A position as a director on a company's board needs consideration of sundry aspects relating to the firm.
If you are returning to this article, the second in the series, welcome back, else, please refer to the ten commandments of risk management for directors identified in my earlier article.
Now, let me deal with some of these risks and strategies for mitigating them. Let me dwell upon the first two rules. First, question whether it is a company that you really want to work with. Second, question whether you have the equipment and the knowledge to meet the expectations of the company and its regulators without assuming disproportionate risks. Let us take rules 1 and 2 together.
What do directors do? Simply put, they are expected to direct and that is why they are called directors. The opportunity for you to really direct will mostly depend on you and then the type of company you have been invited to and its leadership.
See full Article.
Posts
