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 .