A guide for aspiring board directors
Thinking about joining a board?
Serving on a corporate board can provide executives with valuable perspective and insight beyond your own company. However, before embarking on a search for a board seat, it is wise to do your homework.
After all there are many things to think about before you join your first board:
- Do you fully understand the role and responsibilities?
- Do you have the right credentials?
- Are you able to give the time board service will require?
- Do you have permission to serve?
In the post-Sarbanes-Oxley world, the role of a board director has become more regulated, involved and important. Directors have more accountability to a varied group of constituents— from shareholders to employees, to customers, to the public at large—as well as increased wide-ranging responsibilities. Modern boards are considered a strategic asset to the company.