, including Beck’s unique journey and the practical steps you can take today to prepare for a board career. 🔊 Listen in for actionable tips on building your network, securing your first board role, and refining your pitch as a future board member.