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Pros and Cons of Board Membership

Pros and Cons of Board Membership

The benefits of being a Board member are numerous and varied. Being able to work with other amazing people who are dedicated to your organization’s mission is a great feeling. You will make connections that will be useful to you in your professional and personal lives. Board service also offers a opportunity to question your beliefs and gain knowledge from people with different perspectives. You can apply your knowledge to make a positive impact in the community or even assist in the creation of new ventures.

A competent board is vital to the success of any business. Boards typically require a range of skills to determine strategy policies, financial management, and much more. Some organizations have a specific board role for those with a specific skillset, for instance, a communications specialist or someone who has knowledge of business finance. Recruitment of Board members willing to serve on subcommittees can be a way an organization can develop the necessary talent to accomplish its goals.

Cons of Board Membership

While the benefits of being a board member are greater than the drawbacks, it’s important to keep in mind that the role comes with a lot of legal obligations and should be taken seriously. It’s also a daunting and time-consuming task that requires a great deal of effort, knowledge and experience. Boards with long-standing members can provide a lot of institutional memory which is beneficial as the organization grows.

In the process of recruiting, it is important to understand why a candidate is interested in joining your Board. You can easily spot those who are only trying to improve their resume or advance their career plan. But, you should determine those who have an actual passion for the cause. If you can determine a candidate’s genuine interest, they’re more likely to put www.boardroompros.com/training-new-board-members-5-important-tips/ forth their best effort.

Emilio

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