A non-executive director, also known as a board director, is an office that is elected by a company. They are the voice for shareholders and ensure that the company’s operations are conducted in a manner that is responsible while also maximizing shareholder value. They are also accountable for setting the strategic goals of the company and making sure that they are being achieved by the management.
They are often asked to make decisions that aren’t just strategic however, they also have to make financial nature, like capital budgets, operating budgets and compensation decisions. This role involves a great portion of their time away from board meetings. This involves fundraising, attending public events, and assessing whether the organization is staying true to its purpose.
Board Directors are expected to fulfill a fiduciary duty to the company that requires them to give up their personal interests in order to best serve the company. This is a significant responsibility that all candidates should be aware of.
There are numerous ways to become a board member. Many people are placed in this position either by chance or because they were given the opportunity. If you’re considering becoming a director on the board it’s a good idea to pursue this opportunity. Start by identifying organizations you are interested in and then contacting a member of the board.
When you compose your resume, highlight your leadership experience and strategy. Particularly focus on those organizations where you have worked closely with the board, or have made significant collaborative high-stakes decisions. Also, if have any qualifications in your education that are relevant (such as a Masters of Business Administration) include them in your profile.