A board is accountable for decisions at a high level, unlike the CEO. The board is accountable for selecting and, if necessary replacing a company’s chief executive officer, and for fulfilling the fiduciary duties of that company’s shareholders and other stakeholders.
A board that is efficient and engaging will treat employees as equals, not subordinates. The most considerate and respectful board members are also open to the opinions of staff members and treat them with equal respect, even when the board member disagrees with an employee’s opinion. No matter the size an organization, board members will be expected to take action in matters that affect the mission of the organization.
The key to effective governance of boards is the accuracy of meeting minutes. These minutes aid absent members to understand what happened at a meeting and help to https://hitachivantaraforums.com/what-do-board-of-directors-want-to-hear/ clarify any strategies or metrics that may need monitoring. Boards that spend the time to prepare concise, clear minutes are better prepared to handle legal issues.
This blog post by SSIR will show you how to create efficient minutes for board meetings. The blog is a fantastic source for anyone who is interested in board governance, with a focus on not-for-profit boards.