Perfect board governance is a elusive notion. It is a goal boards should strive for. They can achieve it when boards are aware of what good board governance is like.
To accomplish this, boards need to be well-organized, selected, and oriented toward the future. They must be able of balancing the desires and needs of the company, as well as the needs of their stakeholders. They must be able to deal with new regulatory demands as they develop.
The success of a non-profit organization ultimately depends on the board’s capacity to face these challenges and ensure that they are in a position to be sustainable in the future. A strong board can assist its trustees fulfill their duties and help the community by ensuring the organization’s programs are in good shape or on track to accreditation.
A key structural element is establishing a proper agenda and schedule for the board. It should be clear enough for directors to know what matters need their attention and which ones can be given to committees or managers. It should also define the times when the board needs to be informed or consulted on matters that do not require a vote by the board in its entirety.
Finally, boards must be able identify their own weaknesses and areas to improve. An annual evaluation is useful because it allows the board to assess its performance to that of its peers.
https://intelligentwirelessnetworks.com/first-board-meeting-discussion-and-decision-making/
