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During this episode, You Me and Your Top Three host, Gregg Garrett, speaks with Roy Verstraete, a founding member of the Private Directors Association; a group helping to build advisory boards for private companies and owners. \\xa0Roy discusses the importance of an independent advisory network and the critical role of mentors and advisors in today\\u2019s day and age. Specifically, Roy talks about his career leading manufacturing and product companies in Europe, North America, and South America. Additionally, he speaks about what it was like to work with iconic brands like Velcro and the excitement of working with founders and owners in these spaces. Finally, Roy shares his \\u201cTop Three\\u201d and talks about how when he was growing up in management, having mentors was actually a sign of weakness and how he turned to virtual mentors to help guide his career.

Roy is a corporate director, advisor, senior executive and internationalist with 30+ years of leadership experience. He is currently a Director for 4 Private manufacturing companies in the US, Canada, the UK and Germany. Roy has served on Boards of Directors and Advisory Boards for public, private and start-up companies as well as not-for-profit organizations. Also he is Past Chair of the Automotive Parts Manufacturers Association and the Private Directors Association.

Roy holds a degree in Chemical Engineering from McMaster University and earned an MBA from the Schulich School of Business. In addition, Roy completed \\u201cMaking Corporate Boards More Effective\\u201d- a Certificate program, from the Harvard Business School.

Segment 1: Overview

1:00\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What is the role of a board in a successful career; both personally and professionally?

4:33\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Roy Verstraete: A global citizen in manufacturing whose career also became his hobby.

Segment 2: Evolution of Mentorships & the \\u201cTop Three\\u201d

6:00\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What made Roy, Roy? Learning to evolve from management to leadership in various cultures.(Velcro Corporation.)

9:33\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Roy\\u2019s \\u201cTop Three\\u201d: A hunger for information & learning fed through attending conferences with key thinkers and leaders - Peter Drucker, Management Theory.

10:50\\xa0\\xa0\\xa0\\xa0\\xa0 Roy\\u2019s \\u201cTop Three\\u201d: Evolution from management to leadership \\u2013 Jim Collins (Good to Great), Clayton Christensen (The Innovator\\u2019s Dilemma), Michael Porter

12:55\\xa0\\xa0\\xa0\\xa0\\xa0 \\u201cThose were foundational pieces that came together to make something.\\u201d

13:30\\xa0\\xa0\\xa0\\xa0\\xa0 The importance of being vulnerable.

14:44\\xa0\\xa0\\xa0\\xa0\\xa0 Attending conferences: what\\u2019s the relationship makeup?

Segment 3: Becoming an Advisor, Mentor & Board Member

16:40\\xa0\\xa0\\xa0\\xa0\\xa0 The journey of becoming an advisor, mentor and board member.

18:42\\xa0\\xa0\\xa0\\xa0\\xa0 The Private Directors Association: Filling the whitespace of private companies.

22:54\\xa0\\xa0\\xa0\\xa0\\xa0 The four pillars of PDA \\u2013 private owners, private equity owners, ESOPs, and startups.

25:00\\xa0\\xa0\\xa0\\xa0\\xa0 The evolution of the board in startups.

26:35\\xa0\\xa0\\xa0\\xa0\\xa0 75% of the clients that\\xa0 he had would not have lost their business if they would have had an external advisor of two. - Bruce Goldstein.

27:44\\xa0\\xa0\\xa0\\xa0\\xa0 Hints to management and board members.

Segment 4: Industries & Disruption

34:38\\xa0\\xa0\\xa0\\xa0\\xa0 The greatest impact on industries: The geopolitical state and cyber security.\\xa0

37:20\\xa0\\xa0\\xa0\\xa0\\xa0 Current trends: consolidation and divestitures.

39:43\\xa0\\xa0\\xa0\\xa0\\xa0 Evolutionary changes in manufacturing.

42:23\\xa0\\xa0\\xa0\\xa0\\xa0 \\u201cAll of our training, all of our education, was how to grow, how to push....nowhere was the training of how to handle a true, serious, heavy recession.\\u201d

43:43\\xa0\\xa0\\xa0\\xa0\\xa0 What to do now to prepare for a recession? \\u201cPreemptively look at what you don\\u2019t need.\\u201d

Segment 5: Wrapping Up

48:33\\xa0\\xa0\\xa0\\xa0\\xa0 Best piece of advice he has received: \\u201cBeing curious and remaining curious leads to continuous learning....but decide what direction you want to go and share that\\u201d

50:45\\xa0\\xa0\\xa0\\xa0\\xa0 How to get started? \\u201cRather than the morning, tonight write down what you want to do tomorrow. And tomorrow you start on it.\\u201d

52:11\\xa0\\xa0\\xa0\\xa0\\xa0 The Private Directors Association \\u2013 80 Detroit members. 4 major chapters. And growing.

55:11\\xa0\\xa0\\xa0\\xa0\\xa0 For owners: the only environment where owners can come to a meeting and \\u2018window shop\\u2019.

56:46\\xa0\\xa0\\xa0\\xa0\\xa0 Contact Roy via LinkedIn or Email (Roy@RoyVerstraete.com!

Contact Roy Verstraete:

• Roy\\u2019s LinkedIn