Joining any board is an important step regardless of the type of organisation or your level of experience. Yet many directors take this step without sufficient reflection on the possible risks in terms of personal financial liability and reputational damage, and without sufficient investigation of the particular company, industry and people involved.
The level of due diligence directors are expected to undertake is not defined. As the law’s expectation of directors’ skills, knowledge and experience increases, so too should their level of investigation before accepting a position.
Aspiring directors are advised not to let feelings of flattery at being asked to override common sense in evaluating an organisation. This goes for both for-profit and not-forprofit organisationsÂ
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