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What is a Board Member?
A board member is a member of the governing body of an organization, such as a public business or a nonprofit, that oversees its operations.
Board members operate as spokespeople for all of an organization’s shareholders, or investors.
Board members are not involved in the day-to-day operations of the institution they are responsible for.
Instead, they recruit chief executives, such as CEOs and presidents, whom they believe are capable of doing the necessary tasks.
By analyzing financial documents, establishing regulations that regulate the firm’s ethics and processes, and fundraising, board members contribute to the overall direction of their organization.
When a crisis arises, such as a scandal involving one of the CEOs, it is up to the board members to address it.
