By Ian Joseph, Chief Executive, Trustees Unlimited
A survey last year by Pilotlight, a charity that connects the business and charitable world, revealed that 90 per cent of business leaders said that volunteering their time and skills to charity made them happier and improved their business skills. The findings also showed that although 8 in 10 senior executives got involved with charities to ‘give something back’, nearly two-thirds (62%) found it increased their own job satisfaction.
Volunteering as a trustee provides an opportunity to do something different, to learn new skills and work alongside people from different backgrounds and cultures with new perspectives. It’s also a chance for executives to bring greater commercial acumen onto charity boards.
Many senior executives in the private sector would like to take up a trusteeship or other volunteer roles in the charity and non-profit sectors as a way of enhancing their skills or giving something back to society, and demand for executives with professional skills on charity boards has never been higher.
Currently, there are 161,000 registered charities in the UK, with 800,000 staff and over 14 million volunteers and yet an estimated one in five has a trustee vacancy on their boards. Many charities need trustees with leadership and professional skills.
There is a huge range of charities working in the UK and internationally, so there is something to suit everyone’s interests and passions. Charity boards benefit enormously from professional people who bring a broad range of skills and business people who become trustees can gain valuable skills at the same time – it’s a win-win.
However, there can be more to a trusteeship than people think and before taking on a trusteeship people need to do their research thoroughly on what the role entails, especially the legal responsibilities.
In ‘Bridging the Gap: moving onto non-profit boards’ co-author Denise Fellows, Director of Consultancy and Talent Development at the Centre for Charity Effectiveness, Cass Business School points out that, “the culture of the non-profit sector is different from that of the private sector. It is not better or worse, just different, and it is helpful to understand how to navigate the disparities.”
Many people from the private sector approach opportunities to serve in the non-profit sector with good intentions and with the expectation that their significant experience and wisdom will be gratefully accepted.
As already highlighted people often talk in terms of wanting ‘to give something back’. It can however, be a shock to find that their sincere intentions are perceived as patronising and are rejected or, worse, that they are treated as some kind of outcast with no real understanding of what is happening.
One of the first things to consider is why you want to become a trustee. Research has shown that the reasons are often mixed, with one survey of potential and existing trustees suggesting that there are often mixed motives, notably 30 per cent keen to learn new skills 30 per cent passionate about a particular cause. Making sure you understand your own motivations, as well as the role of trustee is crucial.
One mistake people sometimes make is to leave their professional skills at the door of the boardroom. If a person has been fortunate enough to have been trained in accountancy, for example, and has had many years of investment in that training, it would be a great pity for that individual to not use their expertise and to sit on the finance committee or become the honorary treasurer.
If people are seriously exploring trustee opportunities then it is crucial they understand all the implications so they are as prepared as possible, and doing it for all the right reasons.