In contrast to a CEO who is responsible for the day-today activities of an organisation, a board concentrates on the bigger picture and is accountable for making decisions at a high level. The board is responsible for the appointment and, if necessary, replacing a company’s chief executive officer as well as fulfilling the fiduciary duties of that company’s shareholders and other stakeholders.
Therefore an effective and engaged board will approach staff as colleagues, not subordinates. The most considerate and respectful board members also listen to staff and treat them with respect and respect, even if the member of the board disagrees with the employee’s position. Board members are required to act in a manner that is consistent with the goals of the organization, regardless of size.
The detailed minutes of meetings are crucial to effective board governance. These minutes help absent members know what transpired at a meeting and can help clarify any metrics or strategies that may need monitoring. Boards who take the time make clear, concise minutes will have a much easier time navigating legal challenges.
To learn more about how you can create effective minutes of board meetings take a look at this blog post from SSIR. This blog is a valuable resource for anyone who is interested in governance of boards with special attention given to non-profit boards.
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