Board Directors are the foundation of a company. They provide the oversight and guidance to enable CEO’s to deliver their businesses well for stakeholders. It’s a wonderful privilege and for those who are looking to make a difference in the world it is a rewarding experience. It pushes your leadership capabilities and requires you to step outside of your comfort zone, and allows you to establish very close relationships with other board members. It also exposes weaknesses you didn’t realise you had and teaches you how to tackle these weaknesses.
While the perks of sitting on a board are many however, there are some significant issues that all boards face at some point. This article will explore 5 of www.boardnearme.com/communicate-effectively-to-create-better-board-relationships/ the most common challenges that Boards face and how they can overcome them.
1. New Non-Exec Directors
It is crucial that directors who are not executive directors joining the board of directors for the first time, prepare themselves appropriately. Traditionally, the process of appointing new board members was usually done by handing them an enormous stack of reading materials that included everything they needed to learn about the company as well as the board.
It is crucial to communicate with them individually, however since companies are changing rapidly and many non-executive directors have a diverse background. This can be done via calls or video chat, a personalised LinkedIn message or, even more effective, face to face. This will allow them to discover how they can add value to their first board meeting, and build relationships with the other directors.