Having term limits is a good way to ensure that a board is actively working on recruitment and succession planning on a continual basis. Boards with and without term limits find that board turnover is a little like the changing of the guard. It’s a regular event. It’s inevitable. It can be somewhat entertaining and…
That moment when your read or hear something that stops you in your tracks – it’s transformative. Maybe it inspires new ideas or just encourages you to look differently at the same old thing. Like your board meeting. Or the tools you use in them. Consider the survey, an instrument commonly distributed to board members…
“Inspect and adapt” is a familiar mantra in agile software development, which is about building a flexible process that anticipates and embraces change. Many of the things I enjoy about product management are related to building and adapting processes based on what is going well and what could be improved. In my role at BoardEffect,…
According to Team Technology, the terms groups and teams are often used interchangeably, although there is a distinct difference between them. Groups draw their members from a social community, whereas teams come together with commonality as a shared goal. In defining those terms separately, boards of directors are defined as being a team. The success…
In July of 2016, thirteen of the top corporate CEO’s issued an open letter to the public entitled Commonsense Corporate Governance Principles. Despite the diversity of the group and varied opinions on specific principles of corporate governance, the group felt it was important to find some common ground at the highest level of corporate structure. Commonsense Corporate Governance…
With less than two weeks until the 4th annual BoardEffect Users Conference on September 28th – 30th, the final count-down to kick-off has begun. This is unquestionably the biggest conference on our company’s yearly calendar; and it evokes in our team a powerful mixture of anticipation, enthusiasm, and an earnest ambition to improve upon prior…
Imagine that a board member is doing research about improving his or her participation on a board of directors. As part of that research, the member discovers some valuable articles about board self-assessment and becomes intrigued about using self-assessment tools to improve the performance of the board as a whole. With great excitement, the member…
When a board member accepts a new position on a board, it’s rare that the board member knows exactly what to do and how to do it. Active board members will get up to speed quickly on their own, but there’s no question that a strong orientation primes new board members for their duties. Regular…
Only about half of boards use a formal, written self-assessment tool to evaluate their board’s effectiveness. That number is surprisingly low considering that doing self-assessments can be the catalyst that takes a board from stagnant and boring to vibrant and thriving. Non-profit organizations may think they don’t need to perform evaluations on the board or…
On the surface, it may seem that board members don’t need any training. After all, they were likely recruited to join the board because of their knowledge and expertise of the organization and its business. Yet, no one can know everything that there is to know about a business or organization, especially in the fast…
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