Effective boards are focused on achieving consensus in a boardroom where there is respect, even if they disagree. They also concentrate on moving the organization forward.
Board members have a clear sense of their role in the company and how that intersects with their legal responsibilities. They align their personal activities with the objectives of the board and are committed to achieving them. They are proud of their work and enjoy their interactions with each other as evidenced by their active participation and attendance at meetings.
The board follows best practices in terms of parliamentary procedures and board committee structures. This allows the board to get to work efficiently and effectively with an understanding of its mission and what is required to be transferred to other governance organizations or management.
Effective board directors are prepared for meetings, are aware of their duties and have a solid grasp of the company’s business operations, industry and the environment. They ask great questions, find the truth and have a lively discussions, both in person and on the internet.
A diverse board is a great asset. It allows the board access to a wide range of opinions and expertise, allowing them to get an accurate picture of the company. Management of diversity can be difficult and the board should be able to set standards for performance and knowledge that are clearly established and monitored. The board should also invest in education to stay current on new developments that could affect the ability of the organization to achieve its goals.