GCs in the Boardroom: Lisa Harrington, Board Director, Consultant, and CLO
In this episode
Transcript
Introduction: 1:28
- Introducing Lisa Harrington, Board Director at Slam Corp and Iron Horse Acquisitions, consultant, and CLO.
- Discussing holiday travel recommendations.
Comparing and contrasting GC roles at public and private companies: 4:24
- Valuing your experience as corporate secretary and working at VC-backed start-ups.
- Developing skills by spending time in the boardroom and working as an executive.
- Studying your colleagues’ work habits to see which traits you want to model.
Finding opportunities on to take on board directorships or take on board seats: 8:48
- Taking on board roles to expand your skill set and meet lots of cool people.
- Building your network at non-profit committees as you make your way up to public boards.
Setting yourself up to get recruited for board membership: 15:01
- Pulling together a board bio, elevator pitch, and other value propositions.
- Growing your legal toolbox to provide companies with the skill set they are looking for.
Describing the ongoing obligations of a board member or director: 21:39
- Taking on a manageable amount of responsibilities and attending both virtual and in-person meetings.
- Knowing when and how to ask questions.
Factors to consider for GCs looking to join a board: 25:08
- Considering what skills you have to offer and what skills you want to learn.
- Jumping in and helping regardless of the situation.
Non-legal-related advice for drafting your board agreement: 28:17
- Knowing when your agreement puts you at personal risk.
- Understanding the value of great D&O coverage.
- Being transparent about what you will and will not do.
Making strong connections with operators: 31:53
- Getting to know key decision makers so you can offer the best advice.
- Making sure everyone sees you as a board member and not a lawyer.
- Safeguarding your time and avoiding overextending yourself.
Going through the IPO process with Iron Horse: 37:49
- Advising through the pandemic from a board standpoint.
Participating on a board during an acquisition at Slam Corp: 41:37
- Furthering your skill set as a lawyer, a human, and a director.
- Enduring a difficult process to confirm that you’re where you want to be in your career.
Leaving a board role with grace: 44:45
- Deciding whether or not to renew your board seat at the end of your term.
- Being honest about whether you are able to commit time and energy to your role.
Advice to younger self: 47:10
- Developing business skills and earning an MBA early in your career.