I had the pleasure of meeting with Author, Selina Siak Chin Yoke earlier in 2018 who was happy to share details of her remarkable background with me. A most inspiring lady, Selina has written two books – ‘The Woman Who Breathed two Worlds’ – loosely inspired by her great-grandmother’s life and ‘When The Future Comes Too Soon”. (I’ve yet to read the second book but it’s on my reading list!). As well as discussing her successful and diverse career we found ourselves chatting about women in leadership, something we both felt passionately about. Being a writer I couldn’t resist asking Selina if she would mind writing a guest blog for us which has just appeared in my inbox. Very timely with our up-coming seminar this Wednesday on bridging the gender pay gap.
When Carrie invited me to write a few sentences many months ago on the challenges of joining a company board, the media was awash with scandals involving pay, women and naked prejudice. Not only had the BBC been paying Martina Navratilova ten times less than John McEnroe for – as far as I’m concerned – the same work, but a report by the Department of Business, Energy & Industrial Strategy revealed eye-opening excuses as to why many FTSE companies had no women. The excuse that sticks out most for me is: “My other board colleagues wouldn’t want to appoint a woman on our board”. That’s precisely the point, though, isn’t it?
With so much focus on the topic, I thought that I should dust off my CV and try to get appointed as a non-executive director to another Board before writing this guest blog. This has taken longer than anticipated. Like many women, my career has gone down an unusual path and my main occupation today is as a novelist. I’m a traditionally published author and my agent had asked me to rewrite parts of my third novel. In the middle of that, it was almost impossible to think about revamping a CV.
Once I did, though, things moved pretty quickly. Within weeks I was approached by a headhunting firm and my name was put onto a list of candidates for a board position (still in process). I’ve since also been asked to join another board whose chairman is an acquaintance. All this to say that there’s plenty of hope! If you’re wondering how to get onto a board, below are a number of suggestions.
First, use your networks. If this sounds obvious or trite, it’s not meant to be. Telling as many people as possible expands your realm of possibilities. Speaking to other businesspeople has helped me clarify what I may want and what I’ll avoid when it comes to board roles. For me, being a non-executive director is not a career – it’s an add-on. I’m working on another book already, but at the same time I have twenty years of solid experience in finance – first as an investment banker and then as a quantitative trader – which some board is hopefully going to appreciate. A slight digression here that may be reassuring: the fact that I left finance eight years ago isn’t necessarily a barrier. A non-executive director needs to be independent. Being a little removed from the industry currently can actually prove helpful. So don’t discount your abilities just because your experience dates back in time.
Secondly, make sure you have a profile on LinkedIn, that the profile is up-to-date and puts your experience forward in the best possible light. This was how the headhunter mentioned above contacted me. A disclaimer: I was appointed to the board of a corporate finance boutique many years ago and have remained on it. Being already on one board is immensely helpful for getting on to the next board. Yet, I didn’t even think to put my board experience on LinkedIn until recently!
Thirdly, have your CV critiqued. Show it to a friendly audience first if you wish. Also, let a headhunter look at it. I had to rewrite my CV completely!
There are many websites which claim to connect companies with possible non-executive director candidates. You have to pay to join some of these without really knowing how effective they are. A website I can vouch for is nurole. I hadn’t heard of it, but as soon as I started talking to friends and acquaintances, three of them independently recommended nurole. It’s free to register, and your registration is first vetted before you’re sent an invitation email. You check off your interests and receive regular notifications about new roles. nurole works.
Finally, it’s worth giving thought to what you’d like to get out of being a non-executive director. There are hundreds of opportunities and you’ll have to decide which to pursue. Do you want to be compensated? If not, how many pro bono positions are you prepared to take on?
The world is our oyster now, but getting onto the right board(s) will take time. Good luck!
A big thank you to Selina for sharing her advice and recent experiences with us. I’m sure you will have all found this interesting and useful. If you’d like to hear more about Selina and her work please visit her website at http://www.siakchinyoke.com– and do read her books – a great Christmas gift too!
And don’t forget it’s not too late to sign up for our free breakfast seminar in collaboration with Moorcrofts Law this Wednesday 28thNovember. https://www.facebook.com/events/580144002414838/?ti=ia