Welcome to the Boardroom 6. Harnessing the Power of Networking
Networking is the cornerstone of any successful board search strategy, with over 90% of board roles secured through personal connections, referrals, and reputation. Building a strong network of chairs, non-executive directors, and committee members is essential to entering the boardroom and ensuring you remain top of mind when opportunities arise.
Why Networking Matters
- Business Reputation: Board roles are often awarded based on the endorsements and recommendations of trusted connections.
- Raving Fans and Champions: Champions who advocate for you behind closed doors are critical to your success.
- Consistent Engagement: Regular networking keeps you visible and relevant to the board director community.
Strategies for Effective Networking
- Thought Leadership: Share insightful articles or videos on LinkedIn that address key boardroom challenges.
- Targeted Networking: Attend industry-specific events, such as legal briefings, private equity functions, or charity galas, where influential board members are present.
- In-Person Meetings: Focus on meaningful, one-on-one interactions to build genuine rapport.
- Event Attendance: Commit to at least two physical networking events each month and follow up with virtual connections.
- Gratitude and Reciprocity: Thank those who help you, keep your champions informed, and reciprocate when possible.
Building a Long-Term Networking Plan
- Write down the top ten people in your network to nurture over the next 6-12 months.
- Identify organisations and boards you want to target and map out the key connections you need to make.
- Aim to forge 300-500 new, meaningful connections annually by consistently engaging with your network.
The Importance of Gratitude
Show your appreciation to those who support your journey. A simple thank-you note or gesture can leave a lasting impression and reinforce your reputation as a professional, thoughtful leader.
Take Action Today
📄 Write down the top ten people in your network to prioritise this month. 🌐 Share an insightful post on LinkedIn to engage with your audience. 📅 Plan your next networking event and commit to attending.
Networking isn’t just about meeting people; it’s about nurturing relationships, building trust, and creating a reputation that opens doors to the boardroom. With consistent effort and strategic focus, your network will become your most powerful asset in your board search.