Tag Archives: mentors

Advice, mentors & gut instinct

3 kinds coffeeOne of the initial reasons for starting this blog was to share the advice that I received during my various coffee meetings on the road to becoming a non-exec director. Having moved to Singapore only in the last six months, I am still very much in the mode of learning about the way things work here, who’s who, who’s doing what work and how to go about things.

Everyone I have had coffee with has been exceptionally friendly and giving (thank you again, if you are reading this). I suspect that in part, this comes from the fact that for many people, Singapore is not their original home, and they may remember what it was like to arrive here and start from scratch. Notably, there have also been a number of people who have been especially helpful with introductions and suggestions and very direct feedback. This is significant in a society where speaking directly is not always an acceptable way of communicating!

In the process of these coffee meetings, as the new person I am often effectively “pitching” myself and my skills as well as asking questions about whom to speak with, what to join and where I can try to be of value. In some cases, I have been honoured to be able to also provide advice to others who are at different stages of their careers. A recent range of responses to a particular question I posed made me reflect on both my reaction to the answers I was given and the way in which I ask questions and provide advice.

Often the discussion I have with my coffee partner develops organically and there isn’t necessarily a defined set of questions. But recently, I  put the same direct question to three different coffee partners – all of whom have lived here for more than a decade. The answers I received were “yes, definitely”, “no, don’t bother” and “probably, there’s no harm”. Now it’s fair to say I am not seeking medical advice from specialists, so there are no life and death consequences from having such conflicting advice. But it does make it a little bit more difficult to work out what line of action to take when one has such a range of responses.

As I reflected on this divergence of opinions, I realised that each person was giving me their view, no doubt, informed by their own past experiences and current context. The trick for me was to try not to take their response at face value, but to colour it with my knowledge of their experience and context to find its applicability to me.

This led me to the notion of ‘gut instinct’. Prior to asking the particular question, I had my own view, also informed by my past experience and current circumstances. The point of seeking others’ advice was to learn what I didn’t know about my new environment to better inform my own view. The reality is that each person has a unique combination of experience, history and context. The key was to listen to the advice, try to ascertain what influenced or gave rise to that advice and then disseminate it with my own circumstances. This is where the process of rationalisation should result in you establishing what will work best for you; what makes sense in your situation. This will generally lead you to a view that fits with your ‘gut instinct’, your intuition about yourself.

Given the conflicting advice, depending on which action I take, it will go against the advice provided by at least one of my coffee partners. The key to realise is that it doesn’t mean that everything they suggested is not applicable, nor that their advice was any less helpful. In fact, having someone suggest something that goes counter to your own leanings is incredibly useful to force you to think about why you may have wanted to take a particular action. It is the same as the different perspective that comes from having a diverse team at board or executive level that helps ensure that groupthink doesn’t result in taking a course of action because everyone thinks the same way.

Similarly, those who impart advice or who have the privilege to mentor others, need to remember that such advice needs to be provided with context and experience. Mentors often will ask questions rather than offer direct advice, and those questions also need to be posed in a way that makes the other person assess their own circumstances with an insight into others’ experiences and the applicability or not of those experiences to their own position. This, in turn, should allow the mentee the ability to consider different actions and their implications and what ultimately may work for them, based on their own understanding of themselves, their gut instinct.

 

Coffee count: 424

The box conundrum

coffees4This past week I met with the chairman of a number of listed and unlisted boards and who has over 20 years of board experience. Introduced by a friend of mine who happens to be an executive member of one of those boards, he was aware that I was finding the process of building a portfolio of non-executive directorships harder than expected. This chairman is a willing mentor of women (and men) and has been a mentor in the AICD Chairmen’s Mentoring Program three times.

He told me that most of the people he meets with have been in a role or an industry for many years and have deep experience. Often they have been lawyers or consultants. They fit squarely in a particular box and in order to be attractive for board roles, they need to widen their experience and skill set. However, in my case, the chairman noted, I have had a broad range of experiences that have utilised a broad range of skills and I don’t seem to have a particular box to fit in! The problem with this, the chairman went on to say, is that people don’t know what I am good at. Generalists are not sought out anymore, people with particular skills or industry knowledge are.

Without trying to sound too frustrated, I pointed out to the chairman that rather than having stayed in one role for 25 years, I had chosen to try a few different roles and enhance a range of skills. However, I did feel there was a consistency across all my roles that focused on “top line revenue generation”. In other words, helping a business grow. Not unlike another senior board director I had spoken with, he noted that this was quite an executive trait. “You could be fielding calls from head-hunters for CEO roles,” he said. “I am” I replied. But surely a board needs people who understand the skills required for a business to grow and can ask and challenge the executives? That theory applies after all to industry knowledge, to financial management, to risk, and so on. After all, the 2014 AICD Conference later this month is all about growth.

