Enter the Boardroom with Nurole

Nadhim Zahawi is a former cabinet minister and Conservative Party chair. Before his parliamentary career, he founded YouGov, where he was CEO for a decade. Tune in to hear Nadhim’s thoughts on: What have been your sliding doors moments in your journey into the boardroom? (1:58) How did you cut through bureaucracy with the Vaccine Task Force? (10:59) How do you deal with the court of public opinion as someone from a commercial background? (17:50) You brought in previous education secretaries as a pop-up board when you took on the role - was it effective? (24:37) Does government (and business) need a more agile means of accessing external expertise? (30:50) Should people with commercial backgrounds bother applying for government roles? (34:29)  Were there specific moments when board members created breakthroughs at YouGov? (36:56) How do you reflect on your decision to go public? (39:46)  And ⚡The Lightning Round ⚡(43:48) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Tamara Box is a partner at Reed Smith LLP, Chair at Interpath Advisory & The Eve Appeal, NED at Hanover Capital, and Trustee at the Chartered Management Institute. Tune in to hear her thoughts on: Why and how did you put in place an advisory board at Reed Smith? (2:10) Given the talent around the table, why are so many boards dysfunctional? (6:21) How did your advisory board add value to you, and where could it have added more value? (9:29) What would you do differently if you were setting up your advisory board again? (15:49) What challenges did the InterPath board face, transitioning to PE ownership? (19:03) As a board member, what heuristics do you use to understand professional services businesses? (22:21) How do you engage with the exec on vision and strategy? (27:30) How do professional services boards think about beating competition? (28:50) What opportunities did PE ownership provide you as a board? (33:18) How have you built your plural career? (36:37) As Chair, what are you looking for in candidates? (41:35) ⚡The Lightning Round ⚡(44:01) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Eamon Devlin is adjunct professor and associate fellow at the Saïd Business School, University of Oxford, founder of Minute9, an elite sports consultancy, and co-founder of MJ Hudson, a private equity law firm. Tune in to hear his thoughts on: To what extent do board meetings resemble half-time team talks for the executive? (1:53) How do you decide who should be present at half-time, and can boards use similar criteria? (5:07) How can you get external voices into the discussion without derailing it? (6:42) What lessons can board members learn from alignment around the purpose of team talks? (8:55) What have you learnt about transitioning into team talks that could apply to board meetings? (12:22) How can boards foster the kind of experimental mindset we see in elite sport? (20:59) Can you explain how Chairs might use the ctrl-alt-delete speech in board meetings? (23:00) Do you have any other storytelling tips board members might find helpful? (28:23) Where did the board add value to you at MJ Hudson, and where could they have added more value? (34.28) What are the biggest risks boards need to be aware of when a company goes public? (37:06) ⚡The Lightning Round ⚡(38:49)Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Nuala Walsh is NED at British & Irish Lions and Basketball Ireland, Chair of Innocence Project London, Founding Director of the Global Association of Behavioural Scientists and author of Tune in. Listen to hear her thoughts on: Can you bring to life, blind, dead and dumb spots - the trilogy of errors that lead to bad decisions? (2:00) If these errors are often unconscious, how can board members know if they are making them? (6:07) How can board members apply the perimeters framework to determine whether they’re being impacted by their biases? (7:15) When should they use it? (13:52) Is there an antidote to these biases? (20:18) Are there examples from your own experience where you’ve been able to help a board think differently and reach a better decision as a result? (23:23) I once failed to prevent a deal which had backing because of interpersonal dynamics rather than economics - what could I have done differently to persuade people? (28:39) Can you reverse-engineer the perimeters framework to influence other people’s decisions? (31:42) How have you built your plural career? (39:03)⚡The Lightning Round ⚡(42:26) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Gerry Brown is Chair of Novaquest Capital Management and G Brown Associates. A plural Chair and NED across private equity, family and listed businesses, Gerry is co-author of three books about boards, including Disaster in the Boardroom. Tune in to hear his thoughts on: Is there such a thing as a comprehensive risk checklist applicable to all boards? (2:07) How do you apply your framework of the six archetypal board dysfunctions on the boards you sit on? (4:01) With a limited number of seats, how do you ensure you get the right voices in the boardroom? (6:57) How do you bring outside voices into the boardroom? (9:04) Can you talk about the problem of the distended board at Uber? (12:27) Are some dysfunctional archetypes more prevalent than others? (16:37) What relevance do these dysfunctions have beyond big corporates? (19:48) What advice would you give a new board member who wants to challenge a successful CEO? (23:54) How do you define and measure healthy board culture? (28:50) Can you give an example where you’ve changed a problematic board culture? (32:42) When haven’t you been able to change board culture? (34:59) How do you remove control shareholders who are damaging other stakeholders? (35:38) How do you assess independent directors as a Chair? (37:29) How do you assess integrity? (39:52) What professional development do you undertake? (40:43) ⚡The Lightning Round ⚡(44:12) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

