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16 Feb 2023, 13:04 GMT+10
An influential board leader can steer a business to greater heights by effectively guiding the company's strategy and direction. This can include setting clear goals and objectives for the company, aligning the management team's efforts, and making important decisions that help the business grow and succeed.
In addition to technical skills like effective communication, the ability to identify and mitigate potential risks and opportunities, and leadership skills, an effective board leader should also possess a strong moral and ethical compass to act in favor of the company and its stakeholders.
Significant Qualities of a Good Board Member
The key qualities that are essential for a board member include:
Having a good combination of these qualities allows the board member to be better equipped to make sound strategic decisions, oversee the organization's management, and be able to represent the interests of the stakeholders.
Should a Business Leader be Influential?
A business leader should be influential in guiding and leading the organization effectively. Influence allows a leader to inspire and motivate others, set a clear direction for the organization, and unite people to achieve common goals.
An influential leader can help to build a solid and committed team, foster a positive corporate culture, and create a sense of shared purpose among employees. For example, Bruce Buchanan, Rokt CEO, was nominated as one of the Business Insider's Top Retail Tech Power Players for 2022. He has achieved this by collaborating with the organization's team members to oversee the company's vision, mission, and values to internal and external stakeholders.
Being influential also allows a business leader to effectively build relationships, manage risks and leverage opportunities, and create a positive reputation for the organization in the market. This power can be vital in today's rapidly changing and highly competitive business environment, where organizations must be agile and responsive to stay ahead of the curve.
However, being influential does not mean a leader should be authoritarian. They should balance it with good listening, empathy, and responsiveness to the team and stakeholders' feedback and concerns. Finally, a leader's influence should be based on respect, trust, and integrity.
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