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Boards oversee the strategic direction of a company, including its finances and risk and opportunity management. They also manage succession to leadership, talent development, and corporate culture, all while setting and maintaining policies which focus on the best interests of shareholders and other stakeholders.

All board members regardless of the nature or mission of their organisation, must fulfill three specific duties:

1. The foundation of values and goals.

Board directors must be able to comprehend, support, and communicate the values that define their organization, be it respect, compassion, or kindness. In the same way, they must be able to exemplify those values through their actions and interactions with staff and others. Following the pandemic, a lot of organizations have recommitted themselves to their core values. They’ve also pledged to their staff and the community that they will live by these values each day.

2. Provide a platform to help the company grow.

It doesn’t matter if the goal is expand into a new market or accelerate growth, a competent board with a wide range of skills can be helpful. A member with a background in sales can provide valuable insights and perspectives on the revenue-generating aspect of a business, while those with experience in fundraising could be able attract investors.

During the interview and recruitment process, it is crucial to provide new board members with an extensive orientation session. This will assist them in understanding the responsibilities and roles of board members so that they can step into the new role with confidence.

board of directors

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