Boards sit at the apex of the organisation and are accountable for setting the organisation’s strategy. Having an effective board is an essential component in having an effective organisation. An effective board is a cohesive and organised group with complementary experiences, whose members are mutually accountable for achieving a common purpose and outcomes through collaborative behaviours and debate.
We believe there are three main components to a good board:
1. PURPOSE: a clear rationale that explains and defines the board’s reason to exist and against which its performance can be assessed
2. ORGANISATION: a formal structure that includes a transparent decision-making mechanism and agenda, a committee structure that supports the work of the board and key succession plans
3. DYNAMICS: a set of behavioural standards that encourages cohesiveness and enables vigorous debate and challenge
Getting this right is not an easy task and the role of the Chair in this cannot be underestimated. The Chair, along with the board, needs to carefully manage its development across the year and not take an ‘it will all get sorted in the annual evaluation’ approach. The ability to manage board development on an ongoing basis needs to be embedded in the fabric of the board.
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For further information please contact Peter Ward: email@example.com