Moving From Executive To Board Director
Episode 24: The Move Into Governance And Becoming A Director with Julian Smith
Julian Smith on the shift into governance, what boards actually want, and the habits executives have to drop to be useful in the room.
How do I move from executive into a board role?
Also on Spotify and Apple Podcasts.
What this episode covers
Many executives wonder how to shift from managing daily operations to serving on a board of directors. This episode addresses that challenge by exploring the differences between management and governance, how to work effectively with a board, and what preparation is needed for governance roles. Julian Smith, an experienced independent director and former executive, shares practical insights on strategic oversight, governance responsibilities, and financial considerations. Listeners will gain a clear understanding of what it takes to move into governance and become a director, helping them plan their next career step with confidence.
Who this is for: General managers and senior operators considering or preparing to transition from executive roles into board-level governance positions.
Key takeaways
- Board-level governance focuses on strategic oversight, while management governance deals with day-to-day business operations.
- Effective collaboration with the board requires clear communication and understanding of governance principles.
- Transitioning into a governance role demands deliberate preparation, including understanding financial and legal responsibilities.
- Settling personal finances can be an important step before taking on governance duties to avoid conflicts of interest.
- Experienced executives can successfully move into director roles by building governance knowledge and joining relevant networks.
Do you know what truly drives the strategic direction of an organization? Can you differentiate between board-level governance and management governance? These are some intriguing questions we'll dissect with Julian Smith. He offers an insider's perspective on how the wheels of governance turn, impacting the business strategies and the organization's culture. This episode is a goldmine of insights, whether you're a seasoned executive or an aspirant looking to transition into a governance role. Tune in as we delve into the heart of organizational governance with Julian Smith.
Julian Smith is an independent director with 14 years of governance experience, having retired from his executive career in 2019 as the Chief Customer Officer for Meridian Energy
Julian is a chartered member of the Institute of Directors and the Chair of the Northland Branch and sits on a number of boards in NZ.
Connect with Julian Smith
Episode Highlights
[4:37] The difference between governance and management
[5:52] Management of the business governance vs. board-level governance
[8:19] How to work effectively with the board
[20:40] Preparing for governance roles
[26:55] Handling or settling your finances first
[30:57] Key takeaway
[32:23] Where to find more of Julian?
[33:11] Outro
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Questions managers ask about this episode
What is the difference between governance and management in an organisation?
Governance refers to the board's role in setting strategic direction and oversight, while management handles the day-to-day running of the business. Understanding this distinction is key when moving from an executive role to a board position.
How can I work effectively with a board if I am a senior manager?
Effective board collaboration involves clear communication, respecting governance boundaries, and understanding the board's focus on strategy rather than operational details. Building this relationship helps executives prepare for future governance roles.
What should I do to prepare for a governance or director role?
Preparation includes gaining knowledge of governance principles, understanding legal and financial responsibilities, and possibly settling personal finances. Engaging with governance networks and training also supports a successful transition.
Is it important to settle my personal finances before joining a board?
Yes, handling or settling personal finances first can prevent conflicts of interest and ensure you meet the fiduciary duties expected of directors, safeguarding both your position and the organisation.