A board member is responsible for ensuring that their organization’s governance functions are executed effectively. This includes tasks like strategic planning as well as financial supervision and legal compliance. It also includes managing the organization’s investments, program funding and policy formulation.

Board members are also responsible to evaluate potential conflicts of interest and maintain their integrity. This includes reviewing their organization’s legal documents and bylaws, having www.boardmeeting-software.blog/4-the-most-common-reasons-for-a-ceo-to-quit an extensive conflict of interest policy in place and adhering to it.

In addition, it’s the responsibility of board members to ensure they possess the required skillset for the role they are filling. This includes knowing the terminology of their field and understanding the complexity of documents, like strategic and financial reports. They must also be able to think critically and imaginatively. They should understand the risk, and be aware of the questions to ask external and internal advisors.

They must be able to communicate their ideas to the the board and take part in discussions. This is especially important when discussing sensitive topics that require a certain amount of confidence and discretion. Finally, they should be prepared to commit the time required to fulfill their obligations – including attending meetings, delivering productively and studying the material ahead of the meeting.

A second responsibility is to find and select new board members. Always look for enthusiastic candidates who bring expertise, knowledge and experience to the boardroom. This typically involves visiting facilities and engaging with volunteers, and also looking for talent through social media and other channels.