This article marks the second feature in our multi-part series on the careers, reflections and recommendations of independent Non-Executive Directors (NEDs) internationally. As some countries emphasise when a director is independent but others don’t, our shorthand NED includes independent NEDs (iNEDs). Part One in this series covered a spread of countries and financial services industries where the individuals gained executive experience, and their NED roles cover insurance, health, reinsurance, pensions/retirement and securities brokerage. This second instalment is similarly diverse, including bancassurance, financial planning, wealth management, asset management, insurance (life and general / property & casualty), and mortgages.
NED roles often form part of a portfolio career, where a number of different of roles are done concurrently, rather than only one fulltime corporate job. Portfolios can include both paid and volunteer positions: a mix of NED roles, part-time consulting, side commercial ventures, professional volunteering, community work and more… Plurality of roles is becoming increasingly common as the nature of work evolves.
Building on Part One, the vignettes in this second article offer further examples of the portfolio nature of NED roles. May their experiences encourage you to reflect on your own career aspirations. Read more below for the career experiences and suggestions of three more NEDs internationally: Margaret Carey, Ashok Gupta and Estella Chiu.
Another great TEDx talk we’d like to share with our readers. This one is by a resilience expert it turned out to be an essential survival skill for i.e. someone who’d studied the academic theory, done applied research in the US and New Zealand, used it to help others through struggles, and also applied it in her own life. In her words: “I’d done the research. I had the tools... How useful [would] they would be to me now in the face of such an enormous mountain to climb?”
Dr Lucy Hone, in a touching, powerful and personal talk, shares three strategies which helped her through unthinkable tragedy, and can help all of us face our own challenges. Struggle is part of life and completely normal, says Lucy, and being vulnerable and not always perfect is absolutely part of being resilient. She reiterates that there are ways of thinking and acting that we know boost resilience.
While she references diverse aspects of life at the start of her talk, such as loss, heartbreak, divorce, infidelity, natural disasters like earthquakes or tsunamis, being bullied or made redundant, miscarriage, infertility, mental illness, dementia, and physical impairment, resilience and wellbeing can also help with general career-related struggles and even with managing change.
See Lucy’s other videos on YouTube for more on her experiences, work and philosophies. She is a codirector at the New Zealand Institute of Wellbeing and Resilience, and a research associate at AUT University in Auckland.
Wellbeing is about the balance between your physical, intellectual, social and psychological resources and the challenges you’re up against.”
Read more below to see why we need resilience (including to try new things and learn), explore Lucy’s suggestions for dealing with adversity and change, and watch her TEDx Christchurch talk.
In this more lighthearted post, we consider the ways in which we as professionals tend to approach our careers, based on our development conversations with our proteges over the years. One lens with which to view how we take action is as a range/spectrum from spontaneous and emergent at one extreme, to structured and deliberate on the other. While where we sit on the continuum is influenced by our personalities and natural preferences, the environment we find ourselves in might cause us to shift too. We will also naturally be a blend of both, rather than exclusively at one extreme or the other.
To illustrate the extremes, consider these two characters:
Norah is the extreme character who believes enthusiastically in serendipity and possibilities. She loves arriving in new situations, assessing the lay of the land and crafting her approach as she goes. She’s the one who rushes in head-first, jumps off the cliff and assembles her plane on the way down (as the startup world likes to describe their work). Exploring and determining the best approach in the moment are Norah’s natural preferences, so she reacts well to the unexpected, seeing it as an exciting challenge to solve.
Most discoveries even today are a combination of serendipity and of searching.”
At the other end of the spectrum, Anna has meticulously planned her path. She’s done her research, got the maps and structured her itinerary. For her the joy is in advance-thinking, scenario planning, and risk mitigation – she’s thought through different possibilities in advance, and built her plan to accommodate these unknowns. She does particularly well when there is a clear path ahead that she can work her way through methodically, such as a series of professional exams she needs to pass to progress in her career.
Poor planning on your part does not necessitate an emergency on mine.”
In between these two extremes, is a multitude of blends. Indeed, you probably recognise elements of both Norah and Anna in yourself, when considering your approach to your career e.g. Noranna the Explanner or Annorah the Plannorer! Seriously though, people towards the centre of the continuum would both know what they enjoy (because they’ve reflected on what drives them and past situations they’ve excelled in) and be open to capitalising on fortunate events that arise i.e. they’d have a broad brush picture of the environment without clarity on the details (yet).
Without leaps of imagination or dreaming, we lose the excitement of possibilities.
If the circumstances require you to shift rapidly from one end to the other, that can induce extreme stress. For example, Anna landing in a startup without any hope of a job description because she’s wearing multiple hats at the same time, and changing them regularly… Or Nora being required to document the step-by-step process to completing specific tasks for new joiners in her team, while herself following the predefined path to qualification required by her profession.
And, to conclude, a simple quiz to help you think about which side you might lean towards. Do also let us know your thoughts on the explorer-planner continuum and how you shift along it in different environments. The quiz covers three situations at work:
At work, your diary is full as you have major deadlines on a project you have been collaborating with other teams on for a few months. The launch is depending on you getting everything done in time, and there are significant interdependencies between your and other teams.
At the last minute, your boss invites you along to a meeting with a connection of his who has offered to share his insights on the evolving nature of your industry. He tells you to send a delegate from your team to the project progress meeting that’s about to start. The heads of each function working on the launch are attending the progress meeting and are expecting you to attend too.
How do you react?
A: Seething inside at the latest unexpected interruption and the casual ‘drop what you’re doing’ approach of your boss, you remind him (not quite masking your irritation) of the importance of the launch and your attendance at the progress meeting to it. You decline his offer.
B: You excitedly jump at the chance to join your boss, seeing it as an opportunity to learn new things about your industry, and meet a contact that could be helpful to your future career.
C: You calmly explain to your boss the importance of your attendance at your pre-scheduled progress meeting, and ask him to invite you to future sessions on your industry as you are keen to learn more about it. You offer to send one of your team to his meeting instead.
You become aware that another business unit in your organisation urgently needs someone to spend a month in South America to help a local team with a project, starting on Monday. Your skills are a great match and they are keen for you to take on that project. What do you do?
A: Suggest alternative people across the business who may be able to help them, as your workschedule is already defined for the next three months and people are counting on you.
B: Say yes, book the flight, and rent out your apartment, rushing to get everything done at home before leaving over the weekend.
C: Given the timezone difference, offer to help them remotely on a part-time basis in addition to your existing work you’ve committed to. At the same time, see if you can defer some of your commitments to free up a week towards the end of the month to meet with them in person.
You’re new into a role, learning a lot and enjoying it. You’re riding the learning curve. Do you know what your next role will be?
A: Yes, you’ve mapped out the range of next steps typically taken after a role like yours, and you have a strong preference. You also know which division of the company you want to work in, what skills you require, and who you need to build relationships with to ease the future transition. You’ve discussed your thinking with your boss too, so she knows what expectations you have of her in 2-3 years’ time.
B: Not at all. You’re having so much fun now, and you know that something amazing will come onto your radar at the right time if you do this job well. Something always does.
C: You have a sense of what you might enjoy next, and what skills you’re currently learning that are transferable to other environments, but no map of where to go i.e. general direction but no specifics yet.
The more A’s you have, the more you’re like Anna. The more B’s you have, Norah. And, if you’re all C’s you’re balancing both approaches on the spectrum.
Good fortune is what happens when opportunity meets with planning.”