Board management is the process of governing the trustees or board of directors to ensure that they are well-informed, engaged and working well for the benefit of the organisation. This includes implementing best practice insights like clear communication and effective management of board meetings and a well-structured decision-making framework.
The role of a board is to establish the direction for 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 from a mix of people with different backgrounds and skills that can assist in making sound decisions for your company.
The ideal board would be comprised of a chairperson, who is accountable for the running of the meetings and representing the board at events, as well as one or more vice chairs. This is a very important post and usually those with more experience who are chosen to fill it. A good chairperson can also provide a positive experience for board members by creating an environment of respectable dialog where opinions of different people are respected and taken into consideration.
The most effective boards are able to achieve the highest levels collaboration and teamwork. This is achieved through transparency, open dialogue and the use of digital tools that allow the board to engage effectively even when they are scattered across the world. For example the board portal that permits real-time collaboration and sharing of documents allows directors to stay connected and participate in decision-making even when they have other obligations.
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