When selecting new board members for your small company or non-profit, the best board candidates are those who have how to choose the right board member for your small business an interest in the organization’s mission and are willing to invest their time. The selection process must be thorough. Don’t choose one based on the fact that they’re a friend or relative. You should verify the background of your candidates, request for references and conduct a conflict-of-interest review.
Board members should have previous experience in the field and be able to apply their knowledge to assist the board in making informed decisions. They must be able to think ahead and challenge the status that is in place. Boards should be balanced; you do not want a board too heavy on visionaries and doesn’t have enough execution specialists.
The ideal board member will have prior experience on other boards, but it’s not always feasible. If they don’t have any board experience, you should think about the other boards they’re on and what their duties are. Too many boards could result in burnout or a lack of focus.
Some leaders make the mistake of surrounding themselves with “yes-people”. They select only those who are in agreement with their decisions, and never ever. This can be dangerous for the capital of investors, the employees’ futures and the future of their businesses. To improve your company’s success it is essential to promote lively discussion and introduce new perspectives.