Board management is the process of managing the trustees or board of directors to ensure that they are all fully informed, active and working well for the benefit of the organization. This includes implementing best practices, such as clear communication and effective board meeting management.
The role of a board is to establish the direction for your company alongside the general manager or CEO and regularly interact with them to ensure that your business is on the right path to reach its goals. The best boards have a variety of skills and experiences that can help them make great decisions for your business.
Ideally, the board will consist of one chairperson, who is accountable for the running of the meetings and for representing the board at events, and one or more vice chairs. This is a vital post and usually those with more experience who are selected for it. A competent chairperson will make sure that board members feel respected and valued by fostering an atmosphere that encourages respectful discussion.
The most effective boards are able to achieve the highest levels collaboration and teamwork. Transparency, open dialogue and the use of digital tools allow the board to engage in a meaningful manner even when they are located across the world. For instance the board portal that permits real-time collaboration and sharing of documents allows directors to remain connected and actively participate in decision-making even when they have other obligations.