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allthingstalent.org
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What Does It Take to Transform Leaders into Next-Generation Board Members? Prasad Medury Answers
- Boards are diversifying and younger people are stepping more into board leadership positions, but inducting younger members can present certain challenges. According to Prasad Medury, Managing Director for India at Odgers Berndtson, new board members need to completely understand and implement governance principles and know how to represent all shareholders fairly and equitably. They should also have the skill to address governance issues and to encourage and motivate younger executives.
- One issue facing some boards is the age divide. Medury recommends that experienced professionals working with younger leaders should embrace agility and adaptability, recognize key objectives that younger members prioritize, such as ESG initiatives and diversity, equity and inclusion, broaden their horizons, and foster a collaborative mindset.
- To successfully transition to a board member role, younger executives should be aware of the significant differences in responsibilities and approach. Medury says they should develop skills like deeply understanding compliance and governance principles, as well as, ensuring that policies are fair and equitable to all shareholders, not just benefiting the majority shareholders or promoters.
- Additionally, they should be able to address governance challenges and be firm on principles like protecting the interests of all shareholders and ensuring ethical governance. They must avoid being dogmatic and limiting the exploration of diverse options and build a balanced team with a mixed set of skills and perspectives.
- Younger leaders need to embrace and implement mentorship programs that involve active listening, facilitating solutions, motivating, and inspiring confidence. It requires a shift from leading to enabling them to achieve their goals and cultivate a high-performance mindset, both individually and within their teams.
- Boards are inducting more tech-savvy members, especially in firms transitioning from traditional to D2C strategies, where they must optimize business models with technology.
- However, issues arise with inducting full-time executive board members elsewhere, who need a no-objection certificate from their current employer and have bandwidth concerns, as the role requires much more than attending meetings.
- Some companies are working to bridge the age gap between board members by embracing agility and adapting to the needs of younger members, who see DEI initiatives and ESG considerations as smart business decisions, which can enhance long-term business viability and stakeholder trust.
- Board members, both younger and older, must learn how to navigate change and transformation, which are inevitable and often disruptive to businesses, by cultivating a collaborative and adaptable mindset.
- Medury states that younger independent board members must view governance and compliance with fresh objective lenses and avoid dogmatism so that companies can thrive with a balanced mix of age-diverse members.
- Medury recommends that the older generation of board members embrace contemporary approaches to work and have an ongoing dialogue with younger members, who bring new energy and ideas to boardrooms.
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Leadgrowdevelop
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How to Stay Motivated During the Holiday Slump: Leadership Strategies for the End of the Year
- As a leader, you hold the key to navigating these challenges while keeping your team engaged.
- Leaders must recognize the holiday slump for what it is—a natural dip in energy and focus during the festive season.
- Increased personal commitments can lead to fatigue and distraction.
- Many employees feel mentally and physically drained after a year of hard work, making it harder to stay motivated.
- Holiday travel planning often disrupts routines and can affect work focus.
- The holidays bring additional expenses that can weigh heavily on some team members.
- Adjusting how work gets done can be an effective way to combat the holiday slump. Flexibility doesn’t mean compromising productivity—it’s about creating a structure that accommodates the season’s demands.
- Acknowledging effort and progress during this time can go a long way. Even small wins deserve recognition.
- Plan low-pressure activities that emphasize fun rather than work. These can include virtual or in-person holiday parties, secret gift exchanges, or volunteering together for a local cause.
- Leaders can encourage team members to manage stress in ways that work best for them with practices like mindfulness, exercise, and enhancing well-being through plant-based remedies.
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Leadgrowdevelop
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Business On The Move: Tips For Planning A Stress-Free Office Relocation
- Office relocation can be exciting but also stressful.
- Here are seven tips to streamline the relocation process:
- 1. Create a detailed plan and timeline for the move.
- 2. Form a move team to handle internal and external operations.
- 3. Sort and discard unnecessary items before packing.
- 4. Label everything to ensure organized and efficient unpacking.
- 5. Hire professional movers to handle the physical move.
- 6. Prioritize setting up essential infrastructure for employees.
- 7. Conduct a post-move debrief to learn and improve for future relocations.
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Leadgrowdevelop
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Top 5 VPNs for Android Devices in 2024
- NordVPN is the best VPN app for Android because of its speed, security, unblocking ability, and cost. NordVPN uses WireGuard protocol technology for faster speed and a secure connection. It bypasses geographical restrictions to access geo-blocked content, making it an ideal option for frequent travelers.
