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How to Educate a Board of Directors

 

"If your board is new and not well versed in corporate finance do you spend time in meetings educating them on value creation or work individually?"

This question was asked at a recent webinar, now available on-demand:

"The Role Finance Plays in the Boardroom"

Please add your thoughts about it below. Thanks!

Answers

Topic Expert
Blair Cook
Title: Partner
Company: Executive Finance
LinkedIn Profile
(Partner, Executive Finance) |

It's hard to carve out time during Board meetings for "director education." The board agenda is typically pretty full and not to downplay the importance of education, I worry that the meeting agenda gets diluted. Here might be a few other ideas to approach this issue:

1. Set up a separate session for director education if this is something that many members of the board would benefit from.

2. Identify a really good/concise introductory reading for them and send it along for their reading. Maybe follow up a few months later with another one. Build familiarity and competence throughout the year.

3. Set up a webinar/seminar or refer them to a webinar/seminar that covers the topic. There are many wonderful educators out there, its just a matter of finding the right course that hits on the points you see lacking in your directors.

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