Article Collaboration – Jeannine Bennett & Sandra Allison

Board Leadership

Breaking into the world of board leadership can be a game-changer, but navigating the different types of board opportunities can be overwhelming. Whether you’re aiming for a corporate role or looking to make a difference through a nonprofit service, finding the right fit is crucial. Let’s break down the most common types of boards, where they differ, and what you can do now to start positioning yourself for these coveted roles.

1. Corporate Boards: Where Leadership Meets Strategy

Corporate boards are the crown jewels of opportunities. These leaders are the decision-making body tasked with setting a public or private company’s strategic direction. They oversee everything from governance and compliance to long-term growth.

Public Company Boards: These boards govern publicly traded companies. These companies come with high responsibilities—and high rewards. As a board member, you’ll need to ensure compliance with financial regulations and protect shareholder interests. The compensation? A mix of cash and equity makes this one of the most lucrative board roles.

Private Company Boards: Slightly more flexible, these boards focus on steering privately held companies. They may not face as many regulatory requirements as public boards but are just as involved in strategic decision-making.

Pro Tip: Want to land a spot on a corporate board? Attend exclusive networking events.

2. Nonprofit or NGO Boards: Lead with Purpose

Looking to make an impact beyond the bottom line? Nonprofit and NGO (non-governmental organization) boards allow you to channel your leadership skills into causes that matter. Whether it’s a charity, arts organization, educational institution, or an NGO, these boards play a critical role in governance, strategy, and fundraising.

While most nonprofit board roles are volunteer-based, don’t let that discourage you—serving on a nonprofit or NGO board can be incredibly rewarding and a powerful stepping-stone to future corporate board opportunities. NGOs range from small neighborhood food pantries to large multinational organizations. These mission-driven, public service-focused entities influence public policy and social impact in significant ways, often offering board members a chance to shape large-scale initiatives. Unlike smaller nonprofits, members of large NGO boards are sometimes compensated for their contributions.

Pro Tip: Nonprofit and NGO boards are excellent for building your governance experience. You’ll also expand your network and make a tangible difference in your community—and possibly, the world.

3. Advisory Boards: Provide Strategic Expertise Without the Pressure

According to the Advisory Board Centre, advisory boards are useful for scaling businesses through to larger entities like emerging corporates, multinationals, non-profits, academia, and government. A well-structured advisory board with best practice principles allows people in the organization to test their strategic thinking and access expertise or connections that may not be readily available via other means.

If you have specialized knowledge but don’t want heavy governance responsibilities, an advisory board might be perfect for you. Unlike corporate boards, advisory boards don’t have legal or fiduciary obligations and don’t vote. Instead, they offer valuable insights and strategic advice, often to start-ups or growing companies.

These roles are less about governance and more about providing specific expertise in areas like market strategy, product development, or operations. You’re not tied to the company’s decision-making, so the stakes are lower, but your influence can be enormous.

Pro Tip: If you’re looking to expand your influence without the weight of formal governance, target advisory board positions in industries where you’re already an expert. It’s also a great way to explore industries you’re passionate about.

4. Private Equity and Venture Capital Boards: High Risk, High Reward

For those who thrive in fast-paced environments, serving on a Private Equity or Venture Capital Board offers excitement and high rewards. These boards are typically made up of investors and stakeholders who work closely with the company to accelerate growth, often aiming for an eventual sale or IPO (Initial Public Offering.)

These roles demand deep involvement in decisions to drive profitability and scale. Compensation often includes equity, which can translate into a significant payout if the company succeeds.

Pro Tip: Have experience in scaling businesses or financial expertise? Private equity and venture capital boards could be the perfect arena for your talents but be prepared for the rapid pace and high expectations.

5. Quasi-Governmental Boards: Serve the Public Good

Serving on a Quasi-Governmental Board can be a highly influential position. These boards oversee organizations or entities that are either fully or partially owned by the government, such as public service agencies or infrastructure projects. These boards often focus on public interest, ensuring that public resources are managed effectively. If you’re passionate about shaping public policy or serving the greater good, this could be a great fit.

Pro Tip: If you have experience in public sector leadership, government boards offer a unique opportunity to blend business savvy with public service.

6. Family-Owned Business Boards: Balancing Legacy and Strategy

If you enjoy navigating complex interpersonal dynamics, serving on a Family-Owned Business Board can offer a rewarding challenge. These boards focus not only on growing the company but also on preserving family values and legacy.

Board members are expected to offer outside expertise while being sensitive to the family’s culture and goals. Succession planning and governance play a huge role here, making these positions both unique and challenging.

Pro Tip: Experience in family business dynamics or conflict resolution is invaluable for these roles. Emphasize your ability to balance business strategy with interpersonal relationships.

Final Thoughts

Whether you’re aiming for a high-profile corporate board seat or looking to contribute your expertise to a nonprofit, understanding the different types of board opportunities is the first step. Each type of board comes with its responsibilities, rewards, and challenges. By aligning your strengths and goals with the right type of board, you’ll be well on your way to landing a role that not only boosts your career but also offers the chance to make a significant impact.

Board Resume Writing: A Strategic Partnership

With decades of combined experience, Sandra Allison and Jeannine Bennett have formed a strategic partnership to provide specialized resume writing services for executives, C-suite leaders, and board candidates. Together, they offer expert branding, resume, and LinkedIn strategies tailored for high-impact roles on Corporate and Nonprofit Boards.

Combining deep expertise in personal branding, leadership transitions, and board-level positioning, their collaborative approach ensures your unique strengths stand out to decision-makers and executive search firms. Whether you’re aiming to elevate your career or secure a board seat, Sandra and Jeannine have the insights and experience to get you there.