Board Management is the process of governing a board of directors (or trustees) to ensure that all members are fully informed, engaged and working well as a unit for the benefit of the organization. This includes applying best practices such as clear communication effective management of board meetings and a well-structured decision-making framework.
The job of a board is to establish the direction of your company, along with the general manager or CEO and then regularly interact with them to ensure that the company is on track to achieve its goals. The best boards are made up of a range of people with different skills and backgrounds that can assist in making good decisions for your company.
Ideally, the board should consist of a chairperson who is responsible for directing the meetings and for representing the board at events, and one or more vice chairs. This is a crucial position and it’s often the more experienced members that are picked for this position. A competent chairperson can provide a positive experience for board members by creating an environment of discussions where differences of opinion are valued and considered.
The most effective boards achieve the highest levels in collaboration and teamwork. This is achieved through transparent dialogue, openness and the use of digital tools to allow the board members to effectively engage even when they are spread across the globe. For example the board portal that permits real-time document sharing and collaboration enables directors to remain connected and actively participate in the decision-making process even when they have other obligations.
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