Board Management is the process of governing a board of directors (or trustees) to ensure that all members are fully informed, active and working together to serve the best interests of the organization. This involves implementing the best practices like clear communication and efficient management of board meetings.
The job of a board is to establish the direction of your company in conjunction with the general manager or CEO, and periodically interact with them to make sure the business is on the right path to reach its goals. The best boards consist from a mix of people with different skills and backgrounds that can assist in making good decisions for your company.
The ideal board would consist of a chairperson who will run the meetings and represent the board at all events as well as a vice chairperson or vice chairs. This is an important position, and the more experienced members are often chosen for this position. A great chairperson will create a positive experience for board members by fostering an atmosphere of respectful discussion where different opinions are valued and considered.
The most effective boards attain the highest levels of collaboration and teamwork. Transparency, dialogue, and the use digital tools enable the board to engage in a meaningful way when they are located across the globe. For example using a board portal 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 busy with other obligations.