Boardroom efficiency is a key element in optimizing the performance of boards. It requires a clear and concise meeting structure, continuous communication, and an emphasis on thorough preparation. It is based on a portal that gives directors access to the materials for their meetings, and also to discuss them online with colleagues in real-time. These goals are difficult to achieve, especially for boards with a limited time because of shorter director terms and constant recruitment.

In an OnBoard Webinar corporate advisors Max Franchitto & Tamara Barr shared strategies to ensure high efficiency in the boardroom. They discussed how to increase engagement and foster the diversity of perspectives and skills. They also discussed https://boardroomspot.com/from-boardroom-to-cloud-the-ultimate-guide-to-virtual-board-room-solutions/ ways to improve the board process and improve individual director performance.

Some boardroom dynamics can be detrimental to the ability of a board to practice an generative approach to governance. For example, an excessive desire to find consensus and the lack of attention to critical thinking can lead to discussions that are ineffective and hinder the effectiveness of decision-making. Similarly, the tendency to dismiss an argument without having a full understanding of its foundation can create distrust and diminish a board’s effectiveness.

In order to avoid these problems, boards should be in constant communications with all directors and give them a platform to express their opinions and views. Boards can accomplish this by encouraging constructive and informal director communications between meetings, providing directors with opportunities to discover common interests outside the boardroom, and by incorporating “hang time” on agendas for meetings to allow new members to become acquainted with their colleagues.