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The Boardroom Path

Sainty Hird & Partners
The Boardroom Path
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  • How Great NEDs Think: Lessons in Leadership, Brand and Governance with Robert Senior
    What does it really take to thrive in the boardroom rather than simply occupy a seat at the table? In this episode of The Boardroom Path, host Ralph Grayson speaks with Rob Senior, former worldwide CEO of Saatchi & Saatchi and now a plural non-executive, investor and advisor. Drawing on a career that spans founding and selling Fallon, leading global creative campaigns, and serving on PLC, private, scale-up and academic boards, Rob offers a candid look at how executives should rethink their move into NED roles.He unpacks the nuanced relationship between boards and CEOs, why the Chair–CEO axis is critical, and how to think clearly about stakeholder trade-offs and personal risk. Rob also explores board composition, fit and personal brand, arguing that “hope is not a strategy” when choosing roles or filling seats. As boards grapple with disruption and new responsibilities, directors are under pressure to raise their game: recent research shows that nearly all boards are experimenting with AI, yet only around one in five has formal AI ethics or risk policies in place. This timely conversation challenges aspiring NEDs to be intellectually honest about their value, motivations and impact.(00:00) - Welcome to The Boardroom Path (01:27) - Robert Senior's Career Journey (04:32) - Insights on Board Dynamics (10:33) - CEO and Board Relationships (14:04) - The Role of a NED (23:48) - Branding and Board Decisions (36:58) - Challenges and Opportunities in Modern Boards Rob Senior: Rob Senior is a non-executive director, investor and advisor known for his leadership in advertising, branding and venture capital. Formerly worldwide CEO of Saatchi & Saatchi, he began his career at TBWA before co-founding Fallon London, helping to create some of the world’s most awarded campaigns for brands including Cadbury, Sony, T-Mobile, Toyota and Visa. Rob later led Saatchi & Saatchi’s London, European and global businesses, championing a “nothing is impossible” culture that combined creative excellence with commercial impact. Since stepping away from full-time executive roles, he has built a plural portfolio spanning PLC, private, scale-up and academic boards. As a partner at Red Rice Ventures, he now backs founder-led consumer and digital businesses, supporting entrepreneurs on brand, growth strategy and leadership. His experience of setting up, buying, selling and closing companies, coupled with his focus on authentic personal branding and board dynamics, underpins a distinctive perspective on where NEDs can genuinely add value.Ralph Grayson: Ralph Grayson is a Partner in the Board Practice at Sainty Hird & Partners, bringing extensive experience in board-level recruitment, assessment, and advisory services. With a deep understanding of the corporate governance landscape, Ralph specialises in guiding senior executives as they transition into impactful boardroom careers. His thoughtful approach, combined with a passion for developing effective leaders, enables him to facilitate insightful conversations that equip aspiring and newly appointed Non-Executive Directors with the tools they need to succeed. Through The Boardroom Path, Ralph leverages his extensive professional network and expertise to empower listeners on their journey into the boardroom.Episode Insights:Why aspiring NEDs must start with intellectual honesty about their “superpower”, ideal board environments and where they are least effective.How the best board members balance accountability without operational responsibility, using “gentle persuasion” and relationships rather than blunt direction.Why fit between individual, board culture and mission often matters more than prestige, sector or headline remuneration.How branding and clarity of purpose help boards distinguish between strategic and purely tactical revenue, shaping better long-term decisions.The behaviours that differentiate high-impact directors – persistent, well-informed questioning and thoughtful preparation – from those who simply “go through the motions”.Action Points:Clarify your boardroom value proposition: Define your core strengths, the contexts where you perform at your best, and situations where you tend to add little value. Turn this into a simple personal “board brief” you can test against any new opportunity, so you only pursue roles where you can be genuinely additive rather than merely decorative.Do rigorous due diligence on every board role: Before accepting a seat, look beyond the brand name and ask hard questions about the organisation’s purpose, strategy, culture and current challenges. Speak to multiple stakeholders, review