What Skills and Qualities Should Board Members Possess?
Effective board members should possess a diverse set of skills and qualities, including:
Industry Knowledge: Understanding the specific challenges and opportunities within the industry. Financial Acumen: Ability to interpret and evaluate financial statements and budgets. Strategic Thinking: Capability to think long-term and understand broader business implications. Integrity: Commitment to ethical behavior and decision-making. Communication Skills: Ability to articulate thoughts clearly and listen effectively.