Whether you happen to be a CEO of a company who is elected to the table by shareholders or an incomer to the company that you serve, your responsibilities as being a Board Representative are many and varied. You should provide strong leadership, tactical guidance and oversight. You should help the institution set plan, make critical decisions and build a vision which will guide it towards an excellent future.
A good way to look at exactly what a board member does is usually to examine the four the latest models of of the table:
1) Geographic Representation – This model assumes that you were elected for the board to symbolize individuals in the geographic area or wonderful interest group. This tends to be the situation with not-for-profit boards just where directors happen to be elected to represent community passions rather than the group itself. The[desktop] can cause the board being more interested in addressing the interests of their members/investors and less focused on the overall health and wellbeing of the business.
2) The Management Model – It assumes that board functions as a group of trusted advisors to the exec director/management staff. This model needs he said the board to define appropriate organizational locates and goals, as well as set up policies that set boundaries that, if reputed by the executive director and staff, result in safe operation of the company and protected its long term success.
It is also common pertaining to the operations model to require which the board determine which responsibilities it should take on itself and also that should be even more appropriately devolved to senior managers. To accomplish this, the mother board typically devises a agenda of arranged powers.