Pros of Board Members
Being invited to join a Board of Directors is significant for a lot of people. It can increase your credibility increase your reach and ultimately lead to more opportunities in your career or business.
But, if you’re not sure if serving on an organization is worth the effort of meetings, settling feuds and reading financial reports, think about the fact that money is rarely a primary motivation for board members. There are a wide range of professional skills that you can develop as a result your board experience and these could be extremely useful to your career development.
If you’re on a board of a start-up in its infancy you could take on a role in the running of the company that you would not be able of in your current position. The same is true for boards that are situated in areas like insurance/managed healthcare, medicine, law, finance/banking, marketing, real https://boardroompros.com/training-new-board-members-5-important-tips estate, or public policy, for instance.
In addition to the educational opportunities Board membership can also provide the chance to work closely with leaders and executives from completely different industries. Working together to solve complicated problems can result in strong bonds with your personal friends.
Of course there are many other factors which influence the decision to join the board such as compensation and benefits that can range from access to the company jet to access to company-owned products to test. It is important to be fully informed about the expectations of the company including time commitments in clear communication, as well as your capacity to contribute.