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Board management is the process of directing the activities of board members. It involves a range of tasks, from arranging meetings to sharing information and developing clear roles and responsibility. The term “board” is often associated with executives at the top, but the concept can be applied to any group of individuals who collaborate to make decisions in an company. The management of these task groups, or boards, effectively directly impacts the success of an organisation.

In managing your board, it’s important to remember that your board members are all leaders in their own right. Your job as chairperson is to assist them in the right path instead of micromanaging how they meet their responsibilities. This will help you avoid the common mistakes made by boards.

Beware of the “groupthink trap”:

Groupthink is the tendency of individuals to align with others and reinforce viewpoints that they already agree upon that can lead to bad decisions. Invite diverse perspectives to the boardroom to avoid groupthink. This allows you to see more clearly the opportunities and risks your company is facing.

Ensure that your board members are given the right intel before every meeting:

This is particularly important for directors who may not be familiar with the company’s specific industry. To ensure that they are not stunned by the topics discussed at a meeting it is recommended to send decks of the board two to https://www.contactboardroom.com/corporate-governance-what-is-it/ three days prior to the meeting, so they can read them and add comments or ask questions. Ted recommends that board syncs are conducted every quarter to collect input and align members across meetings. This can be achieved using boards portals like iBabs, which facilitates collaboration between meetings and allows directors to track engagement and follow-up action items with ease.