There are many benefits having a board membership. Being able to work with other extraordinary people who are dedicated to the cause of your company is a great feeling. You will make connections that will benefit you in your personal and professional lives. Board service can also be a great way to gain Onehub knowledge from different perspectives and challenge your own. You can make use of your knowledge to improve the community, or launch new ventures.
A competent board is vital to the success of any business. Boards require a variety of expertise to guide the strategy, policies and financial management, and much more. Some organizations have a specific board role that requires a certain skill set, such as a communications specialist or someone who is familiar with business finance. A great way to build the skills needed to meet the objectives of the organization is to get Board Members willing to join these subcommittees.
Cons of Board Membership
While the benefits of being a board member far outweigh the disadvantages, it is crucial to remember that the job carries numerous legal obligations and should be treated with a lot of care. It’s also a daunting and time-consuming job that requires a lot of energy, knowledge and experience. Boards with long-serving members can provide a lot of institutional memory which is beneficial as the organization grows.
During the process of recruitment it is essential to understand why a candidate wishes to join your Board. You can easily recognize those who are simply trying to pad their resume or increase their career plan. But, you should find those who have an innate passion for the cause. If you can gauge the genuine interest of a candidate in the cause, they’ll be more likely to devote their full focus and effort.
