With our ongoing series 'Why Build an Effective Board For Your Company?,' this article focuses on important Topic #3: What Makes a Great Board?
This question is extremely important - after all, how can you build a great Board without knowing what will make it great? Over years of compiling a simple, yet effective, reminder as we advise, coach and build Boards, the following are our main 'go-to' considerations that you can also use to kick-start your thought process when building a Board or evaluating an existing Board:
Expectations of a Great Board:
9 Traits of a Great Board:
What will you consider when building or evaluating your Board?
Continue to watch for our ongoing series on the important focus areas you need to be thinking about in order to build an effective board for your company. Also, see the previous newsletters focusing on Topic #1: 'Why Create Your Board?' and Topic #2: 'When to Create Your Board?
Mark A. Pfister
Chairman & CEO
Integral Board Group
About the Author: In addition to sitting on numerous boards, Mark A. Pfister advises public, private and non-profit boards in efficient and effective operations. He is the inventor of the 'Board as a Service' (BaaS) engagement model and an expert project / program manager frequently consulting on strategic global initiatives in their initiation phases as well as programs that require remedial focus to bring them back on track. Mark holds a Professional Director Certification through the American College of Corporate Directors (ACCD).
Have Mark join you with his 2017 National Speaking Tour 'Building an Effective Board For Your Company' as he shows business owners and leaders the immense value of creating an experienced 'go-to' team.