This is a very short article which clearly sets out the arguments relevant to deciding what is the 'right' size for your Board. It's such a concise article that a takeout isn't needed.
What is it that distinguishes a high performing board from the others? I’ve spent time with over 800 boards and there are some that, as soon as you enter the room you know they ’click’. Then there are others that you really don’t want to even enter the room. Both types might have adopted, and are following, good governance practices so it’s not the practices which are the distinguishing factor, so what is it?
This article follows on from extensive research which shows that it’s the human factor at work. It’s a quick and easy read and essential for Chairs to pick up some valuable tips.
This post along with about 300 others sits on my website www.boardsense.co.nz under LinkedIn posts A – Z. Please have a browse among all the gems of good governance sitting there.
It’s true that it is literally four quick tips. The author, Ralph Ward, picks out four topics you can focus on to improve Board performance. He covers:
The value of an independent director
Board procedure – agenda, minutes, meeting pack
Sharpen board leadership – the competence of the Chair.
While he comes at it from both an American governance perspective and a larger corporate view, his tips are applicable to any sized Board in New Zealand.
The benefit of this article is that it highlights why boards periodically need to sit back and reflect on why they exist, what do they do, are they doing what they should be doing and how can they do it better.
Too few boards take the time to conduct an assessment of their performance and an assessment of the competencies sitting around the table to determine if they are ‘fit for purpose’. I’m currently reviewing the performance of four boards using a very simple template which, for a few minutes of each board member’s time, quickly reveals how effective, or otherwise, the board is.
Have a read through the article and if you are interested in undertaking an uncomplicated review of your board please let me know.
Tony Hassed - founder and director of BoardSense Limited - the place where we talk about and promote Good Governance and Healthy Boards.