A Board Director, also referred to as a Non-Executive Director, is an elected position within a company. They serve as a voice for shareholders and work to ensure that the company’s operations are conducted in a responsible way and that they maximize shareholder value. They are also responsible to determine the strategic goals of the company and ensure they are achieved by the management.
In most cases, they will be asked to take decisions that are both strategic and financial like operating budgets, capital budgets and compensation decisions. This position requires a significant amount of time away from board meetings. This includes fundraising, attending public occasions and evaluating whether the organization is staying true to its mission.
Board Directors have a fiduciary responsibility to the company. This means they must to put aside their personal interests to serve the organization. This is an extremely important obligation and should be considered by all candidates.
There are a variety of ways to become a Board Director. A lot of people get in this position either by accidental or because they were given the opportunity. However, if you’re interested in becoming a Board Director, it’s a great idea to take the initiative special info to pursue the opportunity. Start by identifying organizations that appeal to you and then contacting a member of the board.
When you write your resume, you should highlight your leadership and strategic experience. Concentrate on companies that you worked closely with the board or made important high-stakes collaborative decisions. Also, if have any qualifications in your education that are relevant (such as a Masters of Business Administration) include them in your profile.