Successful board members are committed to the organisation’s mission, its clients and shareholders. Attendance at meetings is a top priority, and they actively participate in discussions. They are well-versed in the business model and policies of their company. They also stay on top of developments in their field as well as industry trends to make informed contributions.
They are confident and able to manage their egos while working in the team. They are aware of how their actions impact other board members as well as the executive team. They are able to reduce conflict and tension within the team. This can lead to a lack of productive work or even an outright boycott of board meetings. They can be a powerful source of questioning that can help identify the root of any issue and prevent groupthink.
Strong board members are knowledgeable in their fields and can offer new and relevant insights with the rest of the board. They can serve as a mentor to executives and serve as a sounding board when it comes to sensitive issues. They are also adept at building relationships that go beyond the boardroom and introducing their colleagues to new contacts.
They are aware of the rigors of governance required for their job and strive to meet their legal responsibilities. They keep an eye out for problems, whether they are financial, management or personnel-related and take action to solve them. They also realize that their job is to act as a strategic advisor to the CEO. They assist them in achieving their goals and maximize their opportunities.
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