Who Should Not Serve On A Board Of Directors?
Corporate boards are often filled with people who have extensive experience in business, finance, and other industries. But not everyone is cut out to serve on a board of directors. Here are a few types of people who should avoid serving on Boards:
Those Who Lack Objectivity
If you can't take a step back and look at the big picture, you're not going to be an effective board member. You need to be able to objectively assess a company's performance and make decisions that are in the best interests of the company, not just yourself or your friends on the board.
People Who Are All Talk And No Action
Board meetings can be long and tedious, and it's important that everyone on the board is actively engaged. If you're the type of person who falls asleep during meetings or doesn't bother to read the materials beforehand, you're not going to be an effective board member.
Those Who Are Conflict-Averse
Not all conflict is bad. In fact, healthy debate is essential for making good decisions as a board. But if you're someone who Can't handle conflict or gets emotional during disagreements, you're going to find it difficult to be an effective board member.
People Who Don't Play Well With Others
As a board member, you'll be working closely with other members of the board as well as the CEO and other senior executives. It's important that you're able to work well with others and build constructive relationships.
Those Who Are Greedy
Board members are supposed to be looking out for the best interests of the company, not their own personal gain. If you're motivated purely by money or power, you're not going to make good decisions for the company.
People Who Are Resistant To Change
Are you thinking about serving on a board of directors, but not sure if it's right for you? Here are four types of people who may want to think twice before taking on this important role:
Times change and companies need to change with them. As a board member, you need to be open to new ideas and willing to embrace change. If you're set in your ways and resistant to change, you're going to have a hard time being an effective board member.
1. People Who Are Not Team Players
One of the most important roles of a board member is to work collaboratively with other members to make decisions that are in the best interests of the organization. If you're not a team player, or if you tend to butt heads with others, serving on a board might not be the right fit for you.
2. People Who Don't Believe in the Mission
another key responsibility of board members is to ensure that the organization is true to its mission. If you don't believe in the mission of the organization, or if you have doubts about its effectiveness, you might not be able to fulfill this important obligation.
3. People Who Are Not Willing to Give Time and Money
Serving on a board of directors is a significant commitment of both time and money. Most boards meet monthly or quarterly, and members are expected to participate in committee work and other activities outside of regular meetings. In addition, many boards require members to make financial contributions to the organization.
4. People Who Are Not Well-Informed
effective board members are those who stay well-informed about the issues facing the organization and the sector in which it operates. If you're not someone who likes to stay up-to-date on current affairs, or if you're not willing to do your homework before meeting, serving on a board might not be the right role for you.
SUMMIT JUNTO IS AN EXCLUSIVE MEMBERSHIP NETWORK OF INTERDISCIPLINARY LEADERS FROM ALL OVER THE WORLD.
At our core are the personal advisory boards—highly curated groups of members who come together in a confidential environment to solve life and work obstacles and share opportunities.
WE BRING TOGETHER LIKE-LEVELED ENTREPRENEURS, CREATIVES, AND INNOVATORS TO SUPPORT ONE ANOTHER TO LIVE THEIR BIGGEST LIFE. WE BELIEVE THAT WHEN YOU BETTER YOURSELF YOU BETTER THE WORLD.
Summit Junto expertly builds groups of 5-7 members, specifically matched based on career experience, diversity of industry, life stage, mentality and goals.
An annual shared experience designed to meet our members and Groups where they are at and provide an ecosystem to grow. Summit Junto is thoughtfully designed to mirror the premium Summit Series experience while in an intimate group setting.
Advisory Boards meet monthly. Our professional facilitators moderate and implement Summit Junto formats designed to foster deep connection amongst members.