The perfect board governance is a difficult idea to attain. It is a goal boards should strive for. They can achieve it if boards know what good board governance will look like.
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In order to achieve this boards must be designed properly, well-chosen, and with a view to the future. They should be able to keep in balance the requirements of the organization with the requirements of its stakeholders and shareholders. They must also be able to handle new regulatory pressures when they occur.
The success of a non-profit is dependent on its board’s ability to address these challenges and ensure that they are in a position for a sustainable future. This could mean making sure that the health of the organization’s programs, or ensuring that it is on track for accreditation, a well-functioning board can help its members fulfill their roles as trustees and provide services to the community.
Setting up a board agenda as well as schedule is an important structural element. It should be clear enough to allow directors to determine what issues need their attention and which ones can be delegated to committees or management. It should also define what the board is required to be consulted or informed on matters that don’t require a decision from the board in its entirety.
Finally, boards must be able recognize boardmaps successful collaboration their own shortcomings and areas to improve. A review every year is helpful because it allows the board to assess its performance with that of its peers.
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