recent board decisions and consider how you would feel being publicly associated with those choices in five years’ time.Invest in the Chair–NED–CEO relationship: Treat the Chair–CEO axis and broader board dynamics as core to your effectiveness, not background context. Schedule time outside formal meetings to build trust, understand perspectives and align on the organisation’s “North Star”, so difficult conversations can happen quickly and without unnecessary collateral damage.Be deliberate about risk, not reactive: Map out where you personally sit on the risk spectrum and how that aligns with the board’s appetite and the company’s stage of growth. In discussions on strategy, capital allocation or brand decisions, explicitly separate short-term pain from long-term gain, and be clear when you are taking tactical revenue versus building strategic value.Commit to continuous learning as a director: Use each board as a learning environment rather than a static credential. After meetings, reflect on where your questions changed the discussion, where they fell flat, and what information you lacked. Build habits of independent research between meetings so you can return with data and perspectives that materially shift decisions.The Boardroom Path is the essential podcast for aspiring and newly appointed Non-Executive Directors (NEDs) navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career. Subscribe now, and take your first confident step along The Boardroom Path.Learn more about Sainty Hird & Partners at saintyhird.com.The Boardroom Path is produced by Story Ninety-Four in Oxford, UK. 
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  • The Secret Diary of the Boardroom: What Every NED Needs to Know About Governance
    Is your board truly equipped for effective governance, or are you just checking a box? In this insightful episode, host Ralph Grayson speaks with Erika Eliasson-Norris, Founder & CEO of Beyond Governance and author of The Secret Diary of a Company Secretary, to lift the lid on the guarded realities of boardroom life.Erika, who also serves as the Governance Assessor to the Post Office Horizon IT Inquiry, argues that corporate failure rarely stems from a single event; instead, it's rooted in a culture that undermines governance structures. The conversation explores the pivotal role of the Company Secretary as the quiet conscience of the company, moving beyond a simple legal function to become an editor of focus for the board. They also discuss emerging challenges, like AI in the boardroom, and the need for boards to bridge the 'Agility Gap'—the tendency to be structured for caution over adaptability. (00:00) - Welcome to The Boardroom Path (01:53) - The Secret Diary of a Company Secretary (05:50) - Beyond Governance and CoSec on Demand (10:38) - Evolution of Corporate Governance (12:19) - Challenges in Governance (20:04) - Board Meetings: Best Practices (27:18) - Leadership Lessons and Resilience (33:00) - AI in the Boardroom (38:35) - Career Advice and Final Thoughts Erika Eliasson-Norris: Founder and CEO of Beyond Governance, a consultancy that helps organisations use governance as a strategic advantage. She is the youngest-ever governance executive appointed to a FTSE 250 company, a recognised 'Governance Professional of the Year', and serves as the sole Governance Assessor for the Post Office Horizon IT Public Inquiry. She is also the author of The Secret Diary of a Company Secretary.Ralph Grayson: Ralph Grayson is a Partner in the Board Practice at Sainty Hird & Partners, bringing extensive experience in board-level recruitment, assessment, and advisory services. With a deep understanding of the corporate governance landscape, Ralph specialises in guiding senior executives as they transition into impactful boardroom careers. His thoughtful approach, combined with a passion for developing effective leaders, enables him to facilitate insightful conversations that equip aspiring and newly appointed Non-Executive Directors with the tools they need to succeed. Through The Boardroom Path, Ralph leverages his extensive professional network and expertise to empower listeners on their journey into the boardroom.Episode Insights:Governance has evolved from a box-ticking exercise to encompass culture, behaviours, ESG integration, and a focus on cognitive diversity.The root cause of any corporate scandal or collapse can typically be traced back to the organisation's corporate governance.A Company Secretary's value is in being an "editor of focus," ensuring papers link data to strategy and risk, rather than simply being a scribe of the meeting.The danger of the 'Agility Gap': many boards are structured for caution, but what they truly need is the adaptability to make timely, informed decisions.AI presents an opportunity for faster data analysis, but boards must mitigate the risks of embedded