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Boards looking to improve performance will require a comprehensive approach. This should include ensuring the board has the right mix of skills, fostering an environment of positive vibes by streamlining processes and executing regular evaluations. By addressing these key areas boards will be able to improve their practices and speed up the decision-making process.

The chair of the board plays a vital role in determining how well the board performs. A chair with weak leadership or coordination skills is less likely to be in a position to create an environment where directors are able to contribute their unique perspectives, and have productive discussions. A chair who is unsure and overly controlling can create a situation where the board is not transparent and discussion is restricted.

Dysfunction is among the most frequent issues a board faces. The problem could be triggered by personal conflicts between board members or could be due to inadequate structures which facilitate the board’s obligation to evaluate performance. The transfer of these duties to an executive committee or the board is often the cause of subpar oversight.

The ability of boards to analyze and access information is an additional factor. Access to the right information can improve the effectiveness of boards, and allow boards to make better decisions. Many boards don’t have efficient processes for sourcing information and sharing it. If this isn’t addressed the issue will make it difficult for the board to improve its performance.