theboardiQ Ace Board Readiness Path - Step 2
Self paced, Contextual and Optimized to present the best version of you for Board and Executive Roles
Compensation/HCM
Step 1 - Complete self assessment
There are 8 -12 skills that every candidate is evaluated on for board roles. theboardiQ Ace Contextual Skill Assessment is the first step to contextualize your skills and experience to set you up for the relevant Ace Board Readiness Path. This is based on research findings of the Glass Lewis Method of Board Selection Process of Public Companies.
Once you have completed the self assessment, you will be directed to make your own customized self paced board readiness path. Your place, your pace, your time. 95% recommendations are free. Content curated by theboardiQ from top MOOCs, Universities and Institutions (UN and WEF). The modules have assessments / quizzes leading upto certification by theboardiQ Academy.
Step 2 - Optimize by relevance
Based on the insights and self assessment in Step 1, make your own customized self paced board readiness path. The modules have assessments / quizzes that will help determine your skill enhancement after the relevant training, leading to certification by theboardiQ Academy
Your place, your pace, your time
Primary Skills
Human Capital Management / Executive Compensation
This is the core and most essential skill for this board role. A board member must have a deep understanding of compensation strategies, talent management, succession planning, and performance management to ensure the company can attract, retain, and motivate top talent. This expertise is critical for designing and approving executive pay structures that align with shareholder interests.
A board member with a CEO or business head background brings a vital strategic perspective. They understand how compensation structures and human capital strategies directly impact business performance and culture. This skill is necessary for ensuring that compensation plans are not just fair and compliant but are also powerful tools for driving the company's overall business objectives.
CEO and Business Head
Business Ethics and Compliance
Given the high scrutiny on executive pay, a board must have members who are experts in business ethics and compliance. This skill is crucial for navigating complex regulations, ensuring fairness, and avoiding conflicts of interest. It is vital for maintaining the company’s reputation and building trust with employees, investors, and the public.
A board member with strong financial acumen is essential for a compensation committee. They must understand the financial implications of executive pay, including the impact of stock options, bonuses, and other incentives on the company's financial statements. This skill is critical for overseeing the financial reporting related to compensation and ensuring accurate disclosure to shareholders.