bias and over-reliance that could undermine independent human judgment.Action Points:Reframe the Company Secretary Role: Stop viewing the Company Secretary solely as a legal or compliance function. Recognise them as an essential strategic advisor with a broad, objective view across the entire organisation, positioned to ask the hard questions and hold the 'red lines'. Engage with them proactively for advice on board dynamics and reporting focus, not just process.Audit Your Board Pack for Focus: Assess your board meeting papers to ensure they focus on impact and link data directly to strategy and risk, not just operational detail. Work with your governance professional to cut noise and consolidate information so directors focus on key decisions, risk, and opportunities lost.Challenge Groupthink and Complacency: Actively foster a board culture where individuals feel comfortable speaking "truth to power" and raising problems without fear. Understand that corporate failure is often the result of small, unchecked oversights and poor decisions left unchallenged, which demands vigilance and cognitive diversity.Address the 'Agility Gap': Review your governance frameworks to ensure they support timely, informed decision-making, rather than creating unnecessary bureaucracy structured only for caution. Erika suggests scenario planning to work out what to do before things go wrong, allowing for faster, more confident action when they do.Understand the AI Risk Balance: Recognise AI's potential for efficiency and faster insights, but define a clear set of principles around its use to ensure transparency and accountability. Guard against over-reliance, which can lead to a decline in independent judgment and introduce embedded bias into key decisions.The Boardroom Path is the essential podcast for aspiring and newly appointed Non-Executive Directors (NEDs) navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career. Subscribe now, and take your first confident step along The Boardroom Path.Learn more about Sainty Hird & Partners at saintyhird.com.The Boardroom Path is produced by Story Ninety-Four in Oxford, UK. 
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  • Charles Hall on the Public vs. Private Market: An Analyst's Guide for Boards and Founders
    Is the UK public market truly a dinosaur, or is it on the cusp of a major renewal? In this essential episode for aspiring and newly appointed Non-Executive Directors, host Ralph Grayson is joined by Charles Hall, Head of Research at Peel Hunt. Charles, a leading voice in the market reform debate, delivers a candid and incisive analysis of the forces shaping UK capital markets, critiquing the "erosion of public listings" and the over-reliance on private capital. He argues passionately that public markets are a "public good" that pay more tax and offer "permanent capital". They dissect structural challenges like the growth of passive investment and explore the crucial policy changes needed in pension fund allocation to keep successful, high-growth UK companies listing at home. Despite a recent "shift in sentiment" and strengthening IPO pipeline for 2026, Charles warns the UK cannot be complacent in the fight to retain its leading businesses, noting the "fundamental flaw" that sees the UK export over £1 billion every year in pension capital overseas. This is a must-listen for board members seeking strategic insights on investor engagement, valuations, and the UK’s global competitive position.(00:00) - Welcome to The Boardroom Path (02:55) - Charles Hall's Career Journey (05:06) - Engaging with Investors (08:42) - Peel Hunt's IPO and Corporate Services (11:19) - Global Macro Outlook and UK Strategy (14:03) - Challenges in UK Public Markets (18:14) - The Importance of UK Equity Markets (24:28) - Innovations and Future of UK Capital Markets (35:52) - The Role of Pension Funds and Scale-Up Capital (48:30) - Positivity in the UK Public Market Charles Hall: Head of Research and an experienced Consumer sector analyst at Peel Hunt, one of the UK's leading investment banks. He leads an operation covering over 400 UK small and mid-cap stocks and is a widely recognised advocate for the revitalisation of UK capital markets and pension reform. He was the top-ranked analyst in the UK Mid & Small cap market overall in the 2021 Institutional Investor (Extel) Survey for the fifth consecutive year.Ralph Grayson: Ralph Grayson is a Partner in the Board Practice at Sainty Hird & Partners, bringing extensive experience in board-level recruitment, assessment, and advisory services. With a deep understanding of the corporate governance landscape, Ralph specialises in guiding senior executives as they transition into impactful boardroom careers. His thoughtful approach, combined with a passion for developing effective leaders, enables him to facilitate insightful conversations