The Board of Directors, NBIA's governing body, comprises 15 members who are elected by the membership. NBIA's president & CEO also may appoint up to two members. It is a working board, not an honorary body. It sets policy and directs the Association’s affairs; conducts strategic planning; sets financial objectives and monitors their achievements; shapes, approves, and evaluates programs and activities of the Association; and hires and evaluates the performance of NBIA’s chief staff executives. The Board also advises NBIA staff on issues pertaining to business incubation.
Each year NBIA fills five Board positions, as one-third of the voting members rotate off the Board or seek re-election to a second term. NBIA Board members serve three-year terms and can be elected to only two consecutive terms. Terms begin Oct. 1.
Board members are elected to represent NBIA’s membership at large and not a particular nation, state, regional interest or other constituency. NBIA seeks candidates who have been active NBIA members for several years and who have sufficient professional experience to serve on an international board.
Members of the Board influence the direction of the Association, so they must first be familiar with NBIA operations, services and members. NBIA aims for a well-balanced Board representing the diverse interests of the 1,900 members of the Association. Therefore, NBIA seeks candidates from a variety of backgrounds, including different:
Candidates who are incubator managers should represent financially sound incubation programs with the resources necessary to support Board service.
The Board meets three times a year: in early fall, in midwinter and in conjunction with the Association’s annual spring conference. Should a Board member become an officer, additional meetings may be required. Board members are expected to attend all meetings; those who miss three consecutive meetings are deemed to have tendered their resignation from the Board.
Board members are not compensated for their time or travel and accommodations for Board functions. Beyond recognition for their service to the Board and the Association, Board members are not eligible for special perquisites. They do not receive compensation for or relief from normal costs associated with NBIA membership. Prospective Board members must not expect to obtain financial benefit to themselves or to businesses in which they have an interest as the result of becoming NBIA Board members.