Guiding Your Organisation's Success: 6Tips to Maximise Your Board Effectively
The purpose of a board is to make informed strategic decisions in the best interest of a business or organisation. Boards tend to play the role of connectors, fundraisers, advisors etc. If treated and chosen well, a company’s Board can be a valuable asset and should be seen as an extension of your core day-to-day team.
There are a few things to keep in mind when curating and conducting your Board.
Aligned mindset
Curating and conducting a board requires careful consideration. It is crucial to select individuals who align with your company's mission, genuinely believe in its purpose and can provide well rounded insights into topics relevant to your business.
Diversity
Having a diverse set of board members with a wide range of skills and expertise is essential. This diversity brings fresh perspectives to the table and enables comprehensive, innovative decision-making.
Size
Keep your Board to between 5-7 members only. A smaller board size allows for more focused and effective communication. It ensures that everyone has a voice and can actively contribute to discussions.
Plan ahead
Be sure to schedule meetings 6-12 months prior to secure availability. With the rare case of an urgent meeting, scheduling well in advance helps avoid conflicts and increases attendance rates.
Preparation
Provide Board members with the relevant materials ahead of time for thorough preparation and feedback. It’s also key to present information in a clear and concise format to facilitate efficient discussions.
Transparency
Foster a culture of transparency and open communication with the Board, and share both positive developments and challenges, encouraging honest feedback and discussion.
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Remember, your Board is there to guide you and fill in the gaps. Don't hesitate to ask for their help and leverage their expertise to overcome challenges and make informed decisions. Leverage the expertise and diverse perspectives, and seek their advice and assistance when faced with complex decisions or challenges.
