The job of a board member requires the commitment of a significant amount of time. Meetings can take hours and include review of financial documents, addressing legal issues, and deciding on the goals of an organisation.
It is the responsibility of the board member to prioritise the corporation’s interests over their own interests in order that they are effective in representing and fulfill its purpose. Board members are also expected to behave in a professional manner and not to use their position for private profit. This principle is typically found in the corporate governance rules.
Another aspect that is unique to non-profit organisations is to be attentive to community relations. This may mean collaborating with citizens, businesses and elected officials to develop new programs or initiatives. This type of engagement will also help a board be more attentive to the people it serves.
Board members are required to adhere to all corporate governance rules. This is often more important than their ethical statements. It is important that the board members conduct their meeting of the Board of Directors work in compliance with the rules of the corporation and are required to research all aspects of an issue prior to making a decision on it.
In order to maintain an even board, it is essential that a board of directors is comprised of both insider and outside directors. A mix of both brings variety of experience and perspectives that can benefit a business or an organization.