- The Express VPN stands out because it requires no training or experience to use with remarkable easy-to-use Android apps. It safeguards user privacy and security with enhanced AES-256 encryption and protocols like OpenVPN and IKEv2/IPSec.
- For people looking for a budget VPN, Surfshark is a great option costing under $3 per month. This VPN offers fast speeds and excellent unblocking capabilities, allowing users to connect to various content libraries worldwide.
- If you need the fastest android VPN speed, Hotspot Shield provides the fastest connections of other services tested. Proprietary Catapult Hydra protocol technology allows the VPN to give rapid large downloads and high-bitrate streaming
- For those concerned about privacy, CyberGhost is the go-to VPN app. CyberGhost promises anonymity, thanks to its rock-solid no-logging policy. It has optimized filters to provide smoother streaming and is quite affordable.
- Staying protected from hackers when using Wi-Fi hotspots is paramount. Partnering with a reliable mobile app development company to build customized VPN apps for 2024 and beyond is a wise investment to keep customers' data safe while offering an affordable solution.
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Leadgrowdevelop
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How to Start a Law Firm With No Money
- Starting a law firm is a journey of empowerment. It allows lawyers to take control of their careers, choose their clients, focus on legal areas they are passionate about.
- Starting a law firm can be tough, but with the proper planning, affordable technology, and a focus on clients, it’s possible—even if you have limited funds.
- There are four steps to help with planning, that is, identify your key areas of emphasis, maintain low expenses, use legal technology, and start planning.
- When it comes to choosing the practice area and services to focus on, it’s crucial to consider what you enjoy doing.
- Maintain low expenses by avoiding overspending and investing in the essential things like professional liability insurance, business insurance, LLC or PLLC registration, law practice management software and website.
- Cloud-based legal software is an excellent choice for new law firms, and AI technology can help you work more efficiently to enhance client service and free up more time to grow your firm.
- You can set yourself up for success before launching your law firm by planning and organizing yourself as much as possible.
- Starting a law firm with little money is challenging but possible. Focus on essential costs, handle as many tasks as possible at first, and adopt more legal technology as you grow.
- Being your own boss is rewarding if you are passionate about law and can manage financial ups and downs.
- The satisfaction of helping clients and having independence makes the effort worthwhile. With planning and dedication, you can succeed.
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Leadgrowdevelop
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Unearth the Art of Cannabis Selection and Enjoyment
- Cannabis comes in two primary variants: Indica and Sativa, each offering unique effects and used for different purposes.
- THC (tetrahydrocannabinol) is responsible for the psychoactive effects of cannabis, while CBD (cannabidiol) offers therapeutic benefits without inducing a high.
- Terpenes are aromatic compounds found in cannabis that contribute to its scent and flavor, and influence the effects of different strains.
- Important considerations for selecting quality cannabis include source and cultivation, laboratory testing, appearance, and aroma.
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Leadgrowdevelop
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The 4 Elements a Victim Needs to Prove for a Successful Personal Injury Case
- To succeed in a personal injury case, the plaintiff must prove four key elements: duty of care, breach of duty, causation, and damages.
- Duty of care: Establishing that the defendant owed the victim a responsibility to prevent harm.
- Breach of duty: Proving that the defendant failed to meet the standard of care.
- Causation: Showing that the defendant's breach of duty directly caused the victim's injury.
- Damages: Demonstrating the losses the victim suffered as a result of the injury.
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HRM Asia
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Modernising HR processes in an AI-driven world
- The landscape of human resource management (HRM) is undergoing transformation, driven by rapid technological advancements.
- AI is fast becoming a major consideration in many corporate HR departments.
- However, any technological evolution requires a fundamental understanding of the organisation’s processes.
- Fundamentally, it enhances employee data accuracy and consistency, especially for payroll and accounting reports.
- Integrating HRIS can be a complex process.
- In 2021, Inchcape’s HR function—renamed the People Team—embarked on a journey of digital transformation.
- Digital transformation cannot be achieved without the support of good leadership committed to digital transformation and promoting a culture of growth within the organisation.
- Organisations must evolve to thrive in the ever-shifting market landscape.
- The integration of technology into HR systems is not just a trend but a necessity for modern organisations.
- The future of HR is here, and it is powered by technology and by people.
