https://managingbiz.net/2020/07/29/managing-director-tasks-and-duties-by-board-room/
A board of directors provides oversight of a company as well as its governance practices, and offers support for the strategies proposed by the management. It also ensures the company is operating legally and in the best interest of shareholders and other stakeholders. The board could comprise an assortment of inside and outside members, with each elected for a set term. The ideal board is well-rounded, diverse and has a wide spectrum of experience, skills, and backgrounds. They will reflect the organization’s fundamental values and demonstrate a commitment to its mission.
In addition to offering leadership and governance expertise boards must be willing to take risks and take difficult decisions. They must also show an understanding and ability to collaborate in a team-oriented manner. They should be able communicate the strategic direction and vision of their company and know how to formulate and implement a plan.
Boards need to be ready for rapid response to changes in business and social contexts. They should be proactive when it comes to potential and risk, talent management and corporate finance.
One way to create a strong board of directors is by creating an inventory of qualified candidates and inviting them to apply for jobs whenever openings arise. This process can be as simple as posting an advertisement for a job on LinkedIn or sending out an email announcement.