Board Management is the process by which a company’s leadership team interacts with its Board of Directors and how the Board manages itself. By following best practices for composition, communication and governance the members of a company’s Board can add significant value to the company’s business.

The role of the role of a Board is to provide oversight and strategic direction as well as financial guidance, but leave the lower-level management policy decisions to the management team. A functioning Board should be a trusted advisor to the company. The Board should confront the CEO and senior management with difficult questions, promote an environment of trust and transparency and drive improved non-financial performance indicators.

Affiliating diverse talent to your board will allow you to draw in different viewpoints and experiences, and can lead to more innovative decision-making and problem-solving. This can include diverse backgrounds as well as life experiences and cognitive diversity. This kind talent will enhance your board’s effectiveness efficient and effective.

Structured meetings keep a board focused, productive and on the right track. Setting clear expectations for preparation, contributions to the meeting and actions that need to be taken afterwards makes it easier for everyone to perform their duties. It is crucial to clearly define the roles for committees, including how they function and feed into the board, and the role of the chair.

A secure web-based board portal that can be customized to allow board members to join data room services and prepare for meetings in a unified and efficient setting. With simple tools for agenda creation, meeting minutes and more, a simple experience for board members helps them stay productive and work together whether they’re in same room or across the world.