Harvard Business School's Board Diversity Network
In this interview series for HBS’s Board Diversity Network (BDN), we hear from expert voices—distinguished alumni and faculty—on board readiness. Affiliate faculty member Brian Trelstad, along with HBS alumni Nisha Kumar (MBA 1995), Craig Robinson (MBA 2002), and Paula Madoff (MBA 1994) describe the attributes a great board leader should have and how to leverage skills from the non-profit boardroom for corporate board service. The speakers also share their perspective on the value of diversity in the boardroom, avoiding groupthink through fresh contributions, and why the Board Diversity Network is more necessary than ever. BDN is a program that expands access to corporate board opportunities for HBS alumni and redefines board leadership through inclusion, purpose, and long-term value creation.Key Takeaways:
Diversity is essential to the future of the boardroom. The biggest risks to a board, especially a corporate board, are stagnation and groupthink—and diverse perspectives offset the likelihood of these happenings.
The strongest asset a prospective board member can have is a unique selling point. Aspiring directors should find their personal mission, values, and a complementary skillset.
Networks are the key to expanding the pool for the boardroom. Boards are notoriously elusive, and relationships are the most reliable way to get to them. The speakers also discuss the merits of the Board Diversity Network at Harvard Business School.
Timestamps:
00:00:00 – Introduction
00:01:14:02 – Why is board diversity vital in today’s changing landscape? The luminaries speak on the value of varied perspectives in decision making.
00:02:55:14 – What makes someone board ready? On the attributes of the ideal board candidate.
00:04:39:19 – Is diverse talent truly missing from the pipeline—or just being missed? On how talent still circulates in relatively small, insular pools.
00:06:45:03 – What is the role of the Board Diversity Network? On what this alumni network provides for both first-time candidates and for those searching for fresh leadership for their board. Receive SMS online on sms24.me
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