Key Characteristics of Good Board Management

A good board management system is based on the board’s structure, culture and the decision-making process as in the management of its employees. The main characteristics of effective management include a shrewd approach to behavior and a clear understanding of the board’s roles and obligations. Furthermore, boards that are effective can recognize when they need new blood and redirect their efforts.

Respecting the institution as well as its management and the staff members is an element of the right conduct. Furthermore, the board’s role should be viewed as an obligation to the community. It is crucial to distinguish between management and governance as well as understand the impact of a board’s decisions on other members.

A robust policy-making process and a clear understanding of the role of the board are crucial. Policy is necessary to enable boards to fulfill their 3 primary roles-setting strategy, making significant and strategic decisions and overseeing the work of the company. Effective policies help to focus discussions, reduce unnecessary work and ease the burden on management to prepare tangential or excessively detailed information for the board.

A well-organized meeting agenda will increase the efficiency of your board meeting. The most effective method for organizing an agenda is to divide items for information, actions and strategic discussions. This helps the board know its responsibilities and reduces any concerns that it will have to vote on items that are informational. It is crucial to have clear guidelines for task forces, as well an approach to avoid duplicate work. It is also useful to have an office secretary who can assist in arranging meetings as well as manage the flow of information, and also create comprehensive board material that includes relevant background documents.