Board Management is the process of managing a board of directors (or trustees) to ensure that all members are fully informed, engaged and functioning together to serve the best interests of the organisation. This involves the implementation of best practice guidelines such as clear communication and effective management of board meetings and a structured decision-making framework.
The role of a Board is to determine the direction of your company in conjunction with the general manager or CEO, and periodically interact with them to make sure your business is on track to achieve its goals. The best boards are comprised of a variety of people who have different skills and backgrounds that can assist in making good decisions for your company.
Idealy, the board should consist of a chairperson, who will conduct the meetings and serve as the board’s representative at events as well as vice chairpersons or vice chairs. This is an important post, and the most experienced members are often chosen for this role. A successful chairperson can ensure that board members feel respected and valued by creating an environment that encourages respectful discussion.
The most effective boards can achieve the highest levels of collaboration and teamwork. Transparency, dialogue and the use of digital tools allow the board to engage in a meaningful way even when they are spread across the world. For example a board portal that allows for real-time collaboration and sharing of documents allows directors to stay connected and actively participate in decision-making even when they have other obligations.
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