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How much do board of directors jobs pay per year?

As of Sep 5, 2026, the average yearly pay for board of directors in the United States is $177,122.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,500.00 and $223,500.00 per year, depending on experience, location, and employer.

What are the responsibilities of a board of directors?

A Board of Directors is a group of individuals elected to represent shareholders and oversee the overall direction, governance, and strategy of an organization. Their key responsibilities include setting organizational policies, hiring and evaluating the CEO or executive director, ensuring financial health and compliance, and making major decisions such as mergers or acquisitions. The board acts in the best interests of stakeholders and provides guidance and oversight to help the organization achieve its mission and goals.

What are the key skills and qualifications needed to thrive as a board of directors member?

To excel as a Board of Directors member, you typically need extensive leadership experience, strategic decision-making skills, and a solid understanding of corporate governance, often complemented by relevant industry expertise or advanced degrees. Familiarity with board management software, financial reporting systems, and regulatory compliance tools is also important. Strong interpersonal, communication, and critical thinking skills help foster effective collaboration and sound judgment in guiding the organization's direction. These abilities are crucial for ensuring responsible oversight, driving sustainable growth, and upholding stakeholder trust.

What are some common challenges faced by members of a board of directors in balancing oversight and strategic guidance?

Board members often navigate the challenge of providing effective oversight while also contributing valuable strategic direction. This balance requires understanding when to step back and allow management to handle day-to-day operations, while also knowing when to ask probing questions or offer guidance on long-term planning. Additionally, directors must collaborate with diverse stakeholders, manage potential conflicts of interest, and stay informed about industry trends to make well-rounded decisions. Building strong relationships with fellow board members and executive leadership is key to overcoming these challenges and promoting organizational success.

What is the difference between Board Of Directors vs Corporate Secretary?

AspectBoard Of DirectorsCorporate Secretary
Primary RoleGovernance and oversight of the organizationEnsures compliance, manages board communications, and maintains records
Required CredentialsExperience in governance, leadership, or industry expertiseLegal or corporate governance knowledge, often with legal or administrative background
Work EnvironmentBoard meetings, strategic planning sessionsAdministrative office, legal compliance tasks
Employer & Industry UsageBoards of corporations, nonprofits, and organizationsCorporate entities, especially publicly traded companies

The Board Of Directors provides strategic oversight and governance, while the Corporate Secretary handles administrative duties, legal compliance, and communication with the board. Both roles are essential for effective corporate governance but focus on different responsibilities within the organization.

How do you get a job on a board of directors?

To get a position on a board of directors, candidates typically need significant experience in the industry, strong leadership skills, and a professional network that can recommend or endorse them. Many board members are recruited through executive search firms or industry connections, and some roles require prior board experience or relevant certifications such as governance training.

How much do boards of directors make?

Compensation for boards of directors varies widely depending on the size and type of organization. Directors of large publicly traded companies often receive annual retainers ranging from $50,000 to over $300,000, plus additional fees for committee work and meeting attendance. In nonprofit or smaller organizations, compensation may be minimal or voluntary, with some directors receiving stipends or expense reimbursements.

What is the job of the board of directors?

The board of directors is responsible for overseeing the overall management and strategic direction of an organization. They make high-level decisions, ensure financial accountability, and appoint executive leaders. Board members often review reports, set policies, and ensure the organization complies with legal and ethical standards.

What qualifications do you need to be on a board of directors?

To serve on a board of directors, candidates typically need relevant industry experience, strong leadership skills, and a good understanding of corporate governance. Many boards also value prior experience as an executive or director, along with relevant education or certifications, such as an MBA or CPA. Additionally, independence and the ability to commit time to board responsibilities are important considerations.
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Board Of Directors jobs near you
Infographic showing various Board Of Directors job openings in the United States as of August 2026, with employment types broken down into 1% Locum Tenens, 2% As Needed, 80% Full Time, 15% Part Time, and 2% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $177,122 per year, or $85.2 per hour.

Board of Directors Member - Volunteer

Affinity Plus Federal Credit Union

Mankato, MN • On-site

Full-time

Posted 18 days ago

Job description

Affinity Plus Board of Directors Member (Volunteer)

Help Shape the Future of Affinity Plus

Affinity Plus Federal Credit Union is seeking passionate, forward-thinking leaders to serve as volunteer members of our Board of Directors. As a member-owned financial cooperative, Affinity Plus is governed by a Board elected from and by its membership. Directors play a key role in representing members' interests, providing strategic oversight, and helping ensure the long-term success of the organization.

