Board Members Pros

Being invited to join a Board of Directors is significant for a lot of people. It can boost your reputation and expand your network and open up more opportunities for your career or business.

But, if you’re not sure whether being on an organization is worth the hassle of meetings, settling conflicts and analyzing financial reports, consider that money isn’t a primary motivation for board members. There’s a variety of professional skills you will strengthen as a result of your experience on evaluation meeting the board and these can be highly beneficial to your career growth.

If you are on a board of a startup company in its initial stages, you can be a part of the management of the company in ways that you would not be able do in your current position. Boards that are based on disciplines such as insurance/managed healthcare, medicine law/finance/banking, real-estate, marketing and public policy can also benefit from this.

In addition to the learning opportunities Being a board member provides the chance to work closely with executives and leaders from different industries. Working together to solve complicated problems can create strong personal bonds.

Of course there are other elements that influence the decision to become a board member such as compensation and benefits that could range from access to the corporate jet to access to company-owned products to test. The key is to ensure that you are informed about what you can expect from the organization in terms of expectations regarding time commitment, clear communication and the ability to contribute.