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      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
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      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
      • The winding road of leadership coaching in the post-pandemic era
      • Challenges of Organizational Culture Change
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      • Re-examination of Purpose by the Boards in Post -Pandemic Era
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
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      • New Directors - Have you done your due diligence
      • Cyber Security Insurance and Boards
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      • Why Advisory Boards Are Important for Indian Business Corporates?
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
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      • Top 10 Questions to Ask in Boardrooms!
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      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
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      • Leading from the Boardroom
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
      • Corporate Governance Deviation – Infosys Case Study
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      • Board Refreshment: Finding the Right Balance for your Board!
      • HR Governance and Board – How Important Is It?
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • Modernizing Governance: The Board’s Role in ESG!
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      • Leadership Coaching: How does it help Leaders
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      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
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      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
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      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
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      • Is Economic Progress Enough?
      • Emotional Intelligence
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      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
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    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • February (4)
      • A Hero's Farewell: How to handle employee exits with dignity
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • Russia-Ukraine war and India’s Business Implication
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      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
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      • A study on Sustainability Report of Container Shipping Companies.
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      • Independent Directors liability under GST
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      • Organizing for the Future – Important keys to becoming future ready
      • Are you ready to serve on the Board?
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Organizing for the Future – Important keys to becoming future ready

Organizing for the Future – Important keys to becoming future ready

By DIVIJA DAVE
Calendar

Sep 27 th 2022

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As the technology landscape and expectations of the market are increasing, getting directors (including women directors and independent directors), promoters and Company, is the need of the hour. Constant upskilling and learning have become the key to survival. Training and skilling have come to the forefront of organizations’ continuity plans.

In today’s time when the status of directors, promoters and company owners is no more limited to the age and experience, the dire need to possess appropriate skillsets is a must. It is important to note that anyone can be placed in a leadership role and can be all set to run a company, however to be good to that position and thrive, requires certain skills. Time has gone when only upskilling your management skills and having good communication skills could fetch you a place in boardrooms. Today the expectations have moved far beyond such basic requirements. There is a lot more that a person must possess in order to successfully run a company or be there as a part of the board.

Let us understand some exceptionally core skillsets that directors, promoters and company owners must possess to be future ready:

  •  Analytical Skills - Extracting meaningful insights from information, intelligence or data about the company and industry. A leader should be able to interpret and recognize what information is most relevant to their business objectives. Strong analytical skills can help in coming up with creative solutions to challenges the organization may be facing.
  • Strategic Decision-Making Skills - Leaders make critical decisions that impact the present and future state of the Company. Strategic decision-making includes evaluating organization's objectives and assessing potential risks that may come with each decision. Making well-informed and strategic decisions can lead to opportunities for growth and continued success.
  •  Adaptability – Being able to adapt to the ever-changing business and market environment is the most important skillset. This can help the Company to take timely decisions and foresee the future in the best interest of stakeholders.
  • Innovative Thinking - Having a creative mindset can drive productivity and lead to success. Leaders who exhibit and encourage creativity constantly strive to find fresh ways to improve and streamline processes, seek future opportunities for growth and find creative solutions to various challenges. Innovative thinking can reshape business models that can lead to a meaningful change and provide the Company with a competitive advantage.
  • Empathy - Empathy, especially in a leadership role, can be critical in improving communication, strengthening workplace relationships and maintaining job satisfaction among employees. Empathy shows the ability to understand the experience, perspective and feelings of others, which can make people in the organization feel cared for and valued.
  • Ability to take stance for a Purpose - Future-ready companies recognize that purpose helps attract people to join an organization, remain there, and thrive. It’s often said that “where your talents and the needs of the world cross, there lies your vocation.” Indeed, employees aspire further (and even live longer) when their energies are channeled to purpose.
  • Sharpen Value Agenda - The key is to use the value agenda to focus the organization’s efforts and instill a sense of what really matters in every employee. When organizations can leverage this clarity—knowing exactly what differentiates them from everyone else—the results are powerful and hard to replicate.
  •  Observe Culture and Organizational Behavior - Culture is that unique set of behaviors, rituals, symbols, and experiences that collectively describes “how we run things.” It forms the backbone of organizational health and fuels sustained outperformance over time. Leaders hoping to create a robust performance culture need to start by imbibing and creating their organization’s own unique culture. The main ingredient: specific, observable behaviors that employees at all levels of the company adhere to.

The aforementioned skillsets and practices will not only value add to the Company but will also turbo charge the decision-making process in more efficient manner.

How can MentorMyBoard help?

