Unlike a CEO who handles the day-to-day operations of an organization, a board takes into consideration the larger picture and is responsible for making the most important decisions. The board is accountable for selecting and, if necessary, replacing a company’s chief executive officer as well as fulfilling the fiduciary duties of a company to its shareholders and stakeholders.
A board that is effective and engaged will treat staff as partners, not subordinates. The most considerate and respectful board members also listen to staff and treat them with respect and dignity, even if the member of the board disagrees with the employee’s position. Board members are expected to act in a manner that he has a good point hitachivantaraforums.com/which-is-the-best-data-protection-service-provider/ is consistent with the objectives of an organization, regardless of size.
The key to effective governance of the board is clear minutes of meetings. The minutes allow members who are not present to understand what happened at a meeting and help to clarify any strategies or metrics that require monitoring. Boards who spend the time to prepare clear, concise minutes are better able to navigate legal challenges.
To find out more about how you can create effective minutes of board meetings go through this blog post by SSIR. The blog is a fantastic resource for anyone interested in governance of boards, with a concentration on non-profit boards.
