What Makes a Successful Board Member?

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Successful board members are dedicated to the goals of the company the company, its customers, and its shareholders. They prioritize attendance at meetings and actively participate in discussions. They are well-versed in the business model as well as the policies and operations of their company. They stay up to date with latest developments in their field as well as industry trends so that they can make informed decisions.

They are able to control their ego and are confident when working with others. They are aware of how their actions impact the other board members and executive team. They can prevent tensions and conflicts that can result in a loss of productivity or even the boycott of board meetings. They can offer powerful questioning that will help to get at the heart of any issue, and also prevent groupthink.

Strong board members are knowledgeable in their field and are able to share novel and applicable insight with the rest of the board. They can position themselves as an executive mentor and act as a sounding board for sensitive topics. They also excel in establishing relationships outside of the boardroom and introducing other members with new connections.

They are aware of the rigors of governance that is required for their position and work to fulfill their legal obligations. They are always looking for problems, whether they’re management, financial, operational or personnel-related, and take action to fix problems. They also understand that their job is to act as a strategic advisor to the CEO. They assist them in achieving their goals and maximize their opportunities.