Boards of Directors are accountable for a wide range of responsibilities, from financial oversight and determining the best way to manage organizational resources. It is a position of high responsibility that requires dedication and commitment. It is important that anyone considering joining the company’s board of directors knows what their specific job tasks are prior to committing to the position.

There are special boards as well as the governing board, that specialize in specific areas, such as fundraising, marketing, or branding and community connections. These are often made up of an assortment of inside and outside directors that bring their different perspectives and skills to the table.

Board members’ primary task is to ensure they are in compliance with their legal obligations. They usually break into three broad categories.

Duty of Care

In this particular area, a board director’s legal responsibilities revolve around making decisions that are in the best interests of the company. They also have to ensure that their choices are in compliance with all applicable laws and reporting requirements. This includes ensuring that they’re well-versed in the legal organizational documents of the organization as well as the board’s bylaws.

It is also important for a board of directors to actively promote their work and strive for public relations that portray their company in an optimistic light. This responsibility should come oversee vs manage naturally to the most enthusiastic and committed board members, but it is something that could be a problem for other members who might not be as active in promoting the organization’s work.