Whether you are new to directorship or a seasoned director looking to give back, serving on an advisory board can be a rewarding experience. In final part of our special feature series, ICD presents perspectives from directors and experts on whether a transition to a fiduciary board is the right step for every organization.
Serving on an advisory board can be a delicate balancing act. On the one hand, you are there to ensure the company’s success through advice and expertise; on the other, you have to be empathetic to the entrepreneur’s (and their family’s) personal investment in the company.
So you’ve decided that yes, you have what it takes to serve on an advisory board. Where do you go from here?
There’s a reason board candidacy is a highly competitive market: Board work is both attractive and lucrative, at any stage of your career.
Whether you are new to directorship or a seasoned director looking to give back, serving on an advisory board can be a rewarding experience. In this special feature, Directors onBoard, presents perspectives from directors and experts on the first step to starting your advisory board career and what to expect.
Boardrooms have long been the domain of executives in their 50s, 60s - and even 70s, now that more boards are loosening mandatory retirement limits.
The profession of director has never stirred as much interest as it has now, despite the growing complexity of the role, the increased weight of responsibilities and the greater time commitment required.
Accepting an invitation to serve on a board is an exceedingly important decision, and one for which potential directors are often woefully unprepared. This article looks at the importance of conducting in-depth due diligence before accepting a board seat.
For directors to be effective in the boardroom, it is important that they recognize and play on their individual strengths in addition to drawing out the strengths of others.
Board composition is the subject of much debate throughout the world, while the role of the nonexecutive or independent director is becoming more onerous.