Successful board members are committed to the company’s mission as well as its shareholders and clients. They are committed to attending meetings and actively participate in discussions. They are knowledgeable about the business model, policies and operations of their company. They also stay abreast of the latest developments in their field and industry trends to make informed contributions.
They are self-confident and can manage their egos while working as part of a team. They are aware of the ways in which their actions impact other board members as well as the executive team. They can help to prevent conflicts and tensions that can cause a decrease in productivity or even the decision to boycott board meetings. They can also provide insightful questions which can help to identify the root of any issue and stop groupthink.
Board members who are well-informed in their respective fields and provide fresh and relevant information with the rest of the board. They can serve as a mentor to executives and act as a successful board member spokesman for sensitive issues. They are also adept at building relationships that go beyond the board room and connecting their fellow colleagues to new contacts.
They are aware of the rigors of governance required for their position and work to fulfill their legal obligations. They are aware of issues such as management, financial problems, operational or personnel – and take steps to fix the issues before they escalate. They also know that their role is as a strategic advisor to the CEO. They assist them in achieving their goals and maximize their opportunities.
