Where to Start as an Aspiring Board Member - Part One | Ep. 124

This episode kicks off a three-part series designed to help aspiring Board Members navigate the world of Board service. This first instalment tackles the most critical question: What does a Board Member actually do? We'll go beyond the Boardroom to shine a light on the full scope of the role, including the risks, commitments, and rewards. This episode addresses: The Core Responsibilities: the fundamental legal duties of an Australian Board Member/Company Director. We also break down the crucial difference between governance and management. Beyond the Boardroom: Discover the commitments that go beyond attending meetings. We cover committee work, stakeholder engagement, and the time required for meeting preparation and follow-up, which can be significant. The Board's Dynamic: We delve into the importance of a healthy Board culture, emphasising trust, constructive debate, and the need for a unified front. The vital role of the Board Chair is also highlighted, as this person significantly influences the Board's effectiveness and your experience as a Board Member. This episode is your first step to a full awareness of what it truly means to be a Board Member.   Key Takeaways: Board service is a serious commitment with legal duties, but it can also be highly rewarding. The key duties for an Australian Company Director include acting with care and diligence, not improperly using your position, and preventing the company from trading while insolvent. The line between governance and management is often fluid, and it's essential for the Board and executive team to agree on their dynamic. Board work extends beyond meetings. Be prepared for commitments like committee work, stakeholder engagement, and extensive preparation time. A Board's culture and the influence of the Chair are critical to your success and enjoyment in the role.   Stay Tuned: Episode 2 of this series will be released in November 2025, focusing on Do I have the right skills and experience for a Board? Episode 3 will follow, with a roadmap on How do I find and get on a Board? Submit Your Question If you have a question or that you would like me to answer in a future episode, please fill out my short online survey.   Subscribe and Share: If you found this episode valuable, please subscribe and leave a review. For more information and resources, visit our website at getonboardaustralia.com.au.

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