In contrast to a CEO who is responsible for the day-to-day work of an organization, a board of directors focuses on the bigger picture and is accountable for making decisions at a high level. The board is responsible for appointing and, if needed, replacing the chief executive officer, and for fulfilling the fiduciary obligations of the company’s shareholders and stakeholders.
Thus an efficient and productive board is one that approaches staff as colleagues, not subordinates. Respectful and thoughtful members of the board listen to their staff and treat them equally even if they do not agree with the employee’s viewpoint. Board members are required to act in a manner that is consistent with the mission of an organization regardless of its https://hitachivantaraforums.com/digitalization-made-easy-how-virtual-data-rooms-simplify-your-business-operations/ size.
One of the most important aspects of effective board governance is having detailed meeting minutes. They can help members who are not present understand the proceedings of the meeting, and can provide clarity on any strategies or metrics which might need to be tracked. Boards who take the time to make clear, concise minutes will have a far better time navigating legal issues.
This blog post by SSIR will show you how to create efficient minutes for board meetings. This blog is a great source for anyone interested in governance of boards with particular attention paid to non-profit boards.