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Enter the Boardroom with Nurole

Latest episodes

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Jan 18, 2024 • 46min

54. Ann Francke OBE - Management: how boards can quantify the value of better leadership, work with mercurial CEOs and balance managerial and technical competence

As CEO of the Chartered Management Institute for over a decade, Ann Francke has spent some time thinking about what good management looks like and how organisations achieve it. Tune in to her conversation with Nurole CEO Oliver Cummings to hear her answers to: How can we know that investing in leadership causes high-performance, rather than there just being correlation? (1:31) If investment into management training produces better outcomes, why are market forces not dictating more investment? (5:22) As a board member, how do you handle a visionary CEO who’s a bad manager? (9:13) If you were on the board of a highly-successful organisation and you heard a horror story about the CEO, what would you do? (11:29) How do you decide when to speak up and when to hold your tongue about what you feel is right?  (16:22) How can board members evaluate their organisation’s management? (22:55) How do you balance intuition and data-led questioning? (27:52) How do you think about balancing technical and managerial competence? (29:13) What can board members do, practically, to help their organisation improve its management? (32:56) What other mistakes do boards make, which have the most negative impact on management? (36:27) How do you overcome groupthink in the boardroom? (39:22) and ⚡The Lightning Round ⚡(41:09)Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Jan 11, 2024 • 53min

53. Hamilton Helmer - Strategy: how boards can use the “7 Powers” to sustain performance in the face of competition

How can boards help businesses keep hold of the value they create? In “7 Powers: The Foundations of Business Strategy”, Hamilton identifies seven powers organisations can develop to protect themselves from competition. Listen to his conversation with Nurole CEO Oliver Cummings to discover how you can use them as a board member. Hear Hamilton’s answers to: Why are your insights in 7 Powers relevant to board members? (1:58) How do the best boards define strategy? (5:20) How can they use the 7 Powers to inform their strategic input? (13:01) How can boards understand their competitors’ power? (16:51) How can boards assess the power of their brand?(19:49) How do you determine whether your power is subject to diminishing returns? (30:00) How can incumbents use the 7 Powers to respond to new competition? (34:44) Why do organisations struggle to marry strategy and execution?(38:09) How much time do the best boards spend on strategy? (43:30)⚡The Lightning Round ⚡(46:53)  Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Dec 19, 2023 • 46min

52. Sarah Flannigan - Trustee to NED to Chair: creating a board profile, transitioning to paid roles and building a value-driven portfolio career as a NED and Chair

Sarah is Chair of Bionic, Yeo Valley, Riverford Organic Farmers and Sawdays and Senior Advisor at OMERS Private Equity. Tune in to her conversation with Nurole CEO Oliver Cummings to hear her answers to: Why did you take on your first board roles whilst you were still a busy non-exec? (1:33) What do you know now which you wish you’d learnt then? (4:17) What was the biggest surprise of the boardroom? (7:09) In what ways did your exec and non-exec roles inform each other? (9:09) Did you consciously decide to leave your exec career and go portfolio? (10:53) How did you think about transitioning from pro bono to paid roles? (12:31) What were the most challenging aspects of the transition? (16:30) Did you have a breakthrough moment or was it just persistence? (19:12) How do your boards compare across different ownership structures? (20:43) What characteristics would you take from each structure to create the dream board? (25:57) What have you learnt about chairing which you wish you’d known before? (27:49) How would you design a perfect Chair role? (30:55) What have been the good and bad interview questions as a prospective Chair? (32:31) How do investor-backed Chairs ensure they are even-handed with CEOs? (35:01) How do you ensure your values shape your portfolio? (37:46) As a Chair, what do you look for in NEDs? (41:00) and ⚡The Lightning Round ⚡(43:12)      Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Dec 12, 2023 • 46min

51. Martin Gilbert, Aberdeen Asset Management Co-Founder - Support (& challenge): how the best boards embrace mistakes, look to the future, and support fund managers and CEOs

Martin sits down with Nurole CEO Oliver Cummings to consider: How did the board add value during Aberdeen’s organic growth? (1:45) How did the board help through acquisitions? (3:45) How have you learnt from your mistakes? (7:35) How did you balance instinct with analysis? (8:54) How does the board’s role at Revolut compare to Aberdeen? (12:19) Has the world become less forgiving, and what can boards do to help? (17:30) Why do you take on roles at listed companies? (19:26) What value can CEO-NEDs add to boards (and vice versa)? (22:10)  How do you identify high-risk / high-value employees? (24:49) What value have “future” sub-committees added? (26:18) How should boards manage their high-risk / high-value employees? (28:42) How can investment trust boards help their executive decision-makers? (33:15) What are the traits of the best investment trust board members? (35:44) Do investment trusts need cult fund managers? (39:43) and ⚡The Lightning Round ⚡(43:49) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Nov 28, 2023 • 57min

50. Professor Andrew Kakabadse - Control, service and strategy: why boards are more important than ever, and how they need to change to add value

Professor Kakabadse, one of Harvard Business Review’s most influential management gurus, has spent a lifetime working with boards, publishing 45 books and 250 scholarly articles on the subject. Tune in to his conversation with Nurole CEO Oliver Cummings to hear his answers to: How do you define and measure the board’s role and effectiveness? (0:57) Can you unpack the meaning of “board stewardship”, with examples? (5:07) How can boards build requisite psychological resilience? (11:35)  How can Chairs manage domineering board members? (16:14) What can board members do where they feel impeded by governance?(19:23) Where can boards deliver the most value today? (24:25) Which forms of diversity do boards need to add more value? (29:42) What can UK boards learn from other systems? (41:10) Should Chairs play a more dominant role for boards to be more effective? (43:09) What are the respective roles of CEO and Chair? (46:21) How do Non-Execs slot into a close Chair-CEO relationship? (48:51) and ⚡The Lightning Round ⚡(53:05)  Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Nov 21, 2023 • 48min

