Learn about the benefits and challenges of joining a board as women share their experiences. Discover the opportunities in healthcare sector board positions and the relationship between nonprofit and corporate board work. Explore the functions and responsibilities of boards, the importance of networking, and the time commitment involved in board membership.
Serving on a board allows women to have a say in business decisions, influence employee and customer treatment, and enhance career prospects for senior executives aspiring to become CEOs.
Volunteering and networking play significant roles in securing a board seat, and starting on a nonprofit board can be a stepping stone to joining a board, providing opportunities to expand skills and make a meaningful impact in communities or industries.
Deep dives
Importance of Women on Boards for Improved Decision-Making and Financial Performance
Research suggests that having women on corporate boards leads to better decision-making and improved financial performance. Serving on a board gives women a say in how businesses are run and the opportunity to influence employee and customer treatment. It also enhances career prospects for senior executives aspiring to become CEOs. Nonprofit boards serve as a starting point for many directors, offering a chance to expand skills, network, and make an impact in communities or industries. Passion and interest are key qualifications for joining smaller nonprofit boards.
Path to Landing a Board Seat and Gaining Confidence
Volunteering and networking play significant roles in securing a board seat. Organizations often look for individuals with relevant skills, experience, and connections. Serving on a different nonprofit organization can provide a stepping stone to joining a board. Starting on a finance committee can offer opportunities to contribute expertise, but individuals can also request to be moved to other committees to broaden their experience. Increased involvement in meetings and responsibilities can lead to personal and professional growth, boosting confidence along the way.
Navigating the Norms and Dynamics of Board Membership
Being an effective board member involves understanding governance and operations, asking in-depth questions, and balancing warmth with competence. Women are often careful in their approach, presenting ideas as questions and building relationships to navigate potential conflicts. Imposter syndrome and self-monitoring can be common challenges, but women bring unique qualities such as preparedness, accountability, and ability to create nuanced discussions. It is important to familiarize oneself with board culture and norms beforehand and continuously learn about the organization and its management.
Considerations for Time Commitment and Risks
The time commitment for serving on a board varies, ranging from a few hours per week to multiple days per month. Preparation, attending meetings, and additional activities may require flexible scheduling. While compensation is not always offered for nonprofit board service, volunteering can provide personal fulfillment, opportunities for consulting or adjunct lecturing, and networking benefits. It is important to consider the risks associated with board membership, including potential lawsuits and responsibilities for governing and protecting the organization.
Being on a board is a chance to grow—your mind, your skills, your network, your impact. It’s also another time commitment to fit in, and, for some women, another environment where they have to fight to be heard. So, is the payoff worth the effort?
Yes, according to the eight women who volunteered to speak about their experience serving on boards of companies, nonprofits, and schools. They share how they landed a seat, gained confidence in the role, and found unexpected personal and professional benefits in the work. We hope that their perspectives and advice will inspire you to consider trying it yourself some day.
Ellen Zane, who runs a Harvard workshop for women interested in board work, provides further insight based on her years of experience as a director for nonprofits and private and public companies.
Guest expert:
Ellen Zane directs the Women on Boards: Getting on and Adding Value annual program through Harvard’s School of Public Health (here’s the application for the next one, April 18–19, 2024). She’s the former CEO of Tufts Medical Center, and she’s on the board of directors for several nonprofits and private and public companies.