Regardless og who got you elected to the board, you should strive to represent all owners.
Ensure that the company has prudent equity and liquidity in relation to the risk and scope of the company's activity. If the board finds that the equity is not prudent, the board is obliged to immediately propose measures and convene a general meeting.
This means that the board must ensure that the business is properly organized, has clear lines of responsibility and qualified personnel.
Ensure that the CEO follows plans and reporting routines. The board can set instructions for the CEO. If the company does not have a CEO, the rest of the board shall supervise the chairman of the board, who in such cases exercises the function of the CEO.
Boards need to be as objective as they can be about their own performances. Most boards do a self-evaluation every year with the goal of identifying their weaknesses and forming a plan to improve the board’s performance.
The board is responsible for recruiting, nominating and appointing new board members that have the right mix of skills and abilities to help the organizations fulfill and advance its mission.
Organizational development Scaling up Organizational health