A good director must also be willing to let you know if you are losing sight of your goals. Skills and experience. Ideally, board members bring expertise that alleviates your company's shortcomings and supports your long-term goals. Of course, these will vary with each company. Perhaps your business could most benefit from board members with financial accounting expertise or an awareness of the latest developments in business management and how to streamline procedures.
Technological expertise is increasingly essential to operations.
Experience in the vicissitudes of running a company is key. Appropriate board size varies with the size of the company, but your board should be large enough to provide an authoritative outside perspective. You may want to start with a small board of at least three members and expand it as necessary. Many companies have found that a board of more than seven members becomes too large for effective deliberation and decision making. General composition of the board.