Monday, April 6, 2009

Board Member Seats Available

My friend, Ms. Dinah Rae is a board member of one of the most organization in their place. She once told me that being a board member is both challenging and rewarding. A board member’s responsibilities are determined by the powers and duties delegated to it or conferred on it by an authority outside itself. An average board seat requires approximately at least 200 hours of work per year. It is said that 75% of all companies pay an honorarium meeting fee for each board meeting attended. These payments may range anywhere from $500 to $5000 per meeting. As an over-all rate, being a board member gains large advantage both in profession and monetary status. LIGHTSHIP RESEARCH needs thousands of board seats to be filled.
According to Lightship Research Co. There are approximately 60,000 publicly traded companies and an additional 20,000 private companies with boards of directors in the United States. This results in a total of 80,000 boards nationwide. Experts estimate that the average board tenure lasts approximately eight years, meaning that in any given year, up to 10,000 board seats must be filled.
The board is responsible for planning the long-term future of a corporation and work side by side with management. Together, the board and the management strive to align long-term goals and the company’s vision with attainable short-term objectives. The board will often work closely with the CEO - the relationship between board members and the CEO/management team is complex and very important. Before even considering accepting a board seat, you may want to ask yourself:
• Do I believe in the cause/vision of this organization?
..Am I at the particular stage of my life to add the responsibilities of board membership?
• What can I personally contribute to the board?
• What do I hope to gain from being a member of the board?
If you are interested in learning more or would like to become a board member you may want to consider


Omah's Helping Hands said...

Thanks for the link Grace. I'll have to keep it in mind. For now, I have way too much on my plate now. I barely find time now. Sounds like a great idea though.

Denise said...

Thanks for sharing.