Business People on Nonprofit Boards: Advancing Organizations and Developing as Leaders
By Alice Korngold
Through service on nonprofit boards, business people from Fortune 500 companies bring valuable experience and expertise to bear in helping nonprofits to achieve their vital missions. A highly effective board will fulfill its work in partnership with the head of the nonprofit organization by envisioning the organization’s greater potential, creating the revenue model and maximizing financial success, and ensuring the organization’s integrity and high-impact results.
In order to accomplish its work, the board must be comprised of people with diverse perspectives and backgrounds who have experience in a variety of areas including strategic planning, organizational development, board governance, finance, law, and communications.
The most effective board members are passionate about the organization’s mission, fully committed to the organization, and enthusiastic about contributing and raising valuable resources that will advance the organization. These resources include both financial and human capital, so board members who can access business volunteers with skills in IT, social media, market research, human resources, and other particular areas can be most helpful.Read more: