Upskilling or Obsolesence

In today’s boardrooms, expectations are rising. Directors are expected to not only govern with wisdom but also to bring fresh insight into emerging risks, new technologies, and shifting social expectations. That’s where upskilling comes in.

Upskilling isn’t about collecting credentials for the sake of it. It’s about sharpening your ability to contribute meaningfully in a governance role today and in the future. Think of it as part of your fiduciary duty to stay informed, agile, and credible.

Why Upskilling Matters

• Relevance: Boards need directors who can speak to cyber risk, ESG, AI, and other disruptive forces. Staying current ensures you’re not sidelined in critical conversations.

• Confidence: The more knowledge you bring, the more confident you’ll feel asking the right questions—and pushing for the answers that matter.

• Future-Proofing: Governance is changing quickly. Boards are increasingly recruiting based on specialized skills. Your learning today is the foundation for tomorrow’s opportunities.

What Happens When You Don’t Upskill

It’s easy to think, “I’ve been on boards for years; my experience speaks for itself.” But the reality is stark:

• You risk becoming the silent observer rather than the influential voice.

• You may be overlooked when opportunities for committee leadership or new board seats arise.

• You could unintentionally weaken the board if your knowledge gaps prevent you from engaging on key issues.

In short, standing still is the fastest way to fall behind.

Three Questions to Ask Yourself Before You Sign Up

Upskilling is not one-size-fits-all. Before enrolling in a course, program, or seminar, pause and ask:

1. What am I genuinely interested in?
   Passion fuels persistence. Choose areas that spark curiosity, not just ones that feel obligatory.

2. What will help me with my current board work?
   Consider where your board is struggling or where your committee needs depth. Target learning that can have an immediate payoff.

3. What will be required to be a strong candidate for my next board?
   Think forward. If you aspire to join a financial institution’s board, do you need to strengthen your risk management credentials? If you’re eyeing a sustainability-focused company, would ESG certification set you apart?

Upskilling is an investment in your value as a director, your ability to shape the conversations that matter, and your relevance in the boardroom of the future.

The choice is simple: keep learning or risk being left behind.