Shannon Nash emphasizes that while being a CEO is not a requirement, having the right skill set that matches the board’s needs is crucial. Shannon’s trajectory involved exposure to board roles early in her career, gaining experience through non-profit boards, and building a strong network of mentors and supporters. She highlights the importance of taking board prep classes, understanding one’s value proposition, and being passionate about the company and industry.
Shannon shares her experiences on both private and public company boards, noting that private boards can offer valuable learning opportunities and a focus on strategy. She stresses the significance of building relationships with other board members and finding common ground. Shannon also discusses the challenges of balancing board responsibilities with a demanding day job and personal life, emphasizing the importance of having a support system and choosing the right opportunities.
Regarding the outlook for increased Black representation on corporate boards, Shannon believes that while there may be some progress, substantial change is unlikely within the next five years. She suggests that term limits and structural changes could help promote innovation and diversity. Shannon also encourages aspiring directors to leverage their unique skill sets and be open to opportunities in industries where they may not have direct domain knowledge. She concludes by emphasizing the importance of networking, finding role models, and participating in projects that provide visibility and support for diverse candidates.
