15 Jun BEST BOARD MEMBERS & DIRECTORS – WHICH QUALITIES DEFINE THEM?
Serving on a corporate board of directors is a significant responsibility requiring individuals to deftly balance several dualities. The most effective board members are those who can adroitly navigate these competing priorities and mindsets that often pull in opposite directions. The dualities that exemplify high-performing directors include:
Independent Yet Invested
While the primary function of the board is to provide independent oversight separate from management, great directors avoid being completely dispassionate. They take an active interest in the company’s mission, understand the strategic vision, and are emotionally invested in seeing the organization succeed for stakeholders. However this investment cannot cloud their impartiality when scrutinizing decisions, demanding accountability, or raising contrarian viewpoints.
Professionally Curious Yet Prudently Skeptical
A willingness to always keep learning and embrace new perspectives is crucial for directors to counteract stale or insular thinking. Asking probative questions, studying emerging trends, and maintaining an open mindset allows boards to evolve. Simultaneously, the most impactful directors couple curiosity with a healthy dose of respectful skepticism. They pressure-test assumptions, identify overlooked risks, and push for substantiation rather than deferring to ingrained beliefs.
Stalwart Mentors Yet Veritable Challengers
In their governance roles, exemplary board members strike a balance between serving as advisors who can empathetically nurture and constructively develop management teams versus sternly asserting themselves as uncompromising inquisitors. Directors must establish trust as supportive allies, while also fearlessly pushing backs and challenging leadership when needed without ceding backbone.
Visionary Thinkers Yet Operating Pragmatists
While boards hire directors for their lofty expertise and insights, the best members recognize their duty is pragmatic oversight of leadership execution – not idealistic philosophizing. Boards should encourage ambition, innovation, and future-minded thinking, but must also apply hands-on operating realism and experience to ground strategies. Visionaries detached from operational context add little utility.
Diplomats and Unifiers Yet Resilient Dissenters
In the boardroom, collegiality and discretion foster productive group dynamics where varying perspectives can be candidly shared. However, standout directors know when to shed diplomacy and unify in principled, vocal dissent if they fundamentally disagree with the proposed direction. Respectfully challenging misguided consensus proves integrity.
In purposefully selecting board candidates who personify these dualities, companies assemble high-functioning directors who apply balanced judgment to uphold effective governance. The most invaluable board members navigate these complexities judiciously while keeping the company’s guiding principles and stakeholder interests paramount.