A comprehensive approach is needed by boards that wish to improve their performance. This includes ensuring that the board has the proper mix of expertise, encouraging an environment that is positive by streamlining processes and executing regular evaluations. By addressing these issues, boards can lead best practices and speed up decisions.
The chair of the board plays a critical role in determining how the board operates. A chair with no leadership or coordination skills will be unable to create an environment in which directors are able to share their views and participate in productive discussions. A chair who is overly controlling and insecure may create a climate in which the board isn’t transparent and hinders discussion.
One of the most common problems that boards have to face is dysfunction. While this problem can stem from personal conflicts between board members, it can also be a result of inadequate structures to carry the board’s assessment of performance responsibilities. Leaving these responsibilities to the board as a whole, or confining them to the executive committee can lead to subpar oversight.
The ability of a board to access and analyze information is another crucial factor. Access to the right information will improve board effectiveness, and help boards make better decisions. However, many boards have ineffective processes for sharing and sourcing information. If this isn’t addressed the issue will make it difficult for boards to improve their performance.
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