Board management effectiveness is a crucial aspect of governance for boards. The effectiveness of a board is based on a variety of factors that include composition (the appropriate balance of abilities and experience) and meeting efficiency as well as the atmosphere of open communication, and the willingness to have real conversations, even difficult ones. The more effective a Board is and the more efficient it is to set strategic direction and challenge performance of an organisation.

The annual board self-assessment process can range from a basic questionnaire to an interview conducted by a third-party. This can provide insight into the dynamics of the board and maturity level. These assessments assist boards in understanding how their current practices are against best practices and can help them develop a clear course of action for areas where more improvement is required.

The most effective way to manage boards is to establish a collaborative environment where directors view themselves as collaborators and not adversaries. This can be accomplished through board development and encouraging the refreshment of the Board. This includes a willingness for them to consider reconsidering http://yourboardroom.net/can-board-meetings-be-held-virtually mandatory retirement schedules and time limits.

One way to boost efficiency between meetings is to allow directors to share information and access it via dedicated communication tools such as discussion boards and remote votes. This will reduce the time-consuming face-to-face discussions and help ensure that all actions and tasks are completed on schedule. Board members can use less time on administrative tasks and spend more time driving changes.