The ideal board governance is a difficult concept to achieve. It is a goal boards must strive for. They can achieve it if the boards understand what good board governance will look like.
To achieve this, boards need to be well-structured, vetted and geared toward the future. They must be able to effectively keep in balance the requirements of the business with the requirements of its stakeholders and shareholders. They should also be able to handle new regulatory pressures whenever they arise.
The success of a non-profit organization ultimately depends on the board’s ability to address these challenges, and make sure that they are set for a future of sustainability. This could mean ensuring the quality of an organization’s programs or ensuring that it is on track for accreditation or accreditation, a strong board will help its members fulfill their duties as trustees and help the community.
Establishing a board agenda and schedule is a crucial structural element. It should be easy for directors to decide which things require their attention and the ones that are delegated. It should also define the time when the board should be notified or consulted on matters that do not require a full board vote.
In the end, boards must be able recognize their own shortcomings and areas of improvement. An annual evaluation is useful as it allows the board to assess its performance with those of peers.