A board is accountable for high-level decisions, unlike a CEO. The board is responsible for hiring and, if required replacing the chief executive officer as well as fulfilling the fiduciary duties of that company to its shareholders and stakeholders.
Therefore, a well-performing and engaging board is one that approaches staff as colleagues, not subordinates. The most reputable and thoughtful board members are also attentive to staff and treat them with the same respect, even if the member of the board disagrees with the employee’s opinion. Whatever the size of an company, board members are expected to act on issues that affect the organization’s mission.
The minute books of meetings are vital to effective board governance. They can help members who aren’t present understand the events that took place during the meeting, and can clarify any strategies or metrics that are required to be monitored. Boards who take the time prepare concise, clear minutes will have a far more streamlined experience in navigating legal challenges.
To learn more about how to write effective minutes for board meetings, check out this blog post from SSIR. The blog is an excellent source for anyone who is interested in board governance with a focus on not-for-profit boards.
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