Benefits from the experience of board members

Being a board member is very rewarding and in many ways. The benefits of being a

board member go behold the boardroom to your personal life even after leaving the board or

otherwise.

Improved strategic and business acumen

Becoming competent in running business, it helps you recognize the independence of

business operations. Understanding the connection of various departments in the business one

make better and informed decisions. Additionally, it broadens your understanding of

implications and requirements of planned decisions you have to make in your professional roles.

Increased corporate governance skills

When you get exposed to the board, it helps you understand and appreciate what business

governance is and how to absorb best practices into the organization. The knowledge and skills

you get, assures shareholders, customers and other crucial stakeholders that the business is run

well and will be a good venture to undertake business with.

Improved decision making.

Making informed and strategic decisions is another important benefit and enhance you to

make better decisions with confidence. The improved decisions making ability will serve you

well in all circumstances and at any organization you work with. Also decisions over your

personal life will be a huge boost.

Access to Broader network

Serving in the board, connects you with other board members and various stakeholders.

This network will help you open a network behold your professional network. A broader

network can result to further appointment in other boards and also connection with expertise who

you can call upon in times of need.

Improved confidence.

Confidence is mostly improved by getting new skills and more knowledge. You will be in a

position to know the right questions to ask in a board meeting and also be actively contributing

to discussions with confidence and self-assurance.

Enhanced understanding of business operations and Board.

Being part of the board, helps you to learn and understand how to sail around a very organized

and tied system full of complicated operations. Hence help you to thrive in the workplace and in

the boardroom.

Developed leadership and interpersonal skills

Being on the board, is a leadership venture, this will enable one to understand how to work with

people of contrary opinion. In doing so, it helps to create important relationships with various

individuals of various and own agenda. Building your interpersonal and leadership skills, helps

you to fix yourself strategically within the organization working environment and deliver what

the company mission is all about as well becoming a better person.

 Benefits from advisory board

Establish relationship with the host company’s senior management team

Network with other peers in the industry

Learn about upcoming products release in advance

Discover best practices you can take back to your organization and implement

Share challenges and solutions with similar business leaders

Learn more about significant market trends that impact your business

Stay at the forefront of major industrial happenings; news, mergers, etc.

Participate in fun and networking activities

Boost your image in the industry and build reputation which enhances your resume.

How can a Board Member Impact on Company’s Growth?

Benefits of Advisory Board

Draw on the skills and knowledge of advisors who have practical experience in your area of

operations.

To enhance and build a company's reputation and its credibility in the market place.

It facilitates in increasing and building consumer and investors' confidence.

To attract super talented employees by demonstrating a commitment to company growth.

The advisors' board will provide strategic advice and bring skills to facilitate your business

growth to the next level.

Provide wise advice on the issues brought by the owners

Helps to monitor business performance and challenge the management to keep on consideration

to improve the business

Provide management with a new idea which can only be found from a distant day to day

operations

Create an understanding of market trends, industry changes, and new business strategies.

Motivate to develop a governance framework that enables continued growth while pushing ahead

the vision of the company.

It helps in avoiding costly mistakes.

Helps in times of crisis and leadership transition in case of death or resignation of a CEO

To test the quality of outsider's contributions to the business.

Increased community and public relations.

To generate a possible source of the main board as the company continues to expand and grow.

Bring second opinion and perspective that the founders did not have.