Boardroom Efficiency and Generative Governance

Efficiency in the boardroom is crucial to maximizing the performance of boards. It requires a clear and concise meeting https://boardroomspot.com/from-boardroom-to-cloud-the-ultimate-guide-to-virtual-board-room-solutions/ structure and continuous communication. It also relies on an online portal that lets directors access their meeting materials and share the materials with colleagues online in real-time. These goals are difficult to achieve, particularly for boards with a limited time, due to shorter director terms and constant recruitment.

In an OnBoard webinar Corporate advisors Max Franchitto and Tamara Barr shared key strategies to ensure an optimum level of boardroom efficiency. They discussed how to increase participation and encourage a diversity of perspectives and skills. They also suggested ways to optimize the process of the board and enhance the performance of each director individually.

Certain types of boardroom dynamics could be detrimental to a board’s ability to exercise the principles of generative governance. For example, an over desire to find consensus and the lack of attention to critical thinking can lead to groups of thought and ineffective conversations that hinder the quality of decision-making. The tendency to dismiss an idea without fully understanding its foundation can cause mistrust and undermine the efficiency of a board.

In order to avoid these issues, boards should engage in open dialogue 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, providing directors with opportunities to discover common interests outside of the boardroom, and by including “hang time” in agendas for meetings to allow new members to become acquainted with their colleagues.

Written by Roberto Contreras