Good Board Practices
Good board practices are a critical component for any organisation's success. They ensure the sustainable growth and management of the entity, creating an environment conducive to good governance. It's important that every board member understands their role and responsibilities, taking an active part in discussions and decision-making processes.
One critical aspect of good board practice involves strategic planning and the tracking of strategic delivery. The board should ensure that the management sticks to ethical and legal conduct. It's also necessary for boards to engage in regular evaluations to assess the strengths and weaknesses of its members. Communication is another key element in effective boards; there must be open and honest discussions, reminders about meeting schedules and minutes, and encouragement for all members to share their viewpoints.
Diversity of thought also plays a significant role in good board practices. Having members with diverse backgrounds, views, and skills can provide a broader perspective, enhancing the board's effectiveness. Regular training should be organised to keep up-to-date with the latest trends, regulations and to enhance board members' skills. Remember, a board is the backbone of an organisation's success and all these practices contribute to making it stronger and more effective.
In our thought provoking Board Evaluation paper, you’ll discover:
✓ Why a Board evaluation is critical to the performance of an organisation.
✓ What are the core elements that make up the scope of an effective Board evaluation.
✓ A powerful approach that will build commitment to drive action within your organisation.
We help your Board get under the skin of what steps they need to take to provide maximum value to the business.
Our approach builds commitment and ownership, is relevant to the needs of your organisation and is inclusive, giving a voice to all Board members and key stakeholders.
The Mightywaters Team
The Mightywaters Team has considerable experience in working with Boards. They developed the GIFT® framework through understanding the areas that drive Board effectiveness. They work across sectors and different governance codes, and often with organisations with unusual or complex shareholding / stakeholder arrangements.
Anna Withers
Founder and Director
Anna focuses on the psychology and neuroscience of work, providing specialist expertise in one-to-one coaching, counselling and conflict resolution, and in the use and interpretation of psychometric tools. She has a particular interest in decision making and in helping individuals and teams make better decisions.
Mark Withers
Founder and Director
Mark brings nearly four decades of business experience and works at the most senior organisational levels, helping leaders tackle their tough people and organisational challenges. He is also a highly skilled facilitator who is able to create environments that enable groups and teams of all sizes to collaborate, innovate, create and decide more effectively.
Does your Board have untapped potential?
Withers, A. (2019). Does your Board have untapped potential?. Ethical Boardroom, Autumn Issue.
A board effectiveness evaluation that gets under the skin of what’s working well and what’s getting in the way of peak performance is the perfect vehicle to help boards unlock this potential. But what does an effective board evaluation look like? Read Anna’s article published in Ethical Boardroom and find out why and how to conduct a board evaluation and the conditions for success.
