Board Directors are the core of any business. They provide the oversight and direction to help CEOs run their business effectively for the those who are involved. It is a great privilege and for those who want to make a contribution to the world, it can be an enjoyable experience. It tests your leadership abilities and requires you to step outside of your comfort zone and enables you to form close bonds with fellow board members. It also exposes weaknesses you didn't realize you had and helps you overcome these weaknesses.

While there are many advantages to being on a board but almost all boards have to have to face major challenges at some point. This article will examine five of the most common challenges Boards confront, and how they can tackle these issues.

1. New Non-Exec Directors

It is vital that non-executive directors joining a board of directors the first time prepare themselves appropriately. In the past, a process of introducing new best online fundraising platform board members was done by giving them a massive stack of reading materials that contained everything they'd need to learn about the company as well as the board.

It is essential to interact with them individually, because companies are changing rapidly and many non-executive directors have diverse background. This can be done via phone calls, video chat, LinkedIn message personalised or more importantly, in person. This will help them realize how they can bring value to the first board meeting and establish relationships with other directors.