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FPSB Board of Directors Job Description

Job Description - [April 2011]

Ensure that FPSB (1) achieves appropriate results for appropriate recipients at an appropriate cost (specified in Key Objectives), and (2) avoids unacceptable actions and situations. The Board of Directors will govern lawfully with an emphasis on outward vision, diversity of viewpoints, strategic leadership, clear distinction of board and chief executive roles, collective decisions, the future and proactivity.


Responsibilities
  • Develop governing policies that address the broadest levels of all organizational decisions and situations.

  • Identify the needs of the membership, and review and revise FPSB’s Strategic Plan and Key Objectives to address those needs.

  • Advocate on behalf of the membership and inform them of FPSB’s expected future results and present accomplishments.

  • Successful organizational performance on Strategic Plan/Management Limitations.

  • Per bylaws, seek ratification from Membership on appropriate matters.


Required qualifications:

  • National or international board corporate governance and strategic planning experience.

  • Ability to participate in English-language meetings.

  • Cannot hold an officer position with an FPSB Member organization while sitting on the FPSB Board of Directors.

  • Have an interest in and support FPSB’s mission and vision.


Desired qualifications include one or more of the following:

  • Experience in international business development, including developing and implementing growth strategies in new markets.

  • A background in accounting or experience serving on an audit committee.

  • CERTIFIED FINANCIAL PLANNER certification with experience in a medium to large financial services or financial planning firm.


Duties

  • Willing to serve FPSB in a fiduciary capacity.

  • Commitment to a four-year term on the FPSB Board of Directors.

  • Attend all Board meetings/conference calls.

  • Serve on at least one standing or ad hoc committee/task force.

  • Monitor activities of CEO in carrying out program goals and policies set by the Board.

  • Represent the organization positively to the global community.

  • Assist FPSB in gaining support by exercising personal and professional contacts whenever possible.


Time Commitment/Year (12 - 18 days)

Board of Directors

  • Commitment to attend two two-day meetings a year in Asia, Europe, the Middle East or the Americas (in the first year, one meeting could involve up to a four-day commitment). [4 days]

  • Four travel days to attend meetings above. 

  • Preparation time for board meetings/calls. [2.5 days] 

  • Minimum of four one/two-hour conference calls per year. [0.5 - 1 day]


Committee Work

  • Varies depending on committee. [0.5 days each quarter]

  • Committee chairpersons should expect an additional 0.5 days each quarter.


Training

  • Initial orientation session for new board members, up to two 90-minute calls. [with in-person meeting with leadership at first Board meeting]


Other Time

  • Depends on board member's assumption of responsibilities.


 
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Financial Planning Standards Board Ltd. owns the marks above outside the U.S. and permits qualified individuals to use these marks to indicate that they have met FPSB's initial and ongoing certification requirements.

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