that equip aspiring and newly appointed Non-Executive Directors with the tools they need to succeed. Through The Boardroom Path, Ralph leverages his extensive professional network and expertise to empower listeners on their journey into the boardroom.Episode Insights:Analysts possess a deep, privileged pool of knowledge on strategy, competitors, and disruptive technology that boards should tap into, going beyond mere share price maximisation.Public markets are fundamentally beneficial for the UK economy because listed companies pay more tax (corporation tax, dividends, stamp duty) and are held to a high degree of honesty and accountability.A major structural problem is the extensive export of domestic capital via DC pension schemes, which invest predominantly in global, often US-listed, equities, starving growing UK companies of scale-up capital.Listing in the US is "definitively not nirvana"; for most UK companies, they would be "minnows" and would not automatically gain a higher valuation or access to passive fund flows.Public listing provides "permanent capital" that never has to be refinanced or repaid, enabling companies to take a long-term view unmatched by the cyclical nature of private markets.Action Points:Re-evaluate Investor Engagement Strategy: Boards should view their analysts and investors as critical partners who provide robust challenge and market-wide strategic insights, not just capital sources. Schedule formal sessions to tap into analyst knowledge on sector trends and competitor strategy beyond quarterly results.Advocate for Domestic Capital: Engage with policymakers on the urgent need for pension reform that incentivises UK pension funds to allocate more capital domestically, as currently DC schemes allocate less than 5% to UK equities. Highlight why investing in UK growth companies is a "win-win-win" for pensioners, funds, and the UK economy.Scrutinise Private Takeover Offers: When faced with an offer, look beyond the immediate valuation to the underlying cause: poor capital flows and market sentiment. Understand that reversing capital outflows would quickly improve domestic valuations and reduce the perceived "bargain" available to overseas acquirers.Embrace Transparency for Trust: Recognise that the constant scrutiny and glare of publicity from analysts and journalists is a key strength of public markets, creating a "high degree of honesty". View this transparency as a vital governance strength that prevents systemic issues seen in less-scrutinised private entities, such as Thames Water.Foster Entrepreneurial Culture: Work to create a culture where entrepreneurs feel it is a "privilege to be listed in the UK". Actively encourage successful founders to reinvest their wealth domestically in the next generation of UK growth companies, fostering a 'go again' mindset.The Boardroom Path is the essential podcast for aspiring and newly appointed Non-Executive Directors (NEDs) navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career. Subscribe now, and take your first confident step along The Boardroom Path.Learn more about Sainty Hird & Partners at saintyhird.com.The Boardroom Path is produced by Story Ninety-Four in Oxford, UK. 
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  • The Scale-Up Capital Crisis: Alasdair Haynes on Why the IPO Process Must Change
    Is the UK truly "rubbish" at scaling up its most promising companies?Host Ralph Grayson welcomes financial markets trailblazer Alasdair Haynes, founder and now President of Aquis Exchange, for an honest discussion on building and scaling a disruptive business. Alasdair shares his 48-year journey, from City trading floors to successfully exiting Aquis to SIX Group, and provides a firsthand account of the founder-to-President transition. The conversation dissects the critical importance of board evolution and founder succession planning, emphasising that it must be for the "common good" of the company, not a mere "tick box exercise". They dive deep into the urgency of reforming the equity markets to make the IPO process more straightforward, cheaper, and faster for small, growth companies. This push for public market revival is especially relevant as global IPO proceeds surged 89% year-over-year in Q3 2025, demonstrating renewed investor confidence worldwide. Alasdair introduces his "three stages of company growth" model and passionately argues for a governance structure that is proportionate, allowing entrepreneurs to focus 90% of their time on building the business.