Board certified: nonprofit service can help prepare you for corporate appointments. (Making Connections).Aside from being a career highpoint, landing a seat on a corporate board is an excellent opportunity to meet and network with high-level executives and industry leaders. Board members can also earn anywhere from $45,000 to $150,000 a year in cash and stock. They are expected to help companies meet their financial goals and satisfy shareholders, so those looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the opportunity should possess certain skills, such as having high-level corporate financial experience and expertise specific to a company's needs. One way to get the necessary experience is to become a board member for a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. . Nonprofits, some of which are required by law to have a board of directors, can run the gamut in terms of who they service, from international relief organizations, such as the Red Cross, to civil rights advocacy groups and professional organizations. That's where 59-year-old James Kaiser started. In 1982 Kaiser was elected to his first nonprofit board at Corning Hospital while working as a business manager for Corning Inc. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Four years later he became a board member of the Washington, D.C.-based Executive Leadership Council, a nonprofit organization of African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. executives. Since becoming an ELC ELC Early Learning Centre (UK) ELC Environmental Law Centre (Canada) ELC Environmental Learning Center (Vero Beach, FL) ELC Education Law Center ELC Early Learning Coalition board member, Kaiser says he has developed into an effective fund-raiser and gained tremendous contacts. He is presently chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of his own company, Avenir Partners Inc., a Lexus automobile franchise in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. . Kaiser, who retired from Corning in 1996 after a distinguished 30-year career, says sitting on a nonprofit board is a great way to learn how they are run. As a result of his nonprofit board position, Kaiser was tapped for his first corporate board position at DowCorning. He now sits on the boards of Sunoco Inc. and MeadWestvaco. Judy Smith, a principal with the management consultant firm Booz Allen Hamilton Booz Allen Hamilton, Inc., referred to as Booz Allen is one of the oldest strategy consulting firms in the world.[1] The firm formerly had two consulting divisions: WCB (Worldwide Commercial Business, also known as “The Commercial Side”) and WTB in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. , uses her financial expertise to help The Women's Center in Vienna, Virginia Vienna is a town in Fairfax County, Virginia, United States. The population was 14,453 at the 2000 census and it has grown by about 3% since[1]. In July of 2005, CNN/Money and Money . As co-chair of the nonprofit's finance committee, Smith provides advice on raising money, balancing spending, and generating revenue. "I chose The Women's Center because I wanted a way to return to the community and help women," says Smith, who eventually hopes to sit on a corporate board. Kaiser found another benefit. While working at Corning and serving on the board of the Corning Hospital, Kaiser worked with high-level executives who were also board members, including his division manager. "It gave me a different kind of access to my boss, and the vice president of HR was also on the board," he says. "I could demonstrate a different level of skill." When choosing an organization, experts suggest contacting the executive director, a board member, or signing up as a volunteer to get a feel for the organization and to understand fiduciary responsibilities. Roger Kenny, managing partner of Boardroom Consultants, a New York City-based agency that recruits directors to head up corporate boards, suggests that when you start looking for a nonprofit board, identify one with real decision making power and avoid a board that functions solely as a "figure head." Once you become a member of a board, aim to become a member of the executive committee, which includes the president, secretary, and treasurer. Serving on the executive committee provides better networking opportunities with influential members of the community. While serving on a nonprofit board is no guarantee you'll be tapped for corporate board service, it can increase your professional skills and visibility, says Kaiser. "You have to know people and be known," he says. "Nonprofits help you develop a broader contact base in the community." |
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