https://boardroompros.com/training-new-board-members-5-important-tips
Pros of Board Members
Being invited to join a Board significant for a lot of people. It can increase your credibility increase your reach and ultimately lead to more opportunities in your career or business.
But, if you’re not sure whether being on an organization is worth the effort of meetings, settling disputes and reading financial reports, consider that money is rarely a principal motive for board members. The experience you gain from your board experience will help you build a variety of professional skills, which could be very beneficial to your professional career.
If you’re on a board of a start-up in its initial stages you may be able to have a say in the direction of the company that you would not be able to in your current position. The same could be true for boards that are based in areas like insurance/managed healthcare or medicine and law, finance/banking marketing, real estate, public policy, among others.
A board member has the chance to learn from executives and leaders across a variety of industries. Working together to solve complex issues can create solid personal bonds.
Of course, there are other factors which influence the decision to become a board member such as compensation and benefits that can include everything from access to the corporate jet and access to company products for testing. The most important thing is that you’re well-informed about what you can expect from the company in terms of expectations around time commitment and clear communication as well as the ability to contribute.
