The responsibilities of directors’ boards range from financial oversight to determining the best method to manage organizational resources. It is a position of high responsibility that requires commitment and dedication. This is why it is essential that those who are interested in joining a board of directors know what their job duties actually are prior to committing to the role.
Apart from the governing board of a corporation there are special boards that are focused on specific areas such as fundraising marketing, community brand awareness and connection. They are typically comprised of an assortment of directors from both sides who bring their different perspectives and knowledge to the table.
The most important aspect of the job for any board member is to ensure that they fulfill their legal obligations, which are generally broken into three broad categories:
Duty of Care
In this regard, a board director’s legal obligations are to make decisions that are best in the interests of the company. They must also ensure that their decisions are in line with the applicable laws and report requirements. This includes ensuring that they are familiar with the legal organizing documents of the company and the board’s bylaws.
It is also essential for the board of directors to actively promote the work they do and strive for public relations that paint their organisation in positive picture. It should be simple for the most passionate and dedicated members of the board to perform this obligation, however it can be a challenge for those who aren’t as active.