Join BDO's Center for Corporate Governance Amy Rojik as she discusses the significant transition senior management undergoes when leaving the C-suite and stepping into the boardroom with Cindy Fornelli, current board of director at TriplePoint Venture Growth BDC Corp (NYSE: TPVG) and former Executive Director of the Center for Audit Quality.

Key Takeaways

Gaining an understanding of the business is a must but as important is being able to exercise the attributes you were chosen for to enhance the board

Board members need to be able to question and push back but do so thoughtfully and respectfully to build a workable comradery

Recognize that executive sessions are opportunities not just to critique but to identify what additional resources the boards might be able to provide

Don’t be afraid to reach out and seek the advice/guidance/opinions of your fellow directors

Ask the questions if you don’t understand but make sure you actively listen to the answers

The Shift from Management to the Board