There are many instances where someone may find themselves becoming a director. They may have assumed the position of director in their family business due to the retirement of a parent, been offered the position in a charity after volunteering or found the position in the Saturday newspaper after completing a course at the Australian Institute of Company Directors (AICD) or Governance Institute of Australia (GIA). There is no ‘right’ path for someone to become a director and venturing into the world of corporate governance may be overwhelming for some.
For those contemplating taking a seat on a board in the future or who have recently been appointed to a board, being a director requires more than just agreeing to show up at a certain time and place for meetings. Things which new and potential directors must know are:
- The meaning of governance.
- The roles and responsibilities of a director.
- How governance depends on the operating environment.
- The expectations of governments and stakeholders.
- How group dynamics influence the operation of a board.
Education is the key, governance is something which can be taught either by completing courses at the AICD or GIA (which Effective Governance facilitates) or by reading one of our popular books, particularly Directors At Work: A Practical Guide for Boards, which gives a great foundation for all of governance.
There are many factors which may increase your success in finding a directorship:
- Do you have the skills that boards are looking for?
- Do you have the right networks to support being considered for a directorship?
- Is your CV tailored to what boards are looking for?
One thing which you may consider is to enrol on our director placement database where we will notify you of any upcoming directorships, for which you may be suited. If you are interested, please complete this form:
If you are looking for a directorship, need some guidance, advice or just want to chat? Feel free to contact us.