Boards who want to improve their performance will need a comprehensive approach. This involves http://boardroompro.net/managing-conflict-of-interest-at-board-level-4-things-to-know making sure that the board has the correct mix of skills and experience, establishing a positive culture and streamlining processes. By addressing these key areas, boards will be able to improve their practices and speed up the decision-making process.

The chair of the board is a key factor in determining how the board will operate. A chair with poor leadership or coordination skills is less likely to be in a position to create an environment in which directors can contribute their unique perspectives, and participate in productive discussions. A chair who is insecure and overly controlled can create a climate where the board is not transparent and discussion is stifled.

Dysfunction is among the most common issues boards face. This problem can be caused by personal conflicts between board members or it could be due to inadequate structures that allow the board to fulfill its accountability for performance evaluation. The decision to leave these duties to the board as a whole, or confining them to the executive committee is often a route to a lack of oversight.

The ability of boards to access and analyze data is another important factor. Access to the right information will improve board effectiveness, and enable boards to make better decisions. Many boards do not have efficient processes for sourcing information and sharing it. It is difficult to improve the performance of a board unless this issue is addressed.