In contrast to a CEO who is responsible for the day-to-day work of an company, a board focuses focus on the bigger picture and is accountable for making decisions at a high level. The board appoints and, in the event of need, replaces a CEO of a company. It is accountable for the company’s fiduciary obligations to its shareholders and other stakeholders.
A board that is efficient and engaged will treat staff as equals, not subordinates. Respectable and thoughtful members of the board listen to their employees and treat them in a fair manner regardless of whether they agree with the employee’s point of view. Board members must act on issues that affect the mission of the organization regardless of size.
One of the most important aspects of effective governance of the board is clear meeting minutes. These minutes help absent members get a better understanding of what transpired at the meeting and help to define any metrics or strategies that require monitoring. Boards who take the time to create concise and clear minutes are better able to tackle legal issues.
To find out more about the process of creating efficient minutes of board meetings https://hitachivantaraforums.com/ go through this blog post by SSIR. This blog is a valuable resource for anyone who is interested in governance of boards with a particular focus on not-for profit boards.