Board management is the process of governing the board of directors or trustees to ensure that they are all well-informed, engaged and working together for the benefit of the organization. This includes implementing best practice insights such as clear communication and effective management of board meetings and a clearly defined decision-making process.
A board’s job is to determine the strategic direction for your business, in conjunction with the general manager or the CEO. They will also interact with them regularly to ensure that the company is on the right track to reach its goals. The best boards are made up of a range of people who have different skills and backgrounds which can assist in making the right decisions for your company.
The ideal board would comprise a chairperson who is responsible for directing the meetings and for representing the board at events, as well as one or more vice chairs. This is an extremely important job and often it is the more experienced members that are picked for this position. A competent chairperson will ensure that board members feel respected and valued by fostering a culture that encourages respectful discussion.
The most efficient boards can achieve the highest levels of collaboration and teamwork. This is achieved through open dialogue, transparency and the use of digital tools that enable the board to engage effectively even when they’re scattered across the world. For instance using a portal for board members for real-time collaboration and secure document sharing allows directors to stay connected and participate in the decision-making process even when they are busy with other obligations.