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Many CEOs express interest in joining a board of directors, but before proceeding, it's essential to ask a couple of key questions. First, consider the motivation for joining: if it's primarily for money, it may not be the right choice, as compensation is often limited compared to the time and intellectual engagement involved. Ideally, passion for the company and the opportunity for growth should precede financial gain. Second, assess what you can contribute to the board. Each board has specific needs, such as expertise in finance or market understanding, and it's crucial to ensure your skills align with those requirements.
