Become an effective Board member.
An effective board member have clarity about their roles. They have accountability to shareholders, respect for the various stakeholders, and effective procedures. They need to be more skilled and disciplined in using management information, financial data and should be able to use modern technologies.
becoming a board members is the highest level of leadership position in an organization. It is both challenging and at the same time rewarding to your professional life.
Directors appointment: The whole board should agree to the appointment of a new director. Usually the chairman or a nomination committee of the board would take the lead in the selection process. First they determine the roles the new person is to fulfil as a board member and his personal characteristics.
Directors will be chosen because of their ability to contribute. Those with desire, skills and vigor to contribute fully in to board will be selected as directors of a board. This will continuously improve the board performance.
A successful candidate, as a board member, should have motivational and behavioural characteristics that are appropriate to the appointment. Weighing will be given to an established track record of achievement. Entry in to a non-profit Board can be a first step to enter in to a Company Board. Through this path you will get experience of a board operation.
Director’s associations will be a great help to get support and recommendations. The members of this associations may inform you about availability of positions. Join these associations and participate its activities.
An entrepreneur can directly join in to his own company board. If you have an entrepreneurial ambition, becoming an entrepreneur by starting a company can be an easiest method to become a director.
learning opportunities for directors are available at different part of the world. Participate conferences, meetings and workshops. It will give you more knowledge required for handling your responsibilities. These events help you to network with other directors.
The board’s total effectiveness can benefit from outside contacts and opinions. It is very useful to have a suitable networks of experienced contacts. This rich contact base can be a good strength while seeking a director position. Hence while seeking a position take efforts to expand your contact network in the corporate and political world. Social networking like Linkedin will help you to expand your professional network.
An individual director can serve on more than one board.
