"Takes board" refers to the act of assuming control or management over a company or organization by becoming a member of its board of directors. When someone "takes board," they are appointed or elected to a position on the board, becoming responsible for helping to shape the strategic direction and decision-making process of the entity in question.
Board members are typically chosen based on their knowledge, expertise, and ability to contribute to the organization's growth and success. They hold fiduciary responsibilities to act in the best interests of the company and its shareholders or stakeholders. In some cases, taking board may involve a formal process, such as being nominated and voted on by current board members or shareholders. In other cases, it may involve being appointed by a governing body or an external authority.
Once a person takes board, they become part of a collective body responsible for setting policies, making major decisions, overseeing financial matters, and ensuring proper governance. They may also have various committees assigned to them, addressing areas such as audit, compensation, or governance. Board members often collaborate with executive teams, providing guidance and support, as well as offering their expertise and contacts to advance the organization's objectives.
Overall, taking board is a significant responsibility that comes with the expectation of contributing to the effective management and long-term success of a company or organization.
