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As a once and soon-to-be-again business school dean, I can heartily recommend it. You’ll be asked to provide input on curricula, maybe provide an internship at your firm, and, eventually, contribute some dough, perhaps $500-$1000 a year, or if a wealthy school, more.
Like all nonprofit boards, but especially for b-schools and top universities, it will provide excellent networking opportunities with your fellow board members. You may even learn stuff that will enhance your career.
Thank you very much for sharing your wisdom and insight!
Why don't you just ask them?
The meeting is on the books so that I can, but it’s a few weeks away. Always good to get an outside perspective though.