I’ve been (or still am) a trustee of six charities over the last decade, so for Trustees’ Week I thought it might be an interesting conversation to share the things that I’ve learnt. This list is neither exhaustive nor expert (I feel like I need one of those financial advice disclaimers at this point…), but here goes.
I have learnt that…
1. Good board papers matter
You’re responsible for the strategic direction of the organisation. You need good information to make the best decisions you can. Board papers – or other formats – need to include the info you need and leave out what you don’t need.
2. Board papers don’t read themselves
3. The role is about strategy, not management
I’ve occasionally had to stop myself – or had to be stopped – from getting involved in the detail of how to take forward strategy. But I’ve got my hands dirty when asked.
4. I feel really proud to be a trustee
I get a huge amount of satisfaction from it. Which makes me wonder why organisations struggle to recruit trustees.
5. Trustees don’t look at the finances enough
That’s not because anything was ever being hidden, I think it’s because spreadsheets are hard to read. Maybe some people don’t like asking. I’ve learnt to ask stupid questions.
6. I’ve never worked out how long to stay on a board for
I hope I’ll know when I’ve reached my sell-by date.
7. Boards need to make decisions
They sometimes don’t. I’ve learnt that doing nothing is just as risky as doing something. So, helping the Chair to bring the board to agreement is more important than dying in a ditch over your preferred wording of the new vision statement.
8. I’ve learnt more about strategy and vision from being a trustee than I’ve learnt from any training course
This has made me more effective in my paid job. In fact, it’s helped me an awful lot in terms of taking on management responsibilities.
9. Board meetings can be dull
You can of course change this. A good start is to have the meaty discussions about issues or strategy at the start of the meeting.
10. Getting to know your fellow board members is incredibly important
You might only see them four times a year. Which isn’t enough to work as a team. Just as importantly, I’ve made many, many fantastic friends of fellow board members.
So, over to you…
- How to improve trustee meetings with IT (KnowHow NonProfit)
- How to recruit a top class trustee (KnowHow NonProfit)
- Trustee recruitment and selection (StudyZone course)
- Improving your governance practice (KnowHow NonProfit)
Images courtesy of the British Cartoon Archive