Why Young People Want to Join Your Board

Tuesday, December 20, 2016

 

The great news is young people do want to join a board. With a post-school diploma or degree under one arm, they're looking for the employment edge. Here are some top reasons why they may be interested in YOUR board.

 

1. Expand their network

Generation Y (GenY) and Millennials (Mills) are great networkers. They have more faith in social capital as financial wealth seems a long way off. When joining a board, they can expand their networks with;

  • Suppliers who look after your business

  • Benefiting organisations (i.e. other not-for-profits you support)

  • Executive level events (e.g. council, industry)

  • Strategic partners

  • Working with a different organisation and its staff

  • Working in a different industry.

 

2. Raise their profile

It's a race to get to the top of the organisational chart for GenY and Mills. Being a director raises their profile;

  • At their current workplace

  • By giving them the ability to talk to their executives at a progressive level

  • By losing their business naivety  

  • Through experience, experience, experience

  • By letting them list unique achievements on their resume.

 

3. Strengthen project and management skills

It's one thing to do mountains of univeristy case studies on other businesses, yet another to live projects and managing. What's more, being on a board means;

  • Free education with no exams

  • Experience, experience, experience

  • Strategy and planning for real, with real-world implementation and monitoring

  • Financial and personnel management decisions

  • Building and investment programs

  • Making complex decisions

  • Conducting personal research

  • Understand legal matters

  • Working in a diverse team

  • Learning to speak to be heard clearly and negotiate

  • Expanding their business vocabulary.

 

4. Learn about governance

Governance isn't really taught in a business related degree. The best way to learn is to do a specialist course, then just do it. Being on a board means;

  • Again, free education with no exams

  • Experience, experience, experience

  • Appreciating the difference between governing and managing

  • Learning about constitutions, bylaws, policies, roles and responsibilities

  • Meeting procedures and report writing

  • Managing up and down

  • Making decisions within a prescribed framework.

 

5. Contribute to and learn from the community

Young people want to be heard and considered. They're going to want to;

  • Bring their perspective to the table

  • Understand older and experienced people’s perspectives

  • Influence community decisions

  • Understand how community decisions are made

  • Maintain purposeful engagement.

 

6. Make a difference

This is the big one. At the end of the day, GenY and Mills want to;

  • Improve opportunities, services and profile of other young people in the community

  • Get involved in making decisions and the funding level

  • Feel empowered!

 

How can you use these insights to improve your engagement with young people?

 

This article is part of the free email series; 90-days to Board Succession Planning

To subscribe, join right here!

Shayne Leslie | 0412 241 773 | shayne@integratedgovernance.com.au

 

 

 

 

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