Creating a high-performing, value-enhancing board requires addressing many issues. This includes having the right members on the board. It is also about fostering a positive culture, providing information that is easily accessible, streamlining processes and conducting regular evaluations. It is not an easy job and there are always issues. Some of these problems are simple to resolve, while others can be more difficult. The good news is that most of http://www.boardroompro.net/directors-desk-board-portal-tutorial/ these issues are easily solved.
A common problem occurs when boards fail to create the internal structures and procedures it needs for carrying out its duties of assessing. This typically involves establishing officers and committees that are responsible to gather, analyze and regularly present performance data to the Board.
If this isn’t done, the board may not be able recognize its strengths and weaknesses. This can also hinder the board from taking action to address areas that need improvement.
A board that does not follow through with its agreed-upon improvement plans is another problem. This could happen when a committee is distracted with other matters and loses focus on the issues that were identified during the last review.
Boards should conduct an in-depth self-assessment at least once per year. BoardEffect’s built in survey helps ensure fidelity and can be used as the basis for a full evaluation of the board, if needed. By following this method boards can ensure that they are continually focusing on the most important issues and that their collective actions contribute to the company’s success.