04 Nov Board of Directors Blog Posts
Board of Directors blog posts focus on how to become a more effective board member, how to set governance priorities and the best practices. They also address issues specific to employee stock ownership plans («ESOP»)-owned companies and other issues relevant for the board of directors in general.
Good governance means that the board is curious, interested in the bigger visions of the company, and able to function in the larger world or market in which the company hopes to make an impact. It also means that the board is supported in speaking up when they spot things going wrong and is able to coach. It’s a clear structure that balances the power. Unfortunately, it doesn’t always work.
Many people who sit on boards are bored and uninterested. This could be due to a lack of enthusiasm, the culture of the organization, or their personal personalities. Some board members aren’t sure what their job is supposed to be. Others are aware that they’ren’t performing in the best way possible.
This article addresses the last group of people, the ones who have been offered (or are currently investigate this site post about data protection strategies taking) seats on governance boards, but have a hard time being active and productive. This isn’t a critique on Johns and Daves but rather a re-examination of the process to get board posts (and C-level positions). The article outlines the foundational elements needed to change the game. Diversity of thinking is most often derived from the diversity of age, gender and ethnicity, as well as upbringing, context and experience.
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