The board of directors is responsible for the organization, company or business. Board members regardless of whether they are inside or outside, serve in a voluntary capacity and are not compensated for their tasks. They are expected to attend meetings, invest time preparing them and be a part of other committees. They are accountable for maintaining the integrity of the organisation and are required to sign conflict of interest declarations.

The number of directors vary depending on the type and size of the business. Smaller companies typically choose the board comprising five to seven persons while larger organizations usually require at least 9-11 directors. The selection of the board members should be dependent on the dimension, complexity, and representation requirements of the organization. It is essential to have a diverse group of people with a variety of skills, knowledge and experience.

Board members must be passionate about the business and committed to its growth. A good board member is a thinker with a sense of humor who can find alternative solutions that can help an company move forward. A good board member is one who challenges beliefs and theories to test their capabilities.

A good board member must be able to raise money for a company. They should be able use their position in the community and their personal connections to draw investors. A board is often involved in events like galas, auctions, and tournaments to help meet the financial goals of a company.

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