Have you reached the point in your career where you are interested in lending your experience and expertise to others? If you want to move beyond your own company or your current role, one possible idea would be to make it known that you'd like to become a corporate bank board representative. Such an appointment could be a prestigious addition to your resume, but there are a number of things you should keep in mind before you move forward. Here are some tips to consider before seeking out a corporate board position with a bank.
You Might Have Connections, But the Right Agency Can Get Your Name in Front of the Right People
You might have connections made throughout your career that could help position you for this next phase of your life. But corporate bank board openings don't come along all the time, and it's important to make sure you are positioned properly when the time comes. An agency that specializes in helping corporate boards search for new members may be able to get your name in front of the decision-makers at the right time. Seek out a company that specializes in this area and you might have an opportunity come your way sooner rather than later.
Bank Board Members Typically Have to Follow Lots of Regulations
You are likely used to following the rules at your own company, but sitting on a bank board introduces an entirely different set of regulations. Bank board members could be closely watched by the government agencies that provide oversight for banks. Educate yourself on these regulations before you make yourself a candidate. You don't want to bring a public relations nightmare to your new board by deciding to sell off some stock or making another decision that is against the rules.
Make Sure Your Own Financials Are Squeaky Clean
Beyond following the regulations that govern bank boards, you should also make sure everything from your existing personal loans to your personal checking account is as squeaky clean as possible, right down to the last cent. It's not uncommon for journalists and reporters to investigate or research an individual when they get tapped for a prime spot on a bank board. If your own finances aren't in order or you have a sordid past, you need to do what you can to clean this up before you even consider moving forward. Contact a local corporate board search agency today to get started.
Look into a corporate board representative like William Keyes for a better idea of the requirements.