About Affinity Plus

Affinity Plus is dedicated to improving the financial lives of our members through a cooperative, member-focused approach. Our nine-member Board brings together leaders from diverse backgrounds and experiences to guide the organization's strategy, governance, and future growth.
Position Summary

As a volunteer member of the Board of Directors, you will provide governance oversight and strategic leadership for Affinity Plus. Directors work collaboratively with fellow Board members and executive leadership to support organizational success, monitor performance, and ensure the credit union remains financially sound and member-focused.


Key Responsibilities

Board members are expected to:
• Contribute to the development and oversight of Affinity Plus's long-term strategic vision.
• Review and approve organizational policies, annual budgets, and major initiatives.
• Monitor organizational performance and financial health.
• Evaluate and support the performance of the President/CEO.
• Identify opportunities to strengthen Affinity Plus and advance the credit union movement.
• Uphold fiduciary responsibilities and act in the best interests of the membership.
• Serve as ambassadors for Affinity Plus and its cooperative values.


Qualifications
We welcome candidates from a variety of backgrounds and experiences. To ensure diverse perspectives and strong representation of our membership, we are particularly interested in individuals who live in Greater Minnesota communities and those who bring experience in legal, entrepreneurial/small business, or marketing disciplines.

Successful candidates will demonstrate:
• Finance experience.
• A commitment to cooperative principles and member-focused service.
• Previous board, governance, or nonprofit leadership experience.
• Strategic planning and organizational leadership expertise.
• An understanding of the diverse communities served by Affinity Plus.
• Awareness of risks, opportunities, and emerging trends within financial services.
• An appreciation for the role financial well-being plays in strengthening individuals, families, and communities.
• Curiosity, sound judgment, and a willingness to learn.
• The ability to dedicate the time and energy necessary to fulfill Board responsibilities.
 
Preferred Experience
While not required, we are especially interested in candidates who bring expertise in one or more of the following areas:
• Legal, regulatory, compliance, or risk management experience
• Technology, IT and AI experience
• Entrepreneurship, small business ownership, or small business leadership
• Marketing, brand strategy, communications, public relations, or member/customer engagement
• Leadership experience within Greater Minnesota communities, helping ensure the Board reflects the geographic diversity of our membership

Most importantly, we seek leaders who are passionate about helping people improve their financial lives and who are committed to advancing Affinity Plus's mission, values, and cooperative purpose.

Time Commitment

Board Meetings
• Monthly meetings, typically held on the fourth Tuesday of each month.
• Approximately 3-4 hours per meeting.
• Combination of in-person and virtual participation.
• Advance review of meeting materials required.
• Regular attendance and active participation expected.

Committee Service
Directors serve on at least one Board committee, including:
• Governance Committee
• Nominating Committee
• Executive Committee
Committee participation generally requires an additional 2-4 hours per month.


Annual Strategic Planning
This collaborative session helps establish priorities and guide the future direction of Affinity Plus.
• Participation in an annual full-day strategic planning session.
• Typically held each September.


Board Education and Development
Affinity Plus is committed to supporting Board member growth and development through educational opportunities, conferences, and industry seminars.

As a federally regulated credit union, Affinity Plus operates under National Credit Union Administration (NCUA) requirements. Directors are expected to develop and maintain a working knowledge of:

• Financial statements, including balance sheets and income statements
• Credit union governance and operations
• Regulatory and compliance considerations
• Risk management and strategic oversight

Directors should be prepared to actively participate in ongoing education to strengthen their effectiveness as Board leaders and ensure compliance with NCUA expectations.


Eligibility Requirements

Applicants must:
• Be at least 18 years old.
• Be an Affinity Plus member in good standing, or become a member after assuming Board responsibilities.
• Meet attendance, participation, and educational expectations.
• Successfully complete required background, credit, and reference checks.
• Be eligible for bonding under Affinity Plus insurance requirements.

Term of Service
• Directors serve three-year elected terms.
• The successful candidate will begin service in March 2027 following the Annual Meeting.


Why Serve on the Board?
Serving on the Affinity Plus Board of Directors is an opportunity to make a meaningful impact on a member-owned organization that improves the financial well-being of individuals, families, and communities across Minnesota. You'll contribute your leadership experience, help shape strategic decisions, and support the continued success of one of Minnesota's leading credit unions.

If you are passionate about cooperative values, strategic leadership, and improving the financial well-being of individuals and communities across Minnesota, we encourage you to apply and help shape the future of Affinity Plus.


Applications will close on Friday, September 11th.