“Management is doing things right leadership is doing the right things.”
Peter Drucker
The Strive On Group hosted an enjoyable JTB session that delved into the critical role of board members in shaping the future of organizations. The session was an illuminating exchange of ideas and experiences featuring key insights from distinguished leaders including Alhaj Kaddunabbi Ibrahim Lubega, CEO of the Insurance Regulatory Authority, Ms Florence Mawejje, HRM Development Professional, and Dr Peter Kimbowa, MD and CEO of Summit.
Mr Kaddunabbi emphasized the importance of being well-read and informed. He stated, “As a board member you provide strategic oversight You cannot provide effective guidance without knowledge and reading widely.” He called for a shift beyond mere compliance, where boxes are ticked but the need for real value-add. He underscored that board members should always think of ways to improve the status quo aiming for intentional governance and bold leadership. Candour in the boardroom was another point of emphasis. He highlighted that without openness and transparency, boardroom discussions would lack impact
Ms Mawejje brought an HR perspective to the discussion drawing attention to the qualities required for effective board membership. She outlined five critical attributes
- Integrity
- Strategic thinking
- Entrepreneurial skills
- Purpose and missiondriven mindset
- Tech survey
Ms Mawejjes discussion concluded with a compelling call for “collaborative humility“. This refers to the ability to collaborate effectively, listen to diverse perspectives, and remain open to new ideas, all while being humble in ones approach to leadership and governance.
Dr Kimbowa offered his expert perspective on the role of board members. According to Dr PK effective board members should embody the following qualities:
- Strategic enabler
- Risk mitigator
- Value creator
He outlined the core responsibilities of board members both inside and outside the boardroom.
Inside the boardroom:
- Provide strategic oversight
- Possess the capacity for financial management and resource optimization
- Engage in risk and crisis management
- Ensure governance compliance
- Manage boardroom dynamics effectively
Outside the boardroom:
- Represent the organizations brand
- Support mentorship professional development
- Aid management in attracting capital and securing revenue
- Speak with one voice ensuring a unified vision
This post was created with our nice and easy submission form. Create your post!