A non-executive director, or board director, is a post that is elected within the corporate. They serve as a representative of the shareholders and ensure that the company’s operations are conducted in a responsible way while also maximizing shareholder value. They are also accountable for defining the strategic goals of the organization and ensuring that they are achieved by the management.
Often, they will be called upon to make decisions that are both financial and strategic, such as capital budgets, operating budgets, and compensation decisions. This job takes a lot of time outside of board meetings. This includes fundraising, attending public events, and assessing whether the organization is true to its purpose.
Board Directors are required to fulfill their fiduciary obligation to the company, which requires them to put aside their personal interests in order to best serve the company. This is an extremely important responsibility and one that should be viewed with seriousness by all candidates.
There are many ways to become a board director. Many people are placed in this position by accidental or because they were requested. Nevertheless, if you are interested in becoming a Board Director, it’s a great idea to be actively seeking out the possibility. You can begin by identifying organizations you are interested in and then contacting a member of the board.
When you write your resume, you should highlight your leadership and strategy experiences. In particular, highlight organizations in which you worked closely with the board or took significant high-risk collaborative decisions. Include any relevant academic qualifications (such as a Masters of Business Administration) in your profile.