A Board Director, also known as a Non-Executive Director, is a position that is elected in the company. They represent the shareholders, and they work to ensure the company is managed in a manner that is responsible while maximizing shareholder value. They are also responsible in defining the strategic goals of the organization and ensuring that they are being met by the management.
They are often asked to make decisions that are not just strategic however, they also have to make financial the sense of capital appropriations, operating budgets and compensation decisions. This job will require a lot of time outside of board meetings. This involves fundraising, attending public events and assessing whether the organization is true to its purpose.
Board Directors must fulfill an obligation of fiduciary to the company. This means they are required to put aside personal interests to serve the company. This is an important duty that every candidate must consider seriously.
There are several ways to become a Board Director and many people are placed in this position by chance or through being asked. If you’re interested in becoming a Board Director, it’s a great idea to be actively seeking out the possibility. Start by identifying organizations that interest and then contacting a member of the board.
When writing your resume, highlight your leadership and strategy experiences. Focus on organizations where you were closely involved with the board or made significant high-risk collaborative www.boardshould.com/6-tips-to-make-young-directors-effective/ decisions. In addition, if you have any educational qualifications that are relevant (such as a Masters of Business Administration) include them in your profile.