A non-executive director, or board director, is a post that is elected in a company. They are the voice of shareholders and are responsible for ensuring that www.boardshould.com/who-needs-a-seat-on-your-strategic-planning-team/ the business is run in a responsible way while maximizing shareholder value. They also have to establish the strategic goals of the company and ensure they are achieved by the management.
They are often required to make decisions that aren’t just strategic however, they also have to make financial nature, like capital allocations, operating budgets as well as compensation decisions. This position requires a lot of time outside of board meetings. This involves fundraising, attending public events, and evaluating whether the organization is staying true to its purpose.
Board Directors are required to perform their fiduciary obligation to the company and are required to put aside their personal interests in order to best serve the organization. This is an important duty that every candidate should be aware of.
There are several ways to become a Board Director and a lot of people get in this position on the spur of the moment or by being asked. If you’re interested in becoming an executive director on a board it’s a great idea to actively pursue this possibility. You can begin by identifying organizations that interest and contacting someone on the board.
When creating your resume, make sure you highlight your leadership and strategic experience. Especially focus on the organizations that you have worked closely with the board or have made significant collaborative high-stakes decisions. In addition, if you have any qualifications in your education that are relevant (such as a Masters of Business Administration), include them in your profile.