Board Members Pros
For many people, being invited to join a board an important thing. It can boost your credibility, expand your network, and provide more opportunities for your professional or personal career.
If you’re unsure whether serving on a Board is worth the hassles of meetings, settling disputes, and studying financial statements, think about the fact that money is not usually the primary motivation for board members. There’s a range of professional skills you will develop as a result your board experience, and these could be extremely beneficial to your career growth.
For instance, if are on the board of an early stage startup, your role may involve running the company in a way which is impossible to accomplish in your current job. Boards that are based on disciplines like medicine, insurance/managed health, real estate, law/finance/banking or public policy may also benefit from this.
A board member has the opportunity to learn from executives and leaders from completely different industries. Working together to tackle complex problems can lead to strong personal bonds.
Of course there are many other factors that go into the decision to join a board including compensation and unique benefits that can include everything from use of the corporate jet and access to company products to test. The most important thing is to make sure that you are fully informed about what to expect from the company in terms of expectations regarding time commitment clarity of communication and the capacity to contribute.
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