The Value of a Board
By: Rick Boxx
May 6, 2015
One of the most underutilized concepts in most small businesses is the Board of Directors. Even though a large percentage of for-profit businesses are formed as Subchapter S or Limited Liability Corporations that legally require a board, very few have legitimate boards or board meetings.
Many of them have elected the owner as the Chairman and their spouse as the Treasurer. The organizations that have taken seriously the responsibility to form a Board of Directors have usually experienced several great benefits, including wisdom, specialized expertise, and accountability to a group who desires your success.
Proverbs 11:14 teaches, “Where there is no guidance the people fall, But in abundance of counselors there is victory.”
If you own a small business, don’t overlook the value in forming a legitimate board with independent wise counselors.
Learn more about Rick Boxx and Integrity Resource Center