As opposed to a CEO, who oversees the day-today tasks of an company, a board focuses focus on the bigger picture and is responsible for making high-level decisions. The board chooses and, in the event of need, replaces a CEO of a company. It is accountable for the company’s fiduciary duty to its shareholders and other stakeholders.
As a result an efficient and productive board will approach staff members as colleagues and not as subordinates. The most reputable and thoughtful board members are also open to the opinions of staff members and treat them with respect and respect, even if the member of the board disagrees with the employee’s opinion. Whatever the size of an organization, board members are expected to act on issues that impact the organization’s mission.
The detailed minutes of meetings are essential to effective board governance. These minutes can help board members who aren’t present understand the proceedings of a meeting, and they can provide clarity on any metrics or strategies that might need to be tracked. Boards that take the time to make clear, concise minutes will have an better time navigating legal issues.
To learn more about how to create effective minutes of board meetings read this blog post from SSIR. This blog is a great resource for anyone who is interested in board governance, with special attention given to not-for profit boards.
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