Board management effectiveness is a crucial aspect of board governance. The effectiveness of the board is determined by several factors that include its composition (the appropriate mix of abilities and experience) and the effectiveness of meetings, the culture of open communication and the willingness to participate in real-time conversations, especially difficult ones. The more efficient a Board is in its ability to determine the strategic direction and challenge the performance of an organisation.

The annual self-assessment for boards can range from a simple questionnaire to an interview conducted by a third party. This could provide insights into the dynamics of the board and the maturity level. These assessments can help boards understand how their current practices stack up against the best practices, and can help them develop a clear course of action for areas in which further improvement is needed.

The key to effective management of boards is to create a culture of collaboration which allows directors to view themselves as collaborators and not adversaries. This can be achieved by training on board development and through encouraging refreshment of the board, such as a willingness to reconsider mandatory retirement schedules or term limits.

A great way to boost productivity between meetings is to allow directors to share information and access it through dedicated communication tools like discussion boards and remote votes. This can reduce the time-consuming face-toface discussions and also help ensure that every action item and task are completed on schedule. As a result, board members are able to spend less time on administrative work and more time implementing change.

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