Many company leaders are asked to serve on boards of directors, whether with nonprofits or for-profits of various sizes. There are many questions and issues to consider before saying yes and after saying yes. It is always an honor to be elected to boards, and it allows someone to have far-reaching positive impact beyond their normal job or company. Board service comes with fiduciary responsibilities and can include personal liabilities and reputation risk.
In this episode, Laura Gregory, an experienced attorney and now a management consultant associate with KC&A, explores the spectrum of questions we should ask and issues we should evaluate related to board service.
Our leadership is important to nonprofits all around us- industry associations, local youth sports leagues, homeowner associations, school booster organizations, chambers of commerce, hunting clubs, civic clubs, etc. And our leadership can also have far-reaching positive impact on job-creation and economic opportunities with for-profit boards of small, medium, or large companies, whether closely held or publicly traded.
Laura provides a series of questions and concerns to consider before saying yes, as well as a series of responsibilities and methods to maximize your impact and usefulness on a board after saying yes, including when to stop serving. She also offers a list of strategies to measure your success in board service, as well as specific, critical, and costly mistakes to avoid.
EPISODE RESOURCES:
> Laura Gregory on LinkedIn
>Laura Gregory Bio
>US Bar Associations' Directories
>West Alabama Community Foundation
>Eagles Wings
>Weekly Leadership Quotes on LinkedIn
Brain Chatter, a podcast where we listen past the daily noise and explore topics at the intersection of leadership, workplace culture, profit, and sustainability.
