Board Management is the process of managing a board of directors (or trustees) to ensure that all members are informed, engaged and functioning well as a unit for the benefit of the organisation. This involves implementing the best practices, such as clear communication and efficient board meeting management.

The role of a board is to determine the direction of your company, along with the general manager or CEO, and periodically interact with them to ensure the company is on the right the right path to reach its goals. The most effective boards are made up from a mix of people with different skills and backgrounds that can assist in making sound decisions for your company.

Ideally, the board will be composed of one chairperson, who is accountable for the running of the meetings as well as representing the board at any events, and one or more vice chairs. This is a vital position and it’s often the more experienced members that are selected for it. A virtual data room great chairperson will make sure that board members feel valued and respected by creating an atmosphere of respectful dialogue.

The most efficient boards can achieve the highest levels collaboration and teamwork. Open dialogue, transparency, and the use digital tools enable the board to interact in a meaningful way even when they are scattered across the globe. For example using a portal for board members for real-time collaboration and secure document sharing enables directors to remain connected and take part in the decision-making process, even when they are busy with other commitments.