When it comes to addressing mental and psychological of board members, several issues come into consideration. Executive board members struggle with challenges of keeping the company at the forefront while meeting the demands of the stakeholders. They cover corporate governance, strategy formulation and accountability for the company. In this nature of work, the board members are required to make decisions with an overwhelm of information and complexity of tasks.
Director coaching can offer you the mindset you need to become a top board member. The pressure of being a board member and provide excellent leadership to the company is mentally draining on its own. While the high levels of stress that board members experience can make them even more susceptible, there is also more pressure on them to hide those challenges. This tends to have a negative impact on the overall company performance. Let’s have a look at the seven most common psychological and mental challenges that these board members must overcome.
Why do You Need Director Coaching?
1. Balancing Competing Interests
Board members take the long view in the organization, providing counsel and making decisions on current. Since they are required to meet their duties of care, obedience, and loyalty, it can be difficult to balance the competing interests of different stakeholders. This kind of pressure can lead to stress, anxiety and depression, affecting both professional and personal responsibilities. A board member should learn how to focus on specific issues at a time, and minimize their mental load. In the life of a board member, some pressure and hard work are inevitable. Some people believe that if you work under pressure, it will help bring out the best in you. However, you work at your best when you show your skills, knowledge, and stamina over a certain period.
A high-level stakeholder leadership position requires you to set a good example for peers, employees, and colleagues. As such, many of leaders are ashamed to admit they are stressed out and depressed. It is advisable to build a support system, confide in a close friend, and pursue other ways that can help alleviate such mental issue.
2. Burnout and Emotional Meetings
While work is important, maintaining a balanced life is also essential. As an executive leader living and working in a fast-paced environment, part of your daily routine is attending multiple meetings. Some of these meetings tend to get emotional and can be draining, leading to negative feelings. When these negative feelings carry over, you are likely to suffer burnout. You mental well-being is likely to be affected because your adrenaline system is built with little capacity to overcome such continuous attacks.
Exercise, practice healthy habits like eating healthy food, developing friendships can help. Putting aside time for self-care is essential in putting you in good spirits. Afterall, you will do more at work if you are focused and can keep up with the increasing demands of the leadership position. Maximize on every second to work may seem selfless, but may easily lose your perspective. Remember, leaders are more effective and efficient when they uphold work-life balance values.
3. Imposter Syndrome
Imposter syndrome is caused by expectations and cyclical societal norms. Board members often experience imposter syndrome. Negative rumors are likely to circulate about you, and you have to continuously deal with what others think. This can severely affect their psychological wellbeing and their interactions with other people. To overcome this challenge, you need to accept the role you play in the success of your organization and focus on providing value.
Individuals struggling with imposter syndrome tend to over-work projects and even over prepare for presentations. It may seem like they know what they are doing, but this only leads to burnout and ultimately counterproductivity. Although imposter syndrome is not an official psychological diagnosis, psychology experts acknowledge that it can manifest signs and symptoms of anxiety and depression.
4. Meeting the High Demands of Stakeholders
Members of the board of directors tend to put their leadership skills on a pedestal. On a more general note, board members are expected to possess the highest professional and personal ethics, values, and integrity. The society has made people believe that a good board member should be able to represent the long-term interest of the stakeholders. In fact, many shareholders have sued board members for raking advantage of the company. With this understanding, board members are in constant pressure to show that they have what it takes to hold the position.
There is a massive risk for leaders in executive positions who are open about their psychological and mental health. Admitting from time to time that you struggle to manage every decision may question your ability to handle your responsibilities. However, you are doing your followers a disservice if you do not show your vulnerabilities. You must be transparent about your weaknesses and issues to allow followers facing the same issues feel less alone.
5. Workplace Environment and Culture
Mental and psychological health is a crucial conversation in a workplace environment, especially from leaders. Psychological and mental challenges are viewed as something to feel ashamed of or as a weakness. When board members and senior leaders believe that mental and psychological health is a key part of the overall well-being, they are in a better position reinforce their management policies and practices. This allows such issues to get the attention they deserve.
Any workplace culture that trains its leaders to recognize mental challenges and respond accordingly shows that it values everyone in the organization. Undermining mutual support fosters intense competition and punishes vulnerability, including criticizing employees having difficulties in performing their duties. This could in turn hinder the development of a workplace culture that supports mental and psychological health needs.
6. Hiding Behind Success
Board members and other corporate leaders measure their stability and self-worth by their professional success. Personal shortcomings and conflicts tend to be ignored, especially when you are getting things done at work. Everyone assumes that you are doing good because the company is thriving. Staying afloat at work when you are struggling with you mental and psychological health will not work in the long term. While you may opt for temporary solutions such as self-medication, it does not solve the underlying problem you are trying to satiate.
The longer you keep yourself from getting the help you need to fully overcome your psychological and mental challenges, the more you fall into behavioral and emotional danger. Eventually, your work ethic, professional success, and intelligence will not protect you. It could be the start of your downfall.
7. Handling Performance Issues
It is inevitable for board members to not meet the demanding performance threshold of their positions. Every board member brings different talents, strengths, and abilities to the board. They believe that they have what it takes to provide answers to questions in relation to the mission and vision of the organization. This comes with an understanding that they are required to appropriately fulfill the roles, which may make them feel the pressure to participate productively. They believe that if fail to do so, they may lose their position, especially when serving on a high performing board.
While everyone fears failing, board members view it as a significant psychological and mental threat. Failing can trigger feelings like anger, frustration, regret, and disappointment. Essentially, fear of failure is a fear of shame, which can get to the core of your identity, self-esteem, ego, and emotional well-being. Therefore, it is important to take all the measures necessary to overcome the fear of failure and other psychological issues related to the position of a board member.
Our London Based
Board Level Coaching Programme
Our director coaching offers senior leaders both a wide look at the industry they wish to prosper in while offering you an expansive viewpoint into yourself. Who you want to be as a leader, what you could be, and any difficulties you may face along the way.
Guidance for management isn’t always readily available. And the last thing you need is to to succumb to one of the many pressures on the board. Our team has worked in the business for years, rising through the ranks, gaining a good grasp of the qualities a corporate leader needs not only to survive but to make their business stand out among the masses. Sometimes people don’t always know what they want from a business. A leader is the beating heart of any company. We will uncover the best ways for you to make your mark on the world.
Our master hypnotist and certified business coach Ronal Shah can take an introspective glimpse into your mindset, rooting out any feeling of anxiety and unease that could end up holding you back at a later point. Ronal can then use his techniques to build stronger mental barriers and effective coping mechanisms so that should you find yourself in a precarious situation, you will have the means to overcome it and find a solution.
So many business leaders have made mistakes over the years, some causing a minor inconvenience, others bringing about the ruin of a company. But through a combination of our empathic practices, an extensive study of your wants and needs, we can use them to help you construct a vision that will not fall prey to these mistakes and see that vision come to life with an added clarity and stability that is difficult to find.
Contact us now for your FREE consultation and to find out more about our unique approach and how it can benefit you