Board Management is the process of governing the board of directors (or trustees) to ensure that all members are fully informed, active and working effectively as a unit to serve the best interests of the organization. This involves adopting best practice ideas such as clear communication, effective board meeting management and a standardized decision-making framework.
The job of a board is to determine the direction of your company alongside the general manager or CEO and then regularly interact with them to make sure the company is on course to meet its objectives. The best boards consist of a diverse group of individuals with different backgrounds and skills which can assist in making the right decisions for your business.
Ideally, the board should consist of a chairperson who will conduct the meetings and represent the board at all events as well as a vice chairperson or vice chairs. This is an extremely important post and usually the more experienced members that are chosen to fill it. A good chairperson can also create a positive experience for board members by creating an environment of respectful discussions where differences of opinion are respected and taken into consideration.
The most effective boards are able to achieve the highest levels collaboration and teamwork. Open dialogue, transparency and the use of digital tools allow the board to participate effectively even when they are scattered across the globe. For instance using a portal for board members for real-time collaboration and secure document sharing allows directors to remain connected and participate in the decision-making process even when they are occupied with other obligations.