It could be a position on an organization’s board to increase credibility for your career or a role that helps you upskill to further your professional development being on corporate boards will help you develop various important abilities. Most important among them are collaboration skills, particularly how you interact with other board members and leaders from functional and business areas that may be newer to you.

In addition to these essential abilities, the job of a director on a board requires you to spot the potential for risks, which include cybersecurity, regulatory changes, threats as well as competitive issues and industry turmoil. Identifying these challenges will help your company to avoid major issues that could impact negatively its performance and its reputation.

As a board member you must be able to deal with time-related constraints effectively. This includes giving a timely summary of the agenda for the board meeting to board members so that they can review the material and prepare for the meeting. It also means being in a position to answer questions during the meeting efficiently and clearly.

You also need to be able to share documents with board members. These are typically committee reports or other documents that relate to the duties of the board like financial statements, HR reports and updates to the legal system. This is where software for managing boards can make the process easier by allowing you to upload and share all of these documents together. This means that the board members are able access the information they need to make better decisions.