Board management effectiveness is an important element of good governance for boards. The effectiveness of a board depends on multiple aspects that include composition (the right balance of skills and experience) and meeting efficiency the environment of open communication and the willingness to engage in real conversations, even the most difficult ones. The more effective a board is, the more able it will be at setting strategic direction and challenge organisational performance.
Self-assessment for board members every year ranges from a simple director questionnaire to an extensive interview process, usually conducted by http://yourboardroom.net/ceo-vs-chairman-vs-president-responsibilities a third party, that can provide insights into the dynamics of the board and overall level of maturity. These assessments can help boards determine how they are performing against best practices and develop plans of action in areas that require improvement.
The most important factor in the effectiveness of board management is to create a culture where directors see themselves as partners, not adversaries. This can be achieved by fostering board development and encouraging the renewal of the Board, such as an openness to reconsider mandatory retirement schedules and the length of their term limits.
Another method to increase efficiency between meetings is by allowing directors to access and share information with one another via dedicated communication tools such as discussion boards and remote voting. This will reduce the necessity for lengthy face-to-face meetings and ensure that all actions and tasks are completed on time. As a result, board members can spend less time in administrative tasks and more time driving change.