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Episode 08: Highlighting Social Impact as a Value Proposition for Board Opportunities with Professor Andrew MacLeod
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This episode of The Board Success Podcast is from the Non Executive Director Insider Insights Podcast. In this episode, we are joined by Professor Andrew MacLeod. Andrew is a Non Executive Chair at Griffin Law, NED for Burnham Global, the Outdoor Education Group, Arabian Leopard Fund and also held advisory board roles at LendSend and Keele University.
Andrew highlights the significant value board members can add to organisations when they apply a social impact lens. He demonstrates his deep international expertise in this space as he contemplates various board discussion scenarios and focuses on ESG and its role in increasing company value, managing risks and reputations and creating opportunities.
This episode is for you if you're an executive aiming to secure a board role and want to differentiate yourself by highlighting the value of social impact and environmental, social, and governance (ESG) considerations.
WHAT YOU’LL LEARN FROM THIS EPISODE:
- COVID-19 and how it has changed board meetings (04:30)
- Remote working - is it a good or a bad thing? (05:50)
- Why social risk is the only area of risk (07:05)
- What does a board value proposition really mean (11:50)
- Why Australia is now one of the most socialist countries (18:55)
- How to properly manage activist shareholder pressures (23:10)
- Abuse of women and children in the aid industry (25:55)
- Tokenism - the key to diversity (34:20)
- The importance of performing a social audit before accepting a board appointment (37:15)
- Top three tips for starting out as a board member (40:58)
Quotes
“The first thing you've got to be able to do is really understand what sort of board you're wanting to help and refine what is the skill set that you are selling into that board.” - Professor Andrew MacLeod
“Start really, really working your network and telling people you're looking and asking for advice” - Professor Andrew MacLeod
"90% of board roles come out of networks, they don't come out of job advertisements." -Professor Andrew MacLeod
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