Boards looking to improve performance should take a thorough strategy. This should include ensuring the board has the appropriate combination of abilities, creating positive attitudes as well as streamlining processes and conducting regular reviews. By addressing these areas boards will be able enhance best practices and speed up the decision-making process.
The chair of the board is an essential element in determining how the board will function. A chair who is not able to lead or coordination skills will not be able to create a setting which directors are able to contribute their unique web perspectives and engage in productive conversations. Additionally, a chair that is too strict and unsecure can create a situation in which the board is not transparent and hinders discussion.
One of the biggest problems boards will encounter is dysfunction. The problem could be triggered by personal conflicts between board members, or it could be due to inadequate structures that help the board fulfill its obligation to evaluate performance. The decision to leave these duties to the board as a whole, or confining them to the executive committee often leads to poor oversight.
Another important factor to consider is the performance of the board in terms of its ability to access and process information. Access to the right information will enhance the effectiveness of the board and enable boards to make better decisions. Many boards do not have effective processes for sourcing information and sharing it. If this issue is not addressed, it will be difficult for the board to improve its performance.