(00:00) - Introduction to The Boardroom Path (02:51) - Alasdair's Early Career and Lessons Learned (06:15) - The Importance of Board Evolution (08:38) - Mentorship and Board Dynamics (11:12) - Founder Succession Planning (17:17) - The IPO Market and Growth Capital (26:08) - Public vs. Private Boards (38:26) - Final Thoughts Alasdair Haynes: Founder and President of Aquis Exchange (SIX Group). A visionary financial markets executive with nearly five decades of experience, Alasdair is celebrated for disrupting traditional exchange models, notably by pioneering a subscription-based pricing structure at Aquis. He previously served as CEO of Chi-X Europe and is an inaugural Chair of TheCityUK's Business Council, and sits on the UK FCA's Practitioners' Panel. His expertise lies in championing open, fair, and innovative capital markets and reforming the accessibility of scale-up capital for growth companies.Ralph Grayson: Ralph Grayson is a Partner in the Board Practice at Sainty Hird & Partners, bringing extensive experience in board-level recruitment, assessment, and advisory services. With a deep understanding of the corporate governance landscape, Ralph specialises in guiding senior executives as they transition into impactful boardroom careers. His thoughtful approach, combined with a passion for developing effective leaders, enables him to facilitate insightful conversations that equip aspiring and newly appointed Non-Executive Directors with the tools they need to succeed. Through The Boardroom Path, Ralph leverages his extensive professional network and expertise to empower listeners on their journey into the boardroom.Episode Insights:The essential differences between the board needed for a startup, an IPO, a scale-up, and an acquisition.Why founder-CEO succession is never a tick-box exercise and the two critical reasons a plan is always necessary.How to use psychometric analysis (EQ/IQ) and communication methods to build a stronger board-to-executive relationship.Alasdair Haynes’ 'three school' model for companies and how it applies to the proportionality of governance for different growth stages.The core challenges of the UK’s scale-up capital market and the need for radical change to make IPOs easier and cheaper.Action Points:Evaluate Your Board's Stage-Fit: Review your current board's composition against your company's immediate strategic phase (e.g., startup, scale-up, exit). If your board hasn't evolved with the business, plan a change to ensure you have directors with the necessary expertise, such as acquisition experience for an exit.Implement Proportionate Governance: Challenge the idea that one size fits all for governance. If you are a small company, ensure your governance structure is proportionate to your size and allows management to focus most of their time on the core business rather than excessive compliance reporting.Prioritise the CEO-Chair Relationship: As a founder or CEO, dedicate time to fostering a relationship of deep respect and support with your Chair. This relationship is critical to the company's success; if it breaks down, the company will face significant issues.The Boardroom Path is the essential podcast for aspiring and newly appointed Non-Executive Directors (NEDs) navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career. Subscribe now, and take your first confident step along The Boardroom Path.Learn more about Sainty Hird & Partners at saintyhird.com.The Boardroom Path is produced by Story Ninety-Four in Oxford, UK. 
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  • The Helicopter View: Mastering the Executive-to-NED Transition
    Do you struggle to articulate your value in the boardroom, or feel trapped in the 'executive doer' mindset? Host Ralph Grayson is joined by Fiona Hathorn, CEO of WB Directors (now part of Nurole) and an expert in Governance and Talent Management, to dissect the challenges and strategies for building a thriving Non-Executive Director (NED) career. Fiona shares her personal journey and the mission behind WB Directors, emphasising that you are "never too young, never too old, and never too male" to be on a board.The discussion provides tactical advice, from using the 'seven reasons' to be on a board to understanding the core NED functions of conformance and performance. Critically, Fiona highlights the current board landscape undergoing significant transformation, driven by technology and geopolitical risk. For instance, a recent NACD survey reports that 67% of boards are now actively seeking individuals with specific domain expertise, such as AI or data ethics, rather than just a generalist background. Learn how to elevate your pitch beyond your executive CV, master the art of constructive challenge, and build the right network to secure your seat at the table.