Board management is the process of governing the trustees or board of directors to ensure that they are well-informed, engaged, and working well together for the benefit of the organisation. This means applying best practices such as clear communication and effective management of board meetings and a clearly defined decision-making process.
The role of a board is to determine the direction of your company, alongside the general manager or the CEO. They will also interact with them frequently to ensure that the company is on the right track in achieving its goals. The best boards are comprised of a diverse group of individuals with different expertise and backgrounds that can assist in making good decisions for your business.
The ideal board will comprise a chairperson who is in charge of the meetings and be the representative of the board at events as well as a vice chairperson or vice chairs. This is a vital job and often it is the most experienced members who are chosen for it. A great chairperson will make a positive impression on board members by creating an environment of respectful discussions where differences of opinion are considered and respected.
The most effective boards can achieve the highest levels of collaboration and teamwork. Transparency, open discussion, and the use digital tools allows the board to interact in a meaningful manner even when they are located across the globe. For instance using a portal for board members for real-time collaboration and secure document sharing enables directors to remain connected and be involved in the decision-making process even when they are occupied with other commitments.
