How to Address Board Performance Problems
A comprehensive approach is required for boards that want to improve their performance. This should include ensuring the board has the appropriate mix of expertise, encouraging an environment that is positive as well as streamlining processes and conducting regular reviews. By addressing these areas boards can drive best practices and speed the decision-making process.
The chair of the board is an important aspect in determining how a board will function. A chair who lacks leadership or coordination skills is less likely to be in a position to create an environment where directors can contribute their unique perspectives, and engage in productive discussions. In the same way, a chair who is too strict and insecure can cause a situation where the board is not transparent and restricts discussion.
Dysfunction is among the most frequent issues boards face. While this issue can result from personal conflicts between board members, it could be caused by inadequate structures that make it difficult to carry the board’s performance evaluation responsibilities. The delegating of these responsibilities to an executive committee or board can result in subpar oversight.
A board’s ability to analyze and access information is a crucial aspect. Access to the correct data will improve board effectiveness, and help boards make better decisions. Many boards do not have effective processes for sourcing information and sharing it. It will be difficult to improve a board’s performance unless this problem is addressed.