Building effective Board relationships
Balancing the Board’s needs and expectations with the company’s goals
- Enhancing the Board’s effectiveness:
An effective Board provides governance and strategic support for a business. It provides oversight without engaging in the operations of the business, sometimes referred to as “Noses in – Fingers out.” During challenging times, Boards can become over-involved in the operations of the business. While it may be appropriate during a time of transition, if sustained, it limits the CEO’s effectiveness in leading the business. Through qualitative assessments, we evaluate the effectiveness of the Board of Directors and offer corrective measures to realign the governance and identify appropriate levels of support. The assessments provide insight on how well the collective skillset of the Board members balances with the strategic needs of the business. The results provide Board’s with clarity on their roles and highlight any additional skillsets that may be needed to enhance business success. - Creating productive Board relationships:
A company’s Board must interact effectively with both the C-Suite and the company shareholders. Getting the Board and the C-Suite on the same page builds business success. - Managing Board transitions:
When Board members transition in or out, it becomes an important time to reassess the Board skillsets required for the stage of the business. Identifying missing or desired skills makes the Board member selection process clear, because it is focused on providing the right balance for the business, and complementing the existing Board members.