Board Management is the process of managing a board of directors (or dekstroza.io trustees) to ensure that all members are informed, involved and working together to serve the best interests of the organization. This includes adopting best practice ideas such as clear communication effective management of board meetings and a well-structured decision-making framework.
The function of a board is to determine the strategic direction of your company, along with the CEO or general manager, and periodically interact with them to ensure the company is on the right track to achieve its objectives. The best boards have a variety of skills and experience that will help them make great decisions for your company.
The ideal board will comprise of a chairperson who will run the meetings and represent the board at events as well as a vice chairperson or vice chairs. This is a vital post and usually those with more experience who are chosen to fill it. A good chairperson can ensure a positive experience board members by creating an environment of discussion where different opinions are respected and taken into consideration.
The most effective boards reach the highest levels of collaboration and teamwork. Open dialogue, transparency, and the use digital tools enable the board to engage effectively even when they are located across the globe. For instance using a portal for board members 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 obligations.