MMB is on a mission to set up effective and efficient Boards in India with great Board members. The first step of setting up effective boards starts with choosing the right candidate and shaping his / her skillsets required to serve the board. With an expert team of mentors, MMB can help directors and aspiring directors in the following manner:

a.  Help you get board ready;

b. Conduct personalized handholding and mentoring sessions to develop and nurture essential skillsets required to become a director;

c. Conduct suitable training programs on practical aspects of the boardroom;

d. Assist in developing and shaping your technical know-how;

e. Help you understand your value proposition that can help boards to grow.

For more details connect with us on www.mentormyboard.com .


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Category

  • All
  • Boardrooms
  • BOARDROOMS
  • Independent Directors
  • Role of Board
  • Mindset Shifts of Boards
  • Independent Directors and Promoters
  • Sustainability / ESG
  • business implication
  • employee exits
  • COMMITTEE MEETINGS
  • Union Budget
  • Independent Director
  • Grow with Governance
  • Grow with Governance
  • INDEPENDENT DIRECTOR
  • Entrepreneurial Board
  • ESG & ITS IMPORTANCE
  • leadership coaching
  • Change Management
  • Advisory Boards
  • Boards
  • Boardroom
  • Brand Yourself as a Leader of the Company
  • Kindness
  • Are you hesitant to speak in the Boardroom!
  • Governance & ESG
  • Directors
  • Independent Directors
  • Corporate Governance
  • Leader development
  • Gratitude, Purpose
  • decision making
  • Systematic Investment Plans in Emotional Intelligence
  • Corporate Governance
  • The Board’s Role in ESG!
  • Balance Boards
  • Agility and Compassion
  • Governance and Board
  • Diversity and Inclusion
  • Directors,Promoter Directors
  • Board Members, Directors and Independent Directors
  • Board and Senior Management
  • New Directors
  • Cyber Insurance
  • Salary Increment
  • Economy Growth
  • Human Resources
  • Generating Wealth Beyond Money
  • Agile Mindset for Leadership
  • Aspiring Independent Directors
  • Board Leadership
  • Corporate Governance & Women on Boards
  • BOARD MEMBER
  • SME
  • WOMEN DIRECTOR
  • BOARD MEMBERS

Archive

  • 2021
    • April (3)
      • Will you drive your vehicle without a dashboard?
      • Are you making SIPs to improve your Emotional Intelligence
      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
    • August (9)
      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
      • The winding road of leadership coaching in the post-pandemic era
      • Challenges of Organizational Culture Change
    • February (4)
      • Re-examination of Purpose by the Boards in Post -Pandemic Era
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
    • January (2)
      • New Directors - Have you done your due diligence
      • Cyber Security Insurance and Boards
    • July (7)
      • Why Advisory Boards Are Important for Indian Business Corporates?
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
      • Top 10 areas to contribute in Boards as Independent Directors
      • Top 10 Questions to Ask in Boardrooms!
      • Essential HOWs of Boardroom!
      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
    • June (6)
      • Leading from the Boardroom
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
      • Corporate Governance Deviation – Infosys Case Study
    • March (4)
      • Board Refreshment: Finding the Right Balance for your Board!
      • HR Governance and Board – How Important Is It?
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • Modernizing Governance: The Board’s Role in ESG!
    • May (3)
      • Restructuring appraisals in 2021 – Gratitude, Purpose & Meritocracy
      • How do you make your personal Brand?
      • Leadership Coaching: How does it help Leaders
    • October (2)
      • Are Independent Director’s required on the Board?
      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
    • September (3)
      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
  • 2020
    • August (4)
      • WOMEN DIRECTOR-An Emerge
      • ARE YOUR BOARD MEMBERS SAVVY WITH FINANCIAL TERMS AND EXCEL IN FINANCIAL LITERACY QUOTIENT AS PER COMPANIES ACT 2013 MANDATES.
      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
    • December (3)
      • Good or bad, Salary Increments always cause a heartburn among employees
      • Is Economic Progress Enough?
      • Emotional Intelligence
    • November (3)
      • Generating Wealth Beyond Money
      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
    • September (3)
      • Independent Director
      • Lean Thinking Boards
      • Corporate Governance & Women on Boards
  • 2022
    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • February (4)
      • A Hero's Farewell: How to handle employee exits with dignity
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • Russia-Ukraine war and India’s Business Implication
    • July (2)
      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
      • Risk Assessment and Minimization Procedures – Role of Board
    • March (2)
      • A study on Sustainability Report of Container Shipping Companies.
      • India and The ESG impact of Crypto Currencies
    • May (1)
      • Independent Directors liability under GST
    • November (1)
      • Workplace Sexual Harassment and the Role of Board
    • October (2)
      • How many Boards are too many?
      • Women in Indian Boardrooms Vs Diversity = Inversely Proportionate
    • September (2)
      • Organizing for the Future – Important keys to becoming future ready
      • Are you ready to serve on the Board?