Board Management Effectiveness

Effectiveness of management at the board level is a key aspect of board governance. The effectiveness of a board is determined by a variety of aspects, including its composition (the appropriate mix of expertise and experiences) and the effectiveness of meetings as well as the culture of open communication and the capacity to engage in real conversations particularly difficult ones. The more effective a Board’s performance more effective, the better it is able to establish strategic direction and challenge performance of an organization.

Self-assessment for board members every year ranges from a simple director questionnaire, to an extensive interview http://yourboardroom.net/can-board-meetings-be-held-virtually process, typically performed by a third party, that can provide insights into the dynamics of the board and overall level of maturity. These assessments can help boards know how they stack up against best practices and formulate plans of action in areas that require improvement.

One of the most important factors in achieving board management effectiveness is to create a culture of collaboration that allows directors to view themselves as collaborators and not as adversaries. This can be accomplished by training on board development and through encouraging a refreshment of the board, such as the willingness to reconsider mandatory retirement schedules and term limits.

Another way to boost efficiency between meetings is to allowing directors access to and communicate with one another via dedicated communication tools like discussion boards and remote voting. This will reduce the time-consuming face-toface discussions and help ensure that every action item and task are completed in a timely manner. Board members are able to spend less time doing administrative tasks and spend more time directing changes.