https://www.yourboardroom.net/can-board-meetings-be-held-virtually/
The effectiveness of the board’s management is a crucial aspect of good governance for boards. The effectiveness of the board is determined by several aspects such as its composition (the appropriate mix of abilities and experience) as well as the effectiveness of meetings and the culture of open communication and the capacity to have real conversations, especially difficult ones. The more effective a Board’s performance more effective, the better it is able to determine strategic direction and test the performance of an organization.
The annual self-assessment procedure for board members can range from a simple questionnaire to an interview conducted by a third-party. This can provide insight into the dynamics of the board and the level of maturity. These assessments help boards understand how their current practices stack up against best practices and could provide a clear plan of action for areas in which more improvement is required.
The most effective way to manage boards is to create a collaborative environment where directors view themselves as partners, not adversaries. This can be achieved through training for board development and by encouraging a regular refresher of the board. This includes the willingness to reconsider mandatory retirement schedules or term limits.
A great way to increase productivity between meetings is to allow directors to share and access information using dedicated communication tools, such as discussion boards and remote voting. This can cut down on the time-consuming face-to-face discussions and help to ensure that every action item and task are completed on time. Board members can spend less time working on administrative tasks, and more time directing changes.