Are you struggling to bridge the gap between an executive role and securing your first Non-Executive Director position?

In this episode, host Ralph Grayson welcomes Susanne Chishti, Founder and Chair of FINTECH Circle and a seasoned board member on both private and FTSE 250 boards, to explore how high-calibre professionals can leverage their expertise for the benefit of early-stage companies. Susanne details the contrasting, yet complementary, demands of board service, from the hands-on, problem-solving required by a start-up founder to the governance-focused oversight of a public company.

The discussion provides vital counsel for aspiring NEDs, highlighting the crucial skills founders need, such as B2B sales, enterprise technology, and investment network access. They also delve into the strategic and ethical challenges posed by Artificial Intelligence, particularly its ESG impact. For example, a recent report from Deloitte shows that the power demand from AI data centres in the US could grow more than thirtyfold by 2035, underscoring the board's immediate responsibility to understand and manage technology's footprint.

Susanne also stresses the non-technical skills required in the boardroom: emotional intelligence, a lack of ego, and a commitment to being a supportive team player. This episode is essential for anyone looking to make an effective, value-driven transition into a board career.

• (00:00) - Introduction to The Boardroom Path
• (01:38) - Introducing Suzanne Chishti
• (04:49) - Founding and Vision of FinTech Circle
• (06:17) - Investment Process at FinTech Circle
• (08:18) - Traits of Successful Founders
• (10:13) - Role and Impact of Board Advisors
• (21:25) - AI's Influence on FinTech and Boardrooms
• (40:31) - Final Tips for Aspiring Board Members

Susanne Chishti: Founder and Chair of FINTECH Circle, Europe's number one investor network for FinTech investment and innovation. She is an award-winning entrepreneur, investor, and FTSE board member, serving as a Non-Executive Director at Crown Agents Bank and CMC Markets PLC. Recognised among the Top 100 Women in FinTech Globally for 2024, Susanne chairs the ESG Sub-Committee at Crown Agents Bank and is the co-editor of the bestselling FINTECH Book Series. She brings deep expertise in technology, scaling businesses, and investment to the boardroom.

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 fundamental difference in responsibility and required skills between private scale-up boards and public company boards.
• How aspiring NEDs can gain essential ‘scar tissue’ experience by working with incubators or accelerators.
• The three non-negotiable areas of expertise (sales, technology, and fundraising) that FinTech founders urgently need from board advisors.
• The importance of 'emotional intelligence' and a 'growth mindset' for successful collaboration between founders and board members.
• Why a board's AI strategy must include an assessment of its ethical and environmental (ESG) consequences.

Action Points:

1. Evaluate Your Value-Add: Start by identifying your deep domain expertise—B2B sales, CTO-level tech skills, or investor network access—as these are the most valuable to early-stage founders. Frame your board path around how you will open doors for customers, investors, or help scale their technology platform.
2. Cultivate Pattern Recognition: Seek out opportunities to work with early-stage companies, perhaps through an accelerator, to witness common startup challenges (e.g., cashflow crises, co-founder disputes) and how experienced advisors navigate them. This exposure builds the crucial 'pattern recognition' that helps you offer proactive, timely advice in the future.
3. Master Boardroom Behaviour: Recognise that the boardroom requires a shift from overt executive leadership to influence, collective decision-making, and emotional intelligence. Focus on asking the right, sometimes basic, questions and communicating complex topics (like quantum computing or AI) in a simple, non-threatening way.
4. Develop an AI/ESG Mindset: Make it mandatory to learn, play around with, and understand AI, as investors are now demanding a clear AI strategy from companies. Critically, ensure you understand the environmental cost of AI (e.g., data centre power demand) to challenge leadership teams on their ethical and ESG accountability.
5. Prepare for the Chief Everything Officer (CEO) Role: If you are a founder, be honest about your ceiling of capability and enjoyment across the growth stages (0-1M ARR vs. 1-10M ARR). Be self-aware enough to bring in an external CEO to scale the business when required, transitioning yourself to a board member role to maximise shareholder wealth.

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