How do you measure the impact of your board?  As explained in part 1, I have found four practices that must be fostered among board members – open dissent, individual board member accountability, a climate of trust and candour, and above all, timely board evaluations to assess the board and individual board member impact. Let’s explore individual board member accountability. Effective boards set to define how their term shall be measured to say it was effective by setting specific targets for the board over the term. Thereafter, members set clear targets for each board member and hold each one…

During the #Covid19 lockdown, many people found themselves at home with their partners for a longer time than usual. The period also provided an opportunity to deepen bonding among siblings and family members alike. It was a good period to cool down and reflect on the future. Some family business owners and entrepreneurs embraced the lockdown period by investing in learning new skills and exploring opportunities to digitize their businesses.  Below are some key terms you need to know when it comes to automating your business. E-Business The term e-business (electronic business) is defined as the use of electronic means…

Winning boards are a result of how people work. It has nothing to do with a plethora of board rules and regulations. After serving on several boards, I know from experience that a good Chair can make or break the effectiveness of the board. The role of the Board Chairman is to manage board dynamics to perform its duties as defined in the board charter. This involves giving adequate airtime to all members and allowing practices that encourage mutual respect and informed discussions. Great boards have effective social interaction systems – forums where board members engage each other and discuss…