A Board Director, also referred to as a Non-Executive Director is an elected position in the company. They are the voice of the shareholders, and they make sure that the company is run responsibly while maximising shareholder value. They are also responsible for setting the strategic objectives of the company and making sure that they are achieved by management.
Most of the time, they are required to make decisions that are both strategic and financial like capital budgets, operating budgets and compensation decisions. This role requires a lot of time away from board meetings. This includes fundraising, attending public events, and assessing whether the organization is true to its mission.
Board Directors are required to fulfill https://boardshould.com/who-needs-a-seat-on-your-strategic-planning-team/ an obligation of fiduciary to the company. This means they must to put aside their personal interests to serve the company. This is a crucial obligation that must be viewed with seriousness by all candidates.
There are many ways to become a Board Director. Many people are placed in this position either by accident or simply because they were requested. If you’re interested in becoming a Board Director, it’s a great idea to be actively seeking out the opportunity. You can begin by identifying organizations that appeal to you and contacting someone on the board.
When you compose your resume, you should highlight your leadership experience and strategy. Highlight organizations where you were closely involved with the board or took significant high-risk decisions in a collaborative manner. In addition, if possess any education qualifications that are relevant (such as a Masters of Business Administration) include them in your profile.