Getting a NACD Directorship Certification with Pat Benoit
Jan 31, 2024
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Pat Benoit, CISO at Brinks, shares his experience obtaining a NACD Directorship Certification. He discusses the certification process, resources available, and the importance of perseverance. The episode also explores obtaining cybersecurity certifications, networking, and the challenges of adapting to new roles and expectations.
Obtaining a NACD Directorship Certification opens opportunities beyond the CISO role, allowing cybersecurity experts to leverage their expertise in governance and risk assessment.
The NACD certification process includes comprehensive resources and training, including a 40-hour video course, study guides, practice tests, and study sessions, with a focus on scenario-based questions simulating real-world board situations.
Deep dives
Motivation for Getting NACD Certification
The podcast episode features a conversation with Pat Benoit, the CISO at Brinks, who recently obtained his NACD directorship certification. Pat explains that his motivation for pursuing the certification stems from the desire to explore opportunities beyond the role of CISO. He highlights that serving on a board of directors provides a unique avenue for leveraging his cybersecurity expertise in the realms of governance, risk assessment, oversight, and audit. Pat believes that as SEC rulings evolve, there will be an increased demand for business leaders with a strong background in cybersecurity to guide board-level decisions.
Choosing NACD and the Certification Process
Pat shares his decision to pursue the NACD certification and explains the process he went through to obtain it. He mentions considering other alternatives but ultimately settling on NACD as the gold standard for public company board certifications. He describes the comprehensive resources and training provided by NACD, including a 40-hour video course, study guides, practice tests, and study sessions. Pat also discusses the certification exam, which includes multiple-choice and scenario-based questions. He emphasizes the value of scenario-based questions as they simulate real-world board situations. Pat shares his personal experience of initially failing the exam but persevering through additional preparation and successfully passing on his second attempt.
Future Aspirations and Insights about Board Membership
Pat discusses his future aspirations and the insights he gained about board membership during the process. He expresses the hope that achieving the NACD certification will open doors for potential board roles and opportunities. Pat emphasizes that shifting from a management mindset to a governance mindset is a significant difference when serving on a board. He highlights the importance of understanding executive compensation packages and governance practices, as well as the need for cybersecurity expertise among board members. Pat concludes by offering advice to individuals considering pursuing the NACD certification, emphasizing the importance of investing in oneself and being prepared for the financial commitment it entails.