A board is responsible for the highest-level decisions, but not an executive. The board is responsible for hiring and, if required, replacing the chief executive officer and executing the fiduciary duties of a company to its shareholders and stakeholders.
A board that is effective and sociable will treat staff as a team, not as subordinates. The most considerate and respectful board members are also open to the opinions of staff members and treat them with the same dignity, even if the board member disagrees with the employee’s position. Whatever the size of an organisation, board members are required to take action on issues that affect the organization’s mission.
The most important aspect of effective board governance is detailed minutes of meetings. The minutes can board individuals help members who are absent know what transpired at a meeting and can help clarify any metrics or strategies that need to be monitored. Boards that take the time to create concise and clear minutes are better equipped to navigate legal challenges.
This blog post from SSIR will show you how to draft effective minutes for board meetings. This blog is an invaluable source for anyone interested in governance of boards with particular attention paid to non-profit boards.
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