Leading Boards N°1 Basics on Boards of Directors | Page 5
• Is corporate governance an issue you know enough about?
To get started on a Board and be efficient, knowledge in corporate governance is fundamental. Many training courses exist to get the basics of good everyday governance essential for a company’ s success. Your expertise must bring added value to the Board.
Now that you know more about governance and about yourself, search for an interesting Board. Start with an industry that you know a lot about and look for companies in that area.
Once you have found some, learn more about them by reading the annual reports, press articles and who sits on the Board.
• What is the mission and plan of the company?
• How is the organization viewed by the community and its customers?
• Does it have its own culture and values clearly defined?
• Is there a code of conduct and of ethics?
• Can you match your personal skills and ambitions to the governance needs of the company?
Look into the market dynamics, the place of the company and also the actions of the competitors to get a first idea of the market and the strategy of the aimed company. Looking into the figures and data is also important like:
• What is the company’ s financial condition?
• Are there clear reportings published?
• Is there an insurance policy for Directors?
For your first Board position, look for a small company or a non-profit Board where you can bring your expertise to their organization and gain recognition.
• Is corporate governance an issue you know enough about?
To get started on a Board and be efficient, knowledge in corporate governance is fundamental. Many training courses exist to get the basics of good everyday governance essential for a company’ s success. Your expertise must bring added value to the Board.
Now that you know more about governance and about yourself, search for an interesting Board. Start with an industry that you know a lot about and look for companies in that area.
Once you have found some, learn more about them by reading the annual reports, press articles and who sits on the Board.
• What is the mission and plan of the company?
• How is the organization viewed by the community and its customers?
• Does it have its own culture and values clearly defined?
• Is there a code of conduct and of ethics?
• Can you match your personal skills and ambitions to the governance needs of the company?
Look into the market dynamics, the place of the company and also the actions of the competitors to get a first idea of the market and the strategy of the aimed company. Looking into the figures and data is also important like:
• What is the company’ s financial condition?
• Are there clear reportings published?
• Is there an insurance policy for Directors?
For your first Board position, look for a small company or a non-profit Board where you can bring your expertise to their organization and gain recognition.