The Shift from Management to the Board

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