The presence of a well-structured board of directors is synonymous with organizational excellence. However, the effectiveness of a board hinges on the caliber of its members, necessitating a judicious approach to their recruitment and compensation. