Enter the Boardroom lifts the veil on the secretive world of boards, giving you the information you need to get more board roles and become better board members...
101. Christmas Bonus: Dr. Ali Parsa - The rise and fall of Babylon Health
Ali Parsa founded Babylon Health, which he grew to a $4.1bn equity valuation in 2021 before it entered Chapter 7 bankruptcy liquidation in 2023. Tune in to hear this amazing story, including Ali’s thoughts on: How has your backstory, escaping Iran in the 80s, informed your approach to entrepreneurship? (2:20) How have you managed to fundraise so successfully? (3:21) What advice do you have for others who are fundraising? (8:01) How did you scale revenues so quickly?(11:24) How did you break into the right distribution channels? (15:12) How do you identify the right person at partner organisations? (16:18) Was launching in the UK rather than US a mistake? (20:40) How did you decide which markets to go after? (25:06) What can board members do to encourage better cross-functional collaboration? (28:24) What value did you get from investor-directors? (31:13) What lessons did you learn through bankruptcy? (35:44) ⚡The Lightning Round ⚡(38:39) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: [email protected] Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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45:56
100. Professor Amy C. Edmondson - Psychological safety: how boards have the best conversations to make the best decisions
Amy C. Edmondson is a Professor of Leadership & Management at Harvard Business School. Ranked #1 management thinker in the world by Thinkers50, Amy has written seven books, including Right Kind of Wrong and the fearless organization. Tune in to hear her thoughts on: What is psychological safety and why does it matter for board members? (1:44) Can we overcome our fear of what others think of us, even if we’re aware of it? (4:02) Isn’t psychological safety just a grandiose term for inclusion? (5:12) As board members, what should we be looking at to assess our organisation’s psychological safety? (7:24) Are there predictable events that trigger drops in psychological safety? (10:16) How can organisations mitigate the impact of remote work on psychological safety? (13:10) How can boards increase the quality of their conversations through psychological safety? (14:14) Can you talk about “setting the stage” and specific tactics boards can use to have more candid conversations? (17:02) How do you sanction violations whilst maintaining psychological safety? (19:27) How would you advise board members to challenge execs in meetings? (24:46) How can boards decide if their CEO is a difficult genius to stick with or someone they should let go? (26:11) Where do we go wrong when thinking about failure? (28:51) When is it right to proceed via first principles versus A|B testing? (34:50) Could the boards at VW, Wells Fargo and Nokia have prevented their respective failures? (36:08) ⚡The Lightning Round ⚡(40:01)Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: [email protected] Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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42:52
99. Sara Weller CBE - Building a plural career across the private and public sectors, representing customers and disability in the boardroom
Sara Weller CBE is Chair of the Money and Pension Service and former/NED at BT, Virgin Money and Lloyds Banking Group and UK Department for Work and Pensions amongst many others. Tune in to hear her thoughts on: How have you built a plural career across the private and public sectors? (2:04) What are the similarities and differences between the public and private sector board roles? (4:08) When should people take on their first board position? (6:25) Can you take on a role too early? (9:35) How can board candidates make themselves stand out? (11:49) Are you always the voice of the customer in the boardroom, irrespective of product? (19:24) How do you balance your personal customer experiences with big data? (22:19) How do you express challenge as a NED? (24:44) Can you talk about your own experience of disability in the boardroom? (27:07) How much time should boards allocate to think about disability? (32:13) What three things can boards do now to help disabled board members and customers? (34:03) ⚡The Lightning Round ⚡(36:51) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: [email protected] Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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43:20
98. Jenny Knott - Compensation, breaking into new sectors and adding value as a board member
Jenny Knott is NED at the British Business Bank, the UK Development Bank & SimplyHealth and Founder of FinTech Strategic Advisors Ltd. Tune in to hear her thoughts on: What was your journey into the boardroom? (1:44) How did you transition from internal to independent boards? (3:50) When you were CEO, was your board your highest return on your time invested? (6:06) Do board members add more value in or outside meetings? (10:10) Who is board performance for? (12:38) Can boards really perform their monitoring function? (13:19) What do NEDs need to understand first when they come onto FS boards? (15:45) Where do they go wrong? (17:52) How can NEDs from different sectors get their heads around unfamiliar regulations? (20:06) Do start-up boards have a different relationship with regulation (versus larger firms)? (24:12) Where do they go wrong, engaging with the regulator? (26:44) What are your key value levers as a Remco member? (28:15) What would your dream incentive structure look like? (32:45) Should we include debt in compensation packages? (35:05) And ⚡The Lightning Round ⚡(41:18) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: [email protected] Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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44:44
97. Professor Renée Adams - 6 myths about female board members
Professor Renée Adams is a professor of finance at Saïd Business School, University of Oxford, and Fellow of the European Corporate Governance Institute. Tune in to hear her thoughts on: Do popular boardroom surveys provide an accurate picture of women’s underrepresentation? (0:56) Would the financial crash have happened if Lehman Brothers had been Lehman Sisters? (3:38) Are crises inevitable? (5:02) Are there any differences between female and male directors? (6:59) Why is our current way of thinking about the causes of female under-representation wrong? (10:19) Does adding women to your board improve shareholder value? (16:02) Are quotas effective for improving female director representation? (18:04) What are the latest boardroom myths that need debunking? (19:44) How would you build your dream board? (21:39) ⚡The Lightning Round ⚡(22:26) Audience Q&A (23:54) Host: Oliver CummingsProducer: Will Felton Music: Kate Mac Audio: Nick Kold Email: [email protected] Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
Enter the Boardroom lifts the veil on the secretive world of boards, giving you the information you need to get more board roles and become better board members. Join Nurole CEO Oliver Cummings as he sits down with the extraordinary people shaping today's and tomorrow's boardrooms.