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Preparing for Board Service? Don’t Overlook Associations
Key Points
- Association boards expose leaders to core governance responsibilities—oversight of strategy and executive officers, succession planning, and enterprise risk management—and provide critical preparation for future board service.
- Serving alongside leaders from across an industry or profession builds a high-level network and can help board members think in new ways.
- Association directors tackle major regulatory and strategic challenges, gaining perspective that benefits both their board portfolios and their current executive roles.
This AI-generated summary, based on content on this page, was reviewed by NACD editors for accuracy.
Association boards offer leaders a valuable path to build governance experience, expand networks, and make meaningful industry impact.
There is a prime opportunity to gain important governance experience that many executives overlook: trade associations and professional societies.
These entities exist for almost every sector, and they often face different strategic challenges than other nonprofit boards, including direct market competitors and significant member retention and engagement issues. These differences can make trade associations and professional societies valuable for executives looking to build critical board skills and ...
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Greg Heidrich is CEO emeritus of the Society of Actuaries.
