Boardroom efficiency is key to optimizing board performance. It requires a clear and concise meeting structure as well as continuous communication. It also relies on an online portal that lets directors access their meeting materials and share them with colleagues online in real-time. These goals are difficult to achieve, especially for boards with a limited time, due to shorter director terms and constant recruitment.
In an OnBoard Webinar Corporate advisors Max Franchitto & Tamara Barr shared strategies to ensure https://boardroomspot.com/from-boardroom-to-cloud-the-ultimate-guide-to-virtual-board-room-solutions/ high efficiency in the boardroom. They discussed how to increase engagement and foster diversification of skills and perspectives. They also offered suggestions to optimize the process of the board and enhance the performance of each director individually.
Certain types of boardroom dynamics are harmful to the ability of a board to practice democratic governance. For example, an excessive desire to find consensus and an absence of critical thinking can lead to groupthink and ineffectual conversations that hinder the quality of decision making. The tendency to dismiss an idea without understanding its true meaning can also cause mistrust and undermine the effectiveness of a board.
In order to avoid these issues, a board should maintain open communication with all directors and give them the opportunity to express their opinions and perspectives. Boards can do this by encouraging informal and constructive director communications between meetings, offering opportunities for directors to meet common interests outside of the boardroom, as well as by incorporating «hang time» in agendas for meetings to allow new members to get to know their peers.