What is Board Management? Leave a comment

Board Management is the process of managing a board of directors (or trustees) to ensure that all members are informed, engaged and working well as a unit to serve the best interests of the company. This means adopting best practice ideas like clear communication and effective management of board meetings and a structured decision-making framework.

The function of a board is to set the direction of your company alongside the general manager or CEO and to regularly communicate with them to ensure the company is on the right course to meet its objectives. The best boards are made up of a range of people who have different skills and backgrounds that can assist in making good decisions for your business.

The ideal board will consist of a chairperson, who is accountable for the running of the meetings and representing the board at any events, and one or more vice chairs. This is a vital role and it’s usually the more experienced members who are selected for it. A successful chairperson can make the board members feel respected and valued by fostering a culture of respectful conversation.

The most effective boards have the highest levels of collaboration and teamwork. Transparency, open discussion, and the use digital tools allows the board members to engage effectively even when they are scattered across the world. For example an online portal for board members that allows for Boardroom Meetings real-time document sharing and collaboration allows directors to stay connected and actively participate in decisions even when they are juggling other obligations.