Solving Board Performance Problems

Making a high-performing and value-enhancing board is a matter of addressing numerous issues. This includes having the right members on the board. It also involves fostering an environment that is positive, offering information that is easily accessible, streamlining processes and conducting regular reviews. It’s not an easy job, and there are many issues. Certain of these issues can be easily solved while others are more difficult. The good news is that most of these issues are solvable.

A common issue occurs when boards fail to create the internal structures and procedures it requires to carry out its duties of assessing. This usually involves the establishment of officers and committees responsible to gather, analyze and regularly report on performance data to the Board.

If this isn’t completed, the board could not be able to identify its strengths and weaknesses. This can also hinder the board taking appropriate action to improve its performance.

Another problem is the situation when web a board doesn’t follow through on the agreed-upon improvement plans. This happens when a committee is distracted by other things and loses its focus on issues that were uncovered during its last assessment.

One of the most effective solutions to this issue is for boards to conduct an exhaustive self-evaluation at least every year. BoardEffect has a built-in survey that ensures accuracy. It can also be used for an entire assessment of the board when needed. This process allows boards to make sure that they concentrate on the most important issues and that their collective efforts contribute to the success of the company.