Board management effectiveness is a crucial aspect of board governance. A board’s effectiveness is based on a variety of factors which include composition (the proper balance of skills and experience) and meeting efficiency the openness of communication culture and the ability to engage in actual conversations, even the tough ones. The more efficient a board is, the better equipped it will be at setting strategic direction and challenge organisational performance.

The annual self-assessment process for boards ranges from simple director questionnaires to an elaborate interviewing process, usually conducted by a third-party which can provide insight into the dynamics of the board and overall level of board maturity. These assessments can help boards to know how they stack up against the best practices and create plans of action in areas that require improvement.

A key element to getting board management effectiveness is to establish a culture of cooperation that allows directors to see themselves as collaborators, not adversaries. This can be achieved through training for board development and by encouraging a regular refresher of the board, such as the willingness to reconsider the mandatory retirement schedules, or the length of time.

A great way to increase efficiency between meetings is to allow directors to share information and access it through dedicated communication tools like discussion boards and remote votes. This can help reduce the need to have long meetings in person and ensure that all tasks and action items are completed on time. Board members will spend less time on administrative tasks and more time implementing changes.

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