What is Board Management?
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Board management is the process of managing the trustees or board of directors to ensure that they are fully informed, engaged and working effectively for the good of an organisation. This includes implementing the best methods, including clear communication and efficient management of board meetings.
The role of a board is to determine the direction of your business alongside the general manager or CEO, and periodically interact with them to make sure the business is on course to meet its objectives. The most effective boards are composed of a wide range of abilities and experiences that help them make the best decisions for your company.
The ideal board would be composed of the chairperson, who is responsible for running the meetings as well as representing the board at all events, and one or more vice chairs. This is a crucial position and it’s often those with more experience who are picked for this position. A great chairperson will make the board members feel valued and respected by creating an environment that encourages respectful discussion.
The most effective boards can achieve the highest levels collaboration and teamwork. Transparency, open dialogue, and the use digital tools enable the board to engage in a meaningful way even when they are located across the globe. For example an online portal for board members that allows for real-time collaboration and sharing of documents allows directors to stay connected and actively participate in decisions even when they are juggling other obligations.
