A board member is a top-level job that involves serving as a fiduciary on behalf of an organization. The primary roles of a board include governance, oversight and accountability, in addition to developing a clear strategy. Board service is also a unique opportunity to contribute to the mission of your organization. to your community and can have a significant impact on the lives of individuals and organizations.
In a publicly held company, the board represents the owners (shareholders or stockholders) and sets policy that determines issues such as whether or not to pay dividends, the size he said of the dividend, stock options granted, and hiring/firing/compensation of upper management. In reality, however, it is the upper management, not the board that is the one with the most authority. Directors generally follow management’s recommendations and then vote on them.
When you are selecting the people to join your board, it is crucial that you choose individuals with the appropriate qualifications, as well as skills and experience that are required for the job. Competence is the ability to tackle complicated problems and make sound decisions. Character is a reflection of your organization’s values and how you choose your members reflect those values will show what your company’s values are.
A great way to locate the right candidate is through your network. Reach out to a reliable member of your local community or networking group and ask if they know someone on the executive director’s board or the board. Introduce yourself and explain why you’re interested in joining the board and what your of record is in attending and being prepared for meetings.