Board management is the process of directing the activities of board members. It encompasses a variety of activities, from organizing meetings and sharing information to establishing clear roles and https://www.contactboardroom.com/boardmaps-and-boardpaq-board-platforms-key-characteristics/ the responsibilities. The word “board” is often associated with top executives, but the concept can be applied to any group of individuals who collaborate to make decisions in an organisation. The management of these task groups, or boards, effectively directly impacts an organization’s success.
When you are managing your board, it is crucial to remember that the members are all leaders in their right. As chairperson, your task is to guide them on the right track and not control how they carry out their responsibilities. This knowledge can help you avoid common mistakes that many boards make.
Beware of the “groupthink trap”:
Groupthink is the tendency of members to align with others and reinforce their views that they already have in common which can result in poor decisions. The best way to prevent groupthink is to bring a variety of perspectives into the boardroom. This will allow you to see the opportunities and risks your business faces more clearly.
Make sure that your board members are well-informed prior to each meeting:
This is particularly important for directors who may not be familiar with the specific industry of their company. Send board decks to directors between 2 and 3 business days before a meeting so they can go over the material and make comments or ask questions. Ted also suggests conducting board syncs every quarter to gather input and align board members between meetings. This can be achieved via a portal for board members, like iBabs. It allows collaboration between meetings and allows directors track engagement and follow-up on action items easily.
