Face-to-face meetings are gradually giving way to video conference and teleconference meetings in nearly every business realm, including board meetings. There’s no question that saving time and money has contributed to the popularity of holding board meetings in virtual space. A Gigaom Research report stated that 87% of remote users see videoconferencing as a benefit…
Board meetings can become pretty routine, but that does not mean that planning for them should be completely routine. Most meetings will tackle looming problems, identify future opportunities, and spark new ideas. While it’s important for a board meeting to have a solid structure, it should also have a little flexibility built into the agenda…
It’s a well-established fact that boards should strive to build a board that has diversity of gender, culture, ethnicity, age, and other demographics. It is also well-supported that boards should have a diverse array of expertise, knowledge, and talent. Despite best efforts to create a well-rounded board of directors, boards often benefit from experts that…
When it comes to the culture of an organization, it’s hard to fool the public. A healthy public image is often a sign of good corporate governance. The aftermath of the bankruptcies of major entities such as Enron, WorldCom, and Tyco sent a fury through the financial industry. The shock of their demise sent plenty…
Board candidates that seek a position on the board of directors of nonprofit organizations are typically passionate about the organization that they want to serve. It’s important that all board members of nonprofit organizations understand the legal responsibilities that they hold relative to their positions on the board. Failing to fulfill their responsibilities according to…
A diverse board of directors brings a range of perspectives and talent that synergizes the board as a whole entity. Many important discussions take place on boards. It’s the differing perspectives of board members that lessen the potential for group think and lead to well-rounded decisions.
Making the decision to serve on a board is generally done with great forethought and consideration. Making a decision to resign from a board should be given equal, if not more, attention. There are two general reasons that members resign from a board—either they are not serving the board to the best of their abilities…
Whether it’s a commercial entity or a non-profit organization, nearly every director that serves on a board has an outside level of interest in the organization’s business. That’s a good thing from the perspective that board members share their areas of expertise with the rest of the board. It’s a bad thing when a board…
Boards take great care in appointing or hiring executives, chairmen, CEO’s and other people who serve in influential positions, as they should. As part of the selection process, they look for leadership qualities such as honesty, communication, commitment, and their ability to inspire progress and positivity. Those who vie for those positions put forth a…
When a board member is having a negative impact on the board or the entire organization, it can develop a toxicity that can only be relieved by removing a member from the board. Following a gut instinct to proceed may be best, especially if a strong percentage of the board agrees. Removing a director from…
©BOARDEFFECT 2023 • ALL RIGHTS RESERVED • PRIVACY POLICY