Board members are expected to dedicate an extensive amount of time to their job. Meetings can take hours and include review of financial documents, addressing legal issues, as well as strategizing about the goals of the company.

It is the obligation of a board member to put the interests of the corporation over their own personal interests in order that they are effective in representing and realize its mission. Board members must also act in good faith, and not use their position to gain personal advantage. This principle is typically reflected in the company’s regulations on governance.

Community relations are a unique responsibility of non-profit organizations. This may mean collaborating with businesses, citizens and elected officials to design new programs or initiatives. This type of engagement will also help a board be more attentive to the people it serves.

Board members are expected to follow the corporate governance guidelines. This is usually more important than their ethical statements. Board members are required to conduct their business in accordance with the rules of the company and are required to study every aspect of an issue view prior to deciding.

It is vital that a board be composed of both outsiders and insiders in order to maintain balance. A mix of both brings wide range of experiences and perspectives that can benefit a company or an organization.