This podcast episode features Victor Arias discussing his career journey, the evolution of board searches, and the changing demands for board members. Victor emphasizes the importance of building a strong brand and expertise, and highlights challenges such as underrepresentation of Latinos on boards, and focuses on cultivating self-awareness and board effectiveness. He suggests three influential books.
Takeaways
• Skilled leadership in boardroom governance, succession planning, and strategic thinking.
• Evolution of executive and board search businesses.
• Impact of digital platforms on board searches and diversity in board composition.
• Compensation of directors and search firms and factors influencing fee structures.
• Importance of managing risk and ESG issues.
• Increasing demand for diverse board members with global and functional expertise.
• Building a strong brand and demonstrating expertise in a specific area for a board seat.
• Underrepresentation of Latinos on boards and the importance of diversity.
• Creating board depth with members from different backgrounds who can navigate uncertainties.
• Expanding outside core circles and having multiple mentors and advisors.
