A comprehensive approach is needed for boards that want to improve their performance. This includes ensuring that the board is equipped with the correct mix of skills in creating a positive atmosphere and streamlining processes. If they can address these important areas boards will be able to improve their practices and speed up decision-making.
The Chair of the board plays an important role in determining the way a board works. A chair who lacks leadership or coordination skills will be unable to create an environment which directors are able to share their perspectives and participate in productive conversations. A chair who is overly controlling and insecure may create a climate in which the board isn’t transparent and restricts discussion.
Dysfunction is one of the most frequently-reported issues boards have to deal with. While this issue may stem from personal conflicts among board members, it can be due to inadequate structures to carry the board’s performance evaluation responsibility. The delegating of these responsibilities to an executive committee or the board can lead to subpar supervision.
The ability of boards to access and analyze information is another crucial factor. Accessing the right information can greatly enhance the effectiveness of boards and allow them to make more informed decisions. Many boards don’t have efficient methods of sourcing information and sharing it. If this issue is not addressed the issue will make it difficult for an organization to improve its performance.
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