Join BDO's Center for Corporate Governance Amy Rojik as she discusses the significant transition senior management undergoes when leaving the C-suite and stepping into the boardroom with Cindy Fornelli, current board of director at TriplePoint Venture Growth BDC Corp (NYSE: TPVG) and former Executive Director of the Center for Audit Quality.
Key Takeaways
- Gaining an understanding of the business is a must but as important is being able to exercise the attributes you were chosen for to enhance the board
- Board members need to be able to question and push back but do so thoughtfully and respectfully to build a workable comradery
- Recognize that executive sessions are opportunities not just to critique but to identify what additional resources the boards might be able to provide
- Don’t be afraid to reach out and seek the advice/guidance/opinions of your fellow directors
- Ask the questions if you don’t understand but make sure you actively listen to the answers
