Making a difference as a FASA Board member

Serving on the Board should be seen as a privilege and be taken seriously as Board members provide strategic direction, make decisions and oversee FASA’s financial health and well-being. This is a voluntary position that requires time and commitment. By joining the Board of FASA as a Director, the member becomes part of a group of individuals that represent member companies and jointly oversee the activities of FASA. FASA looks for members who are enthusiastic about FASA’s goals and can commit to attending regular meetings, attend FASA events, sharing expertise, and helping FASA achieve its vision.

Those that join the Board of FASA as a Director become part of a group of individuals that represent member companies and jointly oversee the activities of FASA.

Serving on the board is a unique opportunity to:

Play an active role in strategic decision-making.
Collaborate with passionate individuals committed to FASA’s mission.
Make a lasting impact in the franchising sector.

Being a member of the FASA Board is a serious responsibility, and as directors they must adhere to a standards of conduct set out in the Companies Act, including acting in good faith and for a proper purpose, in the best interest of the company, and with a degree of care, skill, and diligence that may be reasonably expected of a person in that position. In addition, as a director, they may be held accountable for any loss, damages, or costs sustained by the Company as a consequence of any breach of your duty. See the article in this newsletter that deals with directors’ legal responsibilities that applies to all companies.

The rewards of serving on the FASA Board, however, are numerous:

Improved company’s brand equity
Improved personal profile
Media opportunities
Widening of business network
Personal development in acquiring new business knowledge and information

What are the responsibilities of Board members and what is expected of Board members:

Attend Board member meetings regularly
Attend FASA’s virtual networking events regularly.
Be active on social media and support FASA platforms.
Review and comment on minutes.
Report to stakeholders on the organisation’s performance.
Participate in stakeholders’ Events and programmes in furtherance of FASA’s objectives.
Required to always keep all Board discussions confidential, unless otherwise advised.