The job of a board member demands a considerable time commitment. Meetings can last for a long time and involve reviewing financial documents, discussing legal issues and discussing strategies and objectives for the organization.
The job of a board member is to put the interests of the company before their own, so as to represent the company board members responsibilities and fulfill its objectives efficiently. Board members are also required to act in good faith and not to use their position for private profit. This is often reflected in the corporate governance rules.
Another aspect that is exclusive to non-profit organizations is attention to community relationships. This could mean working with businesses, citizens and elected officials to develop new programs or initiatives. This kind of engagement can also make a board more sensitive to those it serves.
Board members must abide by all rules of governance, and this is often an even more important aspect of their responsibilities than their ethical declarations. Board members must conduct their business according to the regulations of the company and are required to study every aspect of the issue before deciding on a vote.
It is crucial that the board is composed of both outsiders as well as insiders to ensure that the board is balanced. A mix of both can provide a range of perspectives and experiences to a business.