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HRM Asia
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2025 priorities: How prepared is your HR team for these challenges?
- 2025 priorities are set to have a direct impact on HR strategies, with a shift from employee wellbeing to organisational growth, AI deployment, labour contract and shifts. Experts suggest CHROs to focus intentionally on three priority areas in 2025 to cope with the uncertain landscape and align HR and organisational strategy: boost the impact of HR which presents an opportunity to bring together people and business strategy, developing a strong team to lead transformation and building the workforce you need. HR leaders need to ensure their team strategically focus on workforce productivity rather than occasionally addressing it and rethinking their change strategy to inspire change by linking career mobility to organisational transformation.
- The 2024 Gartner CEO and Senior Business Executive Survey cites business growth as the top priority for CEOs, unlike the previous focus on employee wellbeing.
- HR leaders' inflated expectation of generative AI has pushed it into a trough of disillusionment due to employee skill gaps, inefficient data analysis and change fatigue.
- The state of the labour market in 2025 is bleak, with 85 million jobs set to go unfilled, 23% of jobs changing in the next five years and 62% of candidates seeking jobs that meet their employee value proposition requirements, presenting a challenge for HR leaders.
- HR leaders need to focus on boosting the impact of HR, aligning HR and organisational strategy by defining workforce productivity the same way as the business.
- For effective change management, HR leaders need to view effective leadership as change leadership, efficiently communicate with their workforce which employee behaviours and expectations are aligned with the organisation's goals and link career mobility to organisational transformation.
- Strategic workforce planning jumped from sixth place to third, with CHROs shifting their focus from headcount planning to strategic workforce planning, closing gaps in critical capabilities and upskilling employees for future needs, prioritising the most critical skills gaps, and integrating a buy-and-build approach for acquiring talent.
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Hrdive
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This week in 5 numbers: No open PTO? No thanks, workers say.
- 19% of workers said they would decline a job without unlimited paid time off, according to a survey.
- 44% of employers with 500 or more workers offered GLP-1 coverage for obesity in 2024.
- 52% of high schoolers enrolled in skilled trades programs were put on a waitlist for critical training.
- 78% is the share of women on E.l.f. Beauty's board of directors.
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Hrdive
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Healthcare costs are going to increase by double digits — again, per WTW
- Insurers are projecting a global increase in medical costs by about 10.4% in 2025, with the U.S. projected to have a 10.2% increase.
- Public healthcare systems globally have been overwhelmed, leading to an increased reliance on private providers.
- Employer-sponsored healthcare in the U.S. is evolving, with coverage for obesity drugs increasing and a focus on assessing value for specific workforces.
- Employers need to balance cost increases with budget expectations and emphasize data-driven outcomes for both business and health outcomes.
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Blackenterprise
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AI Tech Startup Founder Accused Of Scamming And Conflating Numbers To Investors
- Joanna Smith-Griffin, CEO of AI education startup AllHere Education, Inc., has been charged with defrauding investors.
- She is accused of lying about the company's financials and masquerading as a financial consultant to provide false information to investors.
- Smith-Griffin falsified company financial records to mislead investors and inflate the value and revenue of AllHere Education.
- She faces charges of securities fraud, wire fraud, and aggravated identity theft, and could be sentenced to prison.
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Askamanager
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how do I network without being too transactional?
- When reaching out to former colleagues and managers for LinkedIn reviews or grad school recommendations, it is best to be direct and straightforward in your communication.
- There is no need to pretend to catch up before making the request, as work relationships operate under different etiquette than social relationships.
- It is normal to contact people out of the blue when job-related matters arise, even after long periods of no contact.
- When networking, remember that there is usually an assumption of give-and-take, and maintaining relationships can lead to mutual benefits.
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Leadershipnow
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Leading Thoughts for November 21, 2024
- Creator of Mad Men Matthew Weiner advises not to listen to the reasons behind rejection of your work, as they are often capricious justifications.
- Noel M. Tichy emphasizes that successful leaders add value by making assets under their control more valuable.
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Letsgrowleaders
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The Secret to Developing Employees Who Would Rather Not Grow
- Developing employees who resist growth is not a dead end, but a pivot point.
- Reframe development as an opportunity to engage with the future and think about the desired role.
- Co-create a development plan aligned with the employee's interests and goals.
- Helping employees develop, even when they resist, future-proofs their careers and boosts confidence.
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