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What is Board Management?
Board Management is the process of managing a board of directors (or trustees) to ensure that all members are fully informed, engaged and functioning effectively as a team for the benefit of the organization. This involves implementing the best practices like clear communication and effective board meeting management.
The role of a board is to set the direction of your company, alongside the general manager or the CEO. They will also interact with them regularly to ensure that the company is on the right track to reach its goals. The best boards are comprised from a mix of people with different skills and backgrounds that can help make good decisions for your business.
Ideally, the board should comprise one chairperson, who is responsible for running the meetings as well as representing the board at any events, and one or more vice chairs. This is a very important post and usually the most experienced members who are selected for it. A good chairperson can also make a positive impression on board members by creating an atmosphere of respectful dialogue where differing opinions are valued and considered.
The most effective boards achieve the highest levels of collaboration and teamwork. This is made possible by open communication, transparency and the use of digital tools that enable the board to engage effectively even when they are spread across the globe. For example an online portal for board members that permits real-time document sharing and collaboration permits directors to stay connected and participate in decisions even when they are juggling other obligations.
