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A board is accountable for decisions at a high level, unlike an executive. The board selects and, if needed, replaces the CEO of the company and is responsible for the fiduciary obligation of the company to its shareholders and other stakeholders.
A board that is effective and engaging will treat employees as partners, not subordinates. Respectful and thoughtful members of the board listen to their staff and treat them as equal even if they don’t agree with the employee’s point of view. Board members must act on issues that affect the objectives of an organization, regardless of size.
The minute books of meetings are essential to ensuring effective board governance. These minutes help absent members comprehend what transpired during a meeting and can help clarify any metrics or strategies that may need monitoring. Boards that take the time to create concise and clear minutes are better able to navigate legal challenges.
To find out more about how to create efficient minutes of board meetings read this blog post by SSIR. The blog is an excellent resource for anyone interested board governance with a concentration on non-profit boards.