(00:00) - Introduction to The Boardroom Path (03:10) - Fiona's Career Journey and Early Influences (05:25) - The Mission and Evolution of Women on Boards (08:03) - Services and Offerings of Women on Boards (13:03) - Joining Forces with Nurole (14:50) - The Importance of Board Experience (18:01) - The Role and Skills of an Effective NED (20:56) - Debunking Boardroom Myths (26:55) - The Current Board Landscape (29:47) - Stakeholder Influence and Transparency (32:34) - Adapting to Technological Changes (38:28) - The Role of AI in Board Decision-Making (43:55) - Building a Successful Board Career Fiona Hathorn: Fiona is the CEO of WB Directors (formerly Women on Boards UK), now part of Nurole, a purpose-led business dedicated to increasing diversity in executive and non-executive leadership. An expert in Governance, Regulation, and Talent Management, she brings over a decade of experience from senior roles in asset management, having run global equities and emerging markets desks. She is also an advisor to Peel Hunt, Chair of the Nominations Committee at Hanx, and serves on the Advisory Board for the Global Institute for Women's Leadership at King's College London.Ralph Grayson: Ralph Grayson is a Partner in the Board Practice at Sainty Hird & Partners, bringing extensive experience in board-level recruitment, assessment, and advisory services. With a deep understanding of the corporate governance landscape, Ralph specialises in guiding senior executives as they transition into impactful boardroom careers. His thoughtful approach, combined with a passion for developing effective leaders, enables him to facilitate insightful conversations that equip aspiring and newly appointed Non-Executive Directors with the tools they need to succeed. Through The Boardroom Path, Ralph leverages his extensive professional network and expertise to empower listeners on their journey into the boardroom.What You’ll Learn in This Episode:The seven essential reasons a non-executive directorship is crucial for career development, viewing it as a mini-MBA.The critical mindset shift from being an executive ‘doer’ to an effective board ‘overseer’ who can scrutinise, challenge, support, and advise.How to build a board value proposition that goes beyond your executive CV by focusing on 'the so what'—the business benefit and outcome of your experience.Current boardroom priorities, including navigating the complexities of AI, geopolitical risk, and the leadership skill required to manage a diverse team in a VUCA environment.Tactical networking strategies, including the importance of developing a clear, third-person pitch, to access the 95% of board roles that are not transparently advertised.Action Points:Define Your Board Value Add: Stop describing your past job titles. Instead, unpack your executive career to identify specific stories where you added value to strategy, risk, or M&A situations. This process helps you create an intentional, compelling narrative that demonstrates your board value beyond operational execution.Master the Helicopter View: The role of a non-executive director is to oversee and not to 'do'—the helicopter should not land. Practice viewing challenges from a strategic, high-level perspective. Focus your contributions on the four core non-executive functions: scrutinise, challenge, support, and advise.Develop a Networking Strategy: Understand that 95% of board roles are not advertised and do not use headhunters. Create a spreadsheet of all former colleagues and connections and develop a proactive strategy to reconnect with them. This consistent, deliberate process is key to building visibility.Focus on Deep Technical Skill and Breadth: While deep technical skill (your 'T') is the reason a board may hire you, your 'breadth and depth' allows you to contribute to problem-solving and ensures you know when to speak—and when not to. Know the difference and articulate both clearly in your pitch.Conduct Thorough Due Diligence: Never be grateful for or accept the first board role that comes along. Conduct extremely thorough due diligence, as joining the wrong board that later fails can seriously damage your reputation. Ensure the board’s culture and strategy align with your values and expertise.The Boardroom Path is the essential podcast for aspiring and newly appointed Non-Executive Directors (NEDs) navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career. Subscribe now, and take your first confident step along The Boardroom Path.Learn more about Sainty Hird & Partners at saintyhird.com.The Boardroom Path is produced by Story Ninety-Four in Oxford, UK. 
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About The Boardroom Path

Welcome to The Boardroom Path, the essential podcast for aspiring and newly appointed Non-Executive Directors navigating the journey from executive leadership to the boardroom. Hosted by Ralph Grayson, partner at Sainty Hird & Partners, each episode offers insightful conversations with industry leaders, seasoned board directors, and governance experts. Our guests share practical strategies, valuable perspectives, and actionable advice on how to effectively transition into board roles, maximise your impact, and build a rewarding NED career.
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