49. Dame Jayne-Anne Gadhia - From seed to public: the board’s role in two entrepreneurial success stories

Dame Jayne-Anne Gadhia has worked with boards from most angles, across every business stage. Tune in to her discussion with Nurole CEO Oliver Cummings as she reflects on her journeys with Snoop and Virgin Money, and hear her answers to: How have you thought about fundraising for Snoop? (1:29) When and why did you first create a board? (6:01) How did your investor directors add value? (7:59) Were the boards more than just rubber ducks? (10:35) How have the best boards and Chairs provided you with support? (13:06) How do you think about getting the best out of your Chairs as a CEO or Founder? (18:23) Who sets strategy - the Board or CEO? (22:53) Are there downsides to customer-driven strategy? (26:03) Practically, how have you engaged with your boards over strategy? (27:47) What was your experience of chairing the company you founded? (31:44) How do you think about board composition at different business stages? (34:55) How did you think about board size at different business stages? (37:57) What mix of execs and non-execs has worked best for you? (40:17) And ⚡The Lightning Round ⚡(43:13)   Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Nov 14, 2023 • 48min

48. Matthew Newcombe-Ellis Becoming a Chair (II): assessing the role, working with passion, structuring meetings and fundraising

After fifteen years as an investment banker, Matt joined the board of Prostate Cancer Research. Two years later, he was Chair - a job he now does full time. What made him make the leap? Tune in to Matt’s conversation with Nurole CEO Oliver Cummings to hear his answers to:  What advice would you have for someone considering becoming a Chair? (1:36) How did you prepare for your Chair role? (3:36) Why did you want to become a charity Chair, given the risks? (6:29) How can you add the most value as a Chair? (8:36) What have you done to foster a culture where people feel comfortable innovating? (11:13) How have you thought about board composition / hiring? (12:01) What have you learnt about onboarding? (16:17)  Does trustee engagement vary depending on how you recruited them? (18:08) What is your approach to fundraising? (21:45) How do you build a high-net-worth network? (26:10) What have been the biggest challenges of chairing a charity board? (27:14)  Which areas did you need to improve the most when you started chairing? (28:59) To what extent do you choreograph meetings? (34:47)  When do you encourage execs to come with recommendations versus points for discussion? (36:58)  What due diligence do people need to do before accepting a charity Chair position? (38:59)  How did you know you felt passionately enough about your charities? (42:26), and ⚡The Lightning Round ⚡(45:15)Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Nov 7, 2023 • 52min

47. Roger Parry - Becoming the Chair (I): preparing for the role, managing stakeholders, developing strategy and hiring the right NEDs

Do you aspire to Chair your board? Or better understand how your Chair thinks? Uber NED Roger Parry sits down with Nurole CEO Oliver Cummings to reflect on his 20+ years chairing global organisations like YouGov and Future Publishing. Tune in to hear his answers to the following questions: How do you prepare to become a Chair? (1:24) What are the different Chair archetypes, and are some better than others? (3:54) Can you become a Chair without being a CEO or CFO? (8:04) What are the key things you learnt from your Chair mentors? (9:28) What is the Chair’s role, and how should it be distinct from the CEO? (11:48) How involved do you get with strategy, and how much time does it take? (15:05)  When and where have you added most value as a Chair? (22:11) Where can Chairs add value, beyond managing shareholders? (26:06) When and where have you got it wrong as a Chair? (29:04) What else can you do to prepare to become a Chair? (36:43) How do you hire for genuine diversity of thought, and what is its value? (39:00) ⚡The Lightning Round ⚡(46:00) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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Oct 31, 2023 • 46min

46. Dr Shefaly Yogendra - Decision-making: how boards make good decisions (and avoid bad ones)

Dr Shefaly Yogendra, Chair, NED and Advisor with a PhD in decision-making, discusses promoting good decision-making frameworks, managing biases, embracing discomfort, retrospecting past decisions, and navigating conflicts of interest in boards. Lightning round insights add a fun twist to the conversation.
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Oct 19, 2023 • 43min

45. Shellye Archambeau, Fortune 500 Committee Chair - Building a board portfolio: how to get board roles, develop non-exec skills, construct a portfolio and manage impostor syndrome

Now on the boards of two Fortune 500 companies, Shellye Archambeau began building her board portfolio whilst she was a Silicon Valley CEO. Tune into Shellye’s conversation with Nurole CEO Oliver Cummings to hear her answers to: Why did you take on your first board role whilst you were still a CEO? (0:40) How did you make the time to be both CEO and board member? (4:29) How much time did you allocate for your board role? (6:04) How did you develop your non-exec skillset? (8:13) How did you use the audit committee to develop your strategic value? (9:46) How did you gain credibility as a non-exec in a new sector? (11:50) What’s your approach to reading board papers? (13:57) What are the right questions to raise in board meetings (versus outside them)? (15:48) What role have pro bono roles played in building your portfolio? (18:11) How have you thought about the overall construction of your portfolio? (19:48) How did you turn one board role into a portfolio? (21:24) How do you strike a balance between questions and advice? (24:12) What does a good board member look like to you? (26:34) When have you experienced impostor syndrome the most severely? (28:15) What tactics do you have for overcoming impostor syndrome? (31:56) What can boards do to minimise potential impostor syndrome? (34:31) How do you know when to quit, when to stick, and when to swerve? (36:48),  and ⚡The Lighting Round ⚡(40:11).  Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom

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