Building a Strong Board of Directors

Thông tin chi tiết

A board of directors provides oversight of a company as well as its governance practices, and provides support for the strategy formulated by management. It also ensures the company is operating legally and in the best interests of shareholders and other stakeholders. The board can be made consisting of insiders and outsiders, each elected for a specific term. The ideal board is well-rounded, diverse and includes a broad range of abilities, experiences and backgrounds. They will reflect the organization’s core values and show that they are committed to its mission.

In addition to offering leadership and governance expertise Boards should also be prepared to embrace risks and make difficult decisions. They must also show a deep understanding and ability to work as a team. They should be able communicate the vision and direction of their organization and be able to formulate and implement the plan of action.

Boards should be prepared to quickly react to changes in business and social situations. They must be proactive when it comes to potential and risk, managing talent and corporate finance.

One way to create a solid board of directors is by establishing an online database of potential candidates and inviting them to apply for jobs when openings become available. This is as simple as posting an LinkedIn job advertisement or sending an email announcement.

www.managingbiz.net/2020/03/24/who-should-organise-effective-communication-between-partners-and-the-board-of-directors/

Sản Phẩm Liên Quan