When have boards added most value to you as an exec? (2:48) When was the last time your board challenged you as CEO? (5:38) How can non-execs challenge execs, without compromising trust? (7:05) How have you and the board of the Natural History Museum got comfortable that your 550m transformation project won’t overrun? (8:52) Could you distill Amazon’s ways of working and how they might apply to boards? (12:33) Can non-execs help instil good judgement in execs? (18:46) What are the other ways in which non-execs can materially impact their organisations? (25:12) How should board members be thinking about AI? (28:44) What can board members do to better undertake their environmental responsibilities? (32:44) ⚡The Lightning Round ⚡(35:11) Audience Q&A (40:57) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Ali Parsa founded Babylon Health, which he grew to a $4.1bn equity valuation in 2021 before it entered Chapter 7 bankruptcy liquidation in 2023. Tune in to hear this amazing story, including Ali’s thoughts on: How has your backstory, escaping Iran in the 80s, informed your approach to entrepreneurship? (2:20) How have you managed to fundraise so successfully? (3:21) What advice do you have for others who are fundraising? (8:01) How did you scale revenues so quickly?(11:24) How did you break into the right distribution channels? (15:12) How do you identify the right person at partner organisations? (16:18) Was launching in the UK rather than US a mistake? (20:40) How did you decide which markets to go after? (25:06) What can board members do to encourage better cross-functional collaboration? (28:24) What value did you get from investor-directors? (31:13) What lessons did you learn through bankruptcy? (35:44) ⚡The Lightning Round ⚡(38:39) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Amy C. Edmondson, a celebrated Professor at Harvard Business School and top management thinker, dives into the concept of psychological safety in boardrooms. She shares why it's crucial for fostering open conversations and effective decision-making. The discussion highlights strategies for assessing and improving psychological safety, addressing challenges posed by remote work, and navigating organizational failures. Amy also offers insights on challenging leadership dynamics and the importance of candid dialogue to drive innovation and growth.

Sara Weller CBE is Chair of the Money and Pension Service and former/NED at BT, Virgin Money and Lloyds Banking Group and UK Department for Work and Pensions amongst many others. Tune in to hear her thoughts on: How have you built a plural career across the private and public sectors? (2:04) What are the similarities and differences between the public and private sector board roles? (4:08) When should people take on their first board position? (6:25) Can you take on a role too early? (9:35) How can board candidates make themselves stand out? (11:49) Are you always the voice of the customer in the boardroom, irrespective of product? (19:24) How do you balance your personal customer experiences with big data? (22:19) How do you express challenge as a NED? (24:44) Can you talk about your own experience of disability in the boardroom? (27:07) How much time should boards allocate to think about disability? (32:13) What three things can boards do now to help disabled board members and customers? (34:03) ⚡The Lightning Round ⚡(36:51) Host: Oliver Cummings Producer: Will Felton Editor: Alex Fish Music: Kate Mac Audio: Nick Kolt Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

Jenny Knott, a Non-Executive Director at the British Business Bank and founder of FinTech Strategic Advisors Ltd, shares her journey into various boardrooms. She discusses the transition from internal to independent boards, emphasizing the need for effective communication and trust. The conversation delves into the nuances of board incentivization, advocating for simpler compensation structures. Jenny also addresses regulatory challenges in fintech and the unique dynamics of startup boards, along with essential insights into enhancing board member value beyond expertise.