Role of Board of Directors Discussion

A board of directors (BOD) is a group of individuals who are elected to represent shareholders in an organization. They mandate policies, provide oversight and make decisions on major company issues. Complete a mini SWOT analysis of the pros and cons of serving on a Board of Directors. As you compose your response, consider: Who should and should not serve on a Board of Directors (BOD)? Should a BOD strive for diversity in its members? Should the CEO or other insiders be allowed to serve on the BOD? Is industry experience vital for a successful Board member? If you were on a committee to form a BOD, what would you be looking for in your members?