A Board Director, also referred to as a Non-Executive Director, is an elected position within the company. They are the voice of the shareholders and work to ensure that the company is managed in a responsible way while maximising the value of shareholders. They also define the strategic goals for the organization and ensure that they are met by management.
They are often required to make decisions that aren’t just strategic however, they also have to make financial nature, like capital budgets, operating budgets and compensation decisions. This position requires a large portion of their time away from board meetings. This includes attending public events and assessing whether the organization is staying true to its mission.
Board Directors are required to perform a fiduciary duty to the company and must put aside their personal interests in order to serve the company best. This is a crucial obligation that must be taken seriously by all candidates.
There are a few ways to become a Board Director and many people find themselves in this position on the spur of the moment or through being requested. Nevertheless, if you are interested in becoming a Board Director, it’s a great idea to actively pursue the possibility. Start by identifying organizations you are interested in and then contacting a member of the board.
When you compose your resume, make sure you highlight your leadership experience and strategy. In particular, highlight organizations in which you worked closely with the board or made important collaboration decisions that were high-risk. In addition, if possess any https://boardshould.com/6-tips-to-make-young-directors-effective/ education qualifications that are relevant (such as a Masters of Business Administration) include them in your profile.