I have to confess that following the meeting my mood was quite sombre for a while. Too much a generalist, not enough experience in big companies, no specific industry experience… It’s going to keep on being tough. Then I refocused and decided one meeting doesn’t determine my direction or my outcomes. It’s has to be about taking in the information and assimilating it with all the other information and advice. I could assure the chairman that I had spoken to most of the head-hunters in town, I had tried the government approach (admittedly with little successful penetration to date) and I was doing the networking. I am sitting on boards now and I know I am being effective. I also intuitively believe that working in a small or medium size business means one learns a lot more about business than working in one or two areas of a larger business (although I did work for an organisation that had 90,000 employees…).

The chairman did say that so often it is about serendipity and the planets being in alignment. I can’t help but think that the 1000 coffees along the way may assist the circumstances that eventuate in the “fortuitous happenstance”.

 

Coffee count: 253 coffees

Postscript: Following my last post, it may not surprise anyone that there hasn’t been a rash of offers from head-hunters or recruiters signing up to follow this blog. But I did have a call regarding a CEO role…..

2013 Review

christmas coffeeAs the year draws to a close, it’s been an eventful one for this blogger.

This time last year I was one of seemingly thousands of women and men looking for a non-executive directorship, trying to distinguish myself amongst many talented and experienced people.

I started this blog with a view to differentiating myself (as I exhort my consulting clients to do) and at the same time wanting to share the learnings I have gained during my many coffee meetings. I also hoped to be able to help other aspirants avoid at least some of the disappointments and frustrations I have experienced as they travel on their own journeys.  I will continue to aim to do this and at the same time share my views of the various aspects of the “Diversity Issue” that arise from time to time.

The multiplier effect of social media resulted in my first non-executive director role and this has been a great learning experience.  I’ve been thrown in the deep end in terms of the expectation to contribute to the board and have had to put governance theories into practice.  I have also closely observed and experienced the boundaries between executive and non-executive roles.

Throughout the year, I maintained the pursuit of my 1000 coffees with people from whom I can learn something or who can introduce me to others. As a result of this and the support of a mentor and champion, I have just secured a NED role on the Foundation of a major NSW public institution.  I am excited to be able to work with such a talented and passionate group of people, both within the Foundation and on its board.  While they want the skills I can bring, the match-making process still came through networking and being recommended by others.

In the very same week I was contacted in relation to another potential NED role, this time in a privately owned, private equity invested company.  While it’s not yet certain where this will go, it is an exciting way for the year to finish.

2013 has been a year where the “Diversity Issue” has had more headlines than ever before.  There has been much more discussion and action about how to make change, as opposed to just the need for change.  More women have been appointed to boards than in previous years and more women have moved up the executive ranks in more companies and organisations than ever before.  I believe there is a greater awareness in Australia of the benefits of having women help run and direct businesses, whether they be public, private, government or non-profit. There is an acknowledgement of the need to do things differently than in the past, to help make that happen.  It won’t occur overnight and there are still many hurdles and stumbling blocks to manage, but change is taking place and recognition should be accorded to those who have driven this change.

My thanks to the people who follow this blog and who have recommended it to others. Thanks also to those who have encouraged me to write it and to continue to develop it (you know who you are).  Wishing you all “Season’s Greetings” and hoping you enjoy some downtime over the Australian summer.  1000 coffees will continue in 2014.

Coffee count: 217

Managing Expectations

images-7You’d think, given the title of this blog (1000 coffees), I might have managed my own expectations in the quest for a non-executive directorship portfolio.  But as with most things in life, there are ups and downs and times when things look like they’re going well, and times when, frankly, they don’t.

As would be the case with many people in my position, when I meet with people in the context of seeking a non-executive director role, I am regularly reassured that I have the attributes boards are looking for, having run companies and been responsible for a P&L as well as having the appropriate financial and legal skills.  I can tick all the boxes of things one should do: do the AICD course, focus on a particular sector, target not-for-profits and government as well, network with the people I’ve worked with before, and so on. However, it’s not a science.  There is an element of timing, luck, synchronicity that plays a part too.

There are a lot of very capable people out there, looking to do the same thing.  I had coffee with a gentleman a few weeks’ ago who told me of numerous occasions where he was “this close” and something happened for him not to get the role, whether it’s a deal falling apart, a change in focus, someone having just something else, or the inevitable “someone just knew someone else better”.

It can be disheartening, but it can’t be the end of the road.  Recently I was approached and asked if I’d like to be considered for a non-executive directorship of a mid-level ASX listed company.  In theory, I had all the requisite skills that the board were seeking given the company’s current state of business and the sector it was in, with one exception.  I didn’t have listed company experience.  I put forward all the reasons why I believed I could add value to the board and the company, but the feedback I received was that it was the lack of listed experience that didn’t get me onto the shortlist.

A recent conversation with someone at the AICD indicated that the Chairman’s Mentoring Program is really for people who are ready to step up to ASX200 listed boards.  Given that this is not in any of their PR around the program, I responded that perhaps they should manage the expectations of the applicants better….

It all just confirms that despite the talk about the need for diversity in gender, skills, background and approach, most non-executive directorships are going to come through sponsors, mentors or recommendations.  As one person said over coffee recently, it’s going to come from someone who is prepared to “stick his or her neck out and feel the breeze”.  And the planets being in alignment.

Coffee count: 200