CREATING BOARD OPTIONS FOR YOUR FUTURE:

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CREATING BOARD OPTIONS FOR YOUR FUTURE

• Larry Stybel
• Board Options, Inc.

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Ideas to ActionIdeas to Action
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MY MISSION

• Why is It Important for Rotary members to have a
  Board perspective.
• Creating a Board Strategy
• Creating a Board Resume
• Distribution of that Board Resume
• Managing YOUR Risks.
• Compensation

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WHY IS A BOARD PERSPECTIVE IMPORTANT?

• When a Fish Rots
• What is the CEO Obsessed With?
• How to gain a CEOs attention.
• Improving your visibility/network.
• Interesting.

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400 Years of Board Work

• Review and approve strategy.
• Hire and fire the CEO.
• Review the finances to see how the money is being
  spent.
• Nose In Fingers Out.

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Your Board Strategy food chain

• Nonprofits-Small.
• Nonprofits-Large.
• Heritage Private Companies.
• PE Dominated Private Companies.
• Pre IPO
• Small Cap Public
• Mid Cap Public
• Large Cap Public

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EXERCISE

• Review the Executive Summaries in the
  boardoptions.com Board of Directors Talent Bank.

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• http//www.boardoptions.com/

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Board Resume

• Senior Financial executive with Board experience.
  Industry experience includes software and
  medical instrumentation. Can contribute to
  strategic discussions involving new product
  evaluation, establishing operations outside the
  USA, and MA. Qualified to serve on the Audit
  and Compensation Committee. Well suited for a
  private company seeking to aggressively grow.

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• 57262 - Executive Director, global merchant bank
  operating in 36 countries. Her responsibilities
  include business development, private equity,
  joint ventures. Strong India contacts. Industry
  experience includes financial services, energy,
  clean tech, carbon financing, office furniture,
  and consumer products. She has worked for global
  leaders such as Coca Cola, Herman Miller. MBA,
  Wharton. B .A. in Economics, Yale. Can contribute
  to Board discussions involving strategic review,
  globalization, MA, and sources of funding.
  Qualified to serve as Chair of an Audit Committee
  as well as serve on Nominating Governance, and
  Compensation. She lives in the New York City
  area. Former Board member of the Simon Wiesenthal
  Center in Europe.

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Exercise

• Individually decide where you are on the next
  logical run of the board food chain. Write down
  your value proposition.
• Discuss with each other state your value
  proposition to others .

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How to Create Board Options

• Articulate your value proposition strategic,
  industry, contacts.
• Clearly articulate where you are audit/oversight
  vs. advise/counsel
• Create a Board Resume
• Define your Board Resume distribution channels

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Board Distribution Channels

• Partners who know Partners in law firmscorporate
  not tax partners.
• Other Board members, check out Guidestar.com
  investing business week (name of person)
• Tax Partners at CPA firms who can refer you to
  audit partners. ?

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Board Distribution Channels

• Recruiters. ?
• National Association of Corporate Directors
• Boardoptions.com
• Boston Club

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Your Bumper Sticker

• I only have time to serve on one Board. I want
  to make it a good one.

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Give it Two Years!
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Managing Risks.
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D0 Liability Insurance

• Get your own insurance agent to give you a second
  opinion about its adequacy.
• Make sure you are covered for actions taken while
  you are a Board member even if the law suit takes
  place after you have left the Board.
• Who selects your attorney?

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Reputation Risks

• Terms protect you.
• Write your resignation letter and give it to the
  President/Chairman and leave the date blank.
• Ask for dates of full Board meetings and
  committee meetings up to one year in advance.

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Compensation Issues.

• Annual Retainer vs. Meeting Fees.
• Equity .5-1.5.
• Key negotiation should be on the amount of equity
  and the pay-out of equity.

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Next Steps

• Review the Board of Director Talent Bank in
  Boardoptions.com. Complete the submit your
  credentials information.
• Email to lstybel_at_boardoptions.com

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MORE RESOURCES

• www.boardoptions.com
• www.nacdonline.org
• www.directorship.com
• www.boardroominsider.com

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