#summitSTRATEGY & execution,  #WinningMindset

Board member effectiveness and reflection

The primary role of the board of directors is value addition. Every board member must take self-reflection and, ask “which value do I bring on this company’s board?”

At the end of every board meeting, the board chair must always ask his board: which value did we add today? Did members just waste the time and money in sitting allowances or the meeting added value? Which value?

Read: Is your board empowering you?

Each board member must answer the following:

  1. Why do I deserve a sit on this table? What are your specific roles and responsibilities? If you are a lawyer, how do you add value? For each agenda item do you provide a legal opinion with informed analysis of legal implications for each option available? How much legal costs have your presence on the board saved the organization? Do you challenge the company lawyers so that they do more to add value?
  2. How organized is the board to be self-assessments during a crisis? Do you have clear communication protocols and strong mechanisms of ‘micro-monitoring’ to stay updated and avoid surprises?
  3. How do you evaluate the effectiveness of the board members? Does the board conduct self-assessments to evaluate its performance? What is the basis for the self-evaluation? Does the board have a clear scorecard against which it evaluates its performance?
  4. What are the top 4 measures of your board effectiveness?

Related: Know Your Mandate as a Board member, the strategic foundation of the organization as well as its objects

Answering the above questions will improve the value you add on the board.

Copyright Mustapha B Mugisa, 2019. All rights reserved.

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Mustapha Barnabas Mugisa is one of those rare people who provides business consulting and advisory to professionals and corporate entities who demand the very best. He is a prolific speaker and governance (strategy and risk) expert. His speaking involves making key notes at major conferences and business events on both technical subjects and leadership skills. A change agent and motivational speaker. Mustapha provides tools and proven methodologies to remarkable results through making people appreciate change. Visit Mustapha's LinkedIn profile to know more. Mustapha is the architect of #WinningMindset Leadership and #WinningTheGame strategy approach that combines Harvard Business strategy Playing To Win, with the Blue Ocean Strategy and Balanced Score Card to deliver a strategy that is easy to execute and monitor. Visit www.mustaphamugisa.com for special insights to improve your condition. Are you too good to be great?

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