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Board of directors member vs owner

The differences between board of directorss member and owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a board of directors member and an owner. Additionally, an owner has an average salary of $90,334, which is higher than the $69,241 average annual salary of a board of directors member.

The top three skills for a board of directors member include financial statements, non-profit organization and oversight. The most important skills for an owner are customer service, payroll, and financial statements.

Board of directors member vs owner overview

Board Of Directors MemberOwner
Yearly salary$69,241$90,334
Hourly rate$33.29$43.43
Growth rate6%6%
Number of jobs14,96886,486
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 52%
Average age5252
Years of experience--

What does a board of directors member do?

A board of directors member's role is to represent a particular area or personnel within or outside an organization. They are primarily responsible for attending meetings, understanding concerns and giving a vote, crafting policies that would benefit the company and assets they represent, and then implementing them upon other members' approval. Furthermore, they have the power to make corporate decisions revolving around the workforce and financial matters, all in adherence to a business or organization's vision, mission, and policies.

What does an owner do?

Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.

Board of directors member vs owner salary

Board of directorss member and owners have different pay scales, as shown below.

Board Of Directors MemberOwner
Average salary$69,241$90,334
Salary rangeBetween $31,000 And $150,000Between $60,000 And $135,000
Highest paying City-New York, NY
Highest paying state-New Jersey
Best paying company-BP America Inc
Best paying industry--

Differences between board of directors member and owner education

There are a few differences between a board of directors member and an owner in terms of educational background:

Board Of Directors MemberOwner
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Board of directors member vs owner demographics

Here are the differences between board of directorss member' and owners' demographics:

Board Of Directors MemberOwner
Average age5252
Gender ratioMale, 54.9% Female, 45.1%Male, 63.1% Female, 36.9%
Race ratioBlack or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between board of directors member and owner duties and responsibilities

Board of directors member example responsibilities.

  • Manage all association's bookkeeping on QuickBooks.
  • Manage the application and qualification process with the IRS for the organization's 501c4 tax exempt status.
  • Assume leadership of demoralize congregation and accomplish a restoration of church membership confidence and public relations within the community.
  • Interface with OSHA, IRS, CPA external auditor, commercial banks, and outside vendors.
  • Provide direct oversight of all CRM activities.
  • Research and file documents to incorporate and receive IRS non-profit status.
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Owner example responsibilities.

  • Manage web content and a PHP / MySQL application.
  • Create and develop a website to help clients easily manage their instagram account to gain exposure.
  • Execute all social media marketing and manage the company Facebook page/campaigns.
  • Manage human resource functions by generating payroll, scheduling and upholding company policies.
  • License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Show more

Board of directors member vs owner skills

Common board of directors member skills
  • Financial Statements, 16%
  • Non-Profit Organization, 16%
  • Oversight, 11%
  • Community Outreach, 6%
  • Governance, 5%
  • Strategic Direction, 4%
Common owner skills
  • Customer Service, 25%
  • Payroll, 17%
  • Financial Statements, 8%
  • Product Development, 7%
  • Real Estate, 3%
  • Business Development, 3%

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