Board Directors are at the core of any business. They provide the oversight and direction that CEOs require in order to run their businesses effectively for stakeholders. It’s a wonderful privilege, and for those who are looking to make a positive impact on the world, it can be a rewarding time. It challenges your leadership abilities and forces you to step out of your comfort zone and allows you to develop close friendships with other board members. It also reveals weaknesses that you didn’t realize you had and teaches you how to overcome these weaknesses.

While the perks of sitting on a board are numerous however, there are some significant issues that all boards have to navigate at some time. This article will discuss five of the most frequently encountered challenges that Boards face and how they can overcome them.

1. New Non-Exec Directors

For directors who are not executive members joining an organization for the first time, it’s crucial to prepare properly. In the past the new board members were onboarded by giving them the necessary reading materials that included all the details they required to know about the board as well as the business.

It is important to engage with them individually, because companies are changing rapidly and many non-executive directors have a different background. That click reference can be done through calls or video chat, personal LinkedIn message or, even more importantly, face-to-face. This will help them discover how they can add value to their first board meeting, and build relationships with the other directors.