What is Board Management?

Board management is the process of managing the trustees or board of directors to ensure that they are all fully informed, engaged and working together to benefit the company. This includes implementing best practice insights such as clear communication effective management of board meetings and a structured decision-making framework.

The role of a board is to determine the strategic direction for your company, alongside the general manager or CEO. They also interact with them periodically to ensure that the business is on the right track to achieve its objectives. The best boards consist from a mix of people who have different skills and backgrounds which can assist in making the right decisions for your company.

Ideally, the board should comprise a chairperson who is in charge of the meetings and serve as the board’s representative at events as well as a vice chairperson or vice chairs. This is a very important position and it’s often those with more experience who are chosen for it. A successful chairperson can make the board members feel respected and valued by creating an environment of respectable dialogue.

The most effective boards are able to achieve the highest levels of collaboration and teamwork. This is Resources post about board governance and its impact on performance facilitated through open dialogue, transparency and the use of digital tools that enable the board to be effective even when they’re spread across the globe. For instance, a board portal which allows real-time document sharing and collaboration permits directors to remain connected and participate in decisions even when they are juggling other obligations.