That right there gave me a boner
Board members aren’t always shareholders. Most entities fail by that.
A good board members caucus should be inclusive of experts in different fields that are relevant to the core business at hand.
That means Business moguls, IT experts, Financial advisors, Media experts, Lawyers etcetera.
A board is a strategy panel. It basically sets the course of the business. So, I would examine my personal capacity, both professional and experience wise and note down the instances I would be of use. Similarly, I would expect to be compensated for this input as it is the only way to ensure my priorities are straight.
Reading through these very informative replies, I couldn’t help but recall the case of the late Steve Jobs who was once sacked by a board he had appointed.
So how do you go on recruiting a rock star board and what determines who will get the board chair?
on the first part of time it depends on the stage of the business, e.g if it’s on its infancy a lot more frequent sessions are advisable but after the business is up on its feet then the frequency can reduce but maintain consistency
On the level of commitment, marketing strategy and target market and approach are very key and definitely something that every board member should get involved in terms of identifying, coming up with strategies to exploit them and also plans on how to open up more markets.
On recruitment, It’s my strongly held believe that the board should only get involved in recruitment of senior management.
Culture is very important however with a clear vision a mission statement which is understood by everyone, management with the help of line managers should be able to cultivate a culture that reflects on what the company stands for.
Damn @Female Perspective talks in business Lingo.
i dont see why you should be a board member in my company n you dnt wanna invest in it.