What Traits Make a Successful Board Member?
There are many characteristics that make a board member successful in a variety of ways, from financial wealth and social connections to experience in a specific area. But there are some intangibles that help make a great director for the job, like the ability to think out of the box and remain dispassionate when discussing highly emotional topics.
It’s equally important for boards to have members who have the required communication skills as they will typically be sharing sensitive information in meetings and out. Board members should be competent in communicating effectively in both written and verbal form. A good board member should have a strong moral code and an interest in the company to succeed.
Having the right composition of board members is essential to the success of a charity. A creative director can help bring a new perspective to problems that may be stalled or not being addressed in a data rooms timely manner. In the same way, adding an expert in finance can ensure that financial issues are being looked at from a variety of angles.
The nominating committee must spend time ensuring that new board members are well-suited for the role, and possess the required experience and independence. A reputable nomination committee will seek candidates with a wide range of skills, such as knowledge of the nonprofit’s operations, strategy, and stakeholders. It is vital that the board avoids overlapping memberships, as this can hinder its effectiveness.