Board Management is the process of managing the board of directors (or trustees) to ensure that all members are fully informed, active and working together for the good of the organisation. This involves implementing the best practices such as clear communication and efficient management of board meetings.
The job of a board is to set the strategic direction for your business, in conjunction with the general manager or the CEO. They also interact with them frequently to ensure that the business is on the right track to achieve its objectives. The best boards are made up of a range of people who have different skills and backgrounds that can help make good decisions for your company.
Ideally, the board will be comprised of one chairperson, who is accountable for the running Board Management of the meetings as well as representing the board at events and one or more vice chairs. This is a crucial position, and the more skilled members are usually selected for this role. A great chairperson will make a positive impression on board members by creating an environment of respectful discussion where different opinions are valued and considered.
The most effective boards have the highest levels in collaboration and teamwork. This is achieved through open communication, transparency and the use of digital tools that allow the board members to effectively engage even when they are scattered across the globe. For instance the use of a board portal for real-time collaboration and secure document sharing enables directors to remain connected and take part in the decision-making process, even when they are busy with other commitments.