You have probably attended a board meeting where decisions reached are not properly summarized for effective follow-up and accountability. And accordingly, no progress is visible. There are boards where the same issues keep coming up for discussion again and again. Sometimes it is a lack of resources allocated to dispose-off the issue. At other times, it is a lack of proper responsibility specified to champion the decision. Download the Free Template Here The 9th reason why board meetings fail is the inability to summarize action points or matters arising from the board meeting. The result is a lack of understanding…
Why do board meetings fail? Here are the top 10 reasons, part 1
When you are not a board member, you ogle at board members as they visit once in a while attend a board meeting with admiration. What you don’t know is that some have not taken deliberate effort to invest in improving their skills and experience to add value to the boards they serve. A board meeting is the number one forum that brings members together to discuss and make decisions, directives, or instructions to guide the business in terms of strategy and risk management. It is where decisions are taken and put on record. However, not all board…
The two governance insights you need to know as board members
A lot has been written about corporate governance and the role of the board. In these tough times, the board must rise to the occasion to steer the ship to safety and navigate the pandemic. Here are the two insights to keep in mind: 1. Strong together. The board is strong if members work together and as a team. An individual non-executive board member has limited influence over the executive in terms of holding the executive team accountable. The easiest way to influence and manage the board by the executive is using the divide and rule strategy. Many times, a…
Homily for Friday Seveventh week of Easter
In the twenty-first chapter of St. John’s Gospel, we find a gut-wrenching encounter between Jesus and Peter that defines the essence of Peter’s mission. To make this encounter unforgettable, Jesus takes Peter to the point of deep distress as he asks him not once, but three times, “Do you love me?” It is hard to imagine what this must have been like for Peter. I have a natural expectation that if your wife looked intently at you and asked, “Do you love me?”, you would answer, and all would be fine. But if she looked at you again and asked…
