Board Management is the process of managing the board of directors (or trustees) to ensure that all members are fully informed, active and working effectively as a unit for the good of the company. This means the implementation of best practice guidelines like clear communication, effective board meeting management and a standardized decision-making framework.
The function of a board is to establish the direction for your business alongside the general manager or CEO and regularly interact with them to ensure the business is on the right path to reach its goals. The most effective boards are comprised of a variety of people with different expertise and backgrounds that can help make good decisions for your company.
The ideal board will consist of a chairperson who will manage the meetings and represent the board at events as well as a vice chairperson or vice chairs. This is a vital job, and more experienced members are usually chosen for this role. A great chairperson will make a positive impression on board members by creating an environment of respectful discussion where different opinions are considered and respected.
The most effective boards reach the highest levels of collaboration and teamwork. This is achieved through open dialogue, transparency and the use of digital tools to enable the board to work effectively even when they’re scattered across the world. For example the board portal that allows for real-time document sharing and collaboration permits directors to stay connected and be a part of decisions even when they are juggling other obligations.
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