Perfect board governance is an elusive concept. But it is a goal boards should strive towards – and one they can achieve if understand what good governance looks like, if they are well-constructed following a meticulous blueprint (what Nadler calls “board building”) and exhibit appropriate behaviors.
To achieve this, boards must be well-structured, selected and focused on the future. They must be able to keep in balance the requirements of the company with the needs of its stakeholders and shareholders. They should also be able to handle new regulatory pressures as they occur.
The success of a nonprofit organization depends on the board’s ability to meet these challenges business intelligence in intelligentwirelessnetworks com post and ensure that it is set up for a sustainable future. A well-run board can help its trustees in their responsibilities and help the community by ensuring the organization’s programs are in good shape or on track to accreditation.
Establishing a board agenda and schedule is a crucial structural element. It should be clear enough for directors to know what issues require their attention and what ones can be assigned to committees or management. It should also state what time the board must be informed or consulted about issues that don’t require a full board vote.
Additionally, boards should be able to identify their own shortcomings and areas that need improvement. This is where an annual evaluation can come in handy in allowing the board to evaluate its effectiveness and compare it to peers’.