The Board of Directors are expected to provide direction and oversight on a broad range of business issues. To accomplish this, they need to be productive in their work. This includes making decisions, completing committee tasks, and effectively managing meetings. This also includes evaluating traditional methods and introducing new ones that enhance efficiency, productivity and the effectiveness of the board.
Meeting Attendance
Meetings are held regularly and are an excellent sign of the board’s commitment to good governance, and thus to the value-creation work that the company depends on them to complete. But it’s not enough. Nell Minow, a shareholder activist, points out that “the boards of a lot of our most admired companies have poor or no attendance records.” Some of the biggest names on these boards aren’t even present at all, and when they do, are often not prepared.”
Induction programs tailored to suit your needs help bring new directors quickly up to speed with their businesses, and continual education ensures that board members are aware of industry and legal changes which could affect their duties. And a growing number of boards are establishing culture initiatives that promote transparency, trust, and collaboration to enable effective decisions and meet strategic goals.
Few boards have all the necessary expertise or skills Some boards opt to delegate part of their responsibilities by inviting non-board members with specialized experiences, skills, contacts or experience to join committees. This gives a wider variety of people to http://boardroomweb.info/performance-evaluation-for-nonprofit-organizations-how-to-nail-it contribute to the work of the board, gives professionals who are busy with an opportunity to help a cause they care about and develop their skills to be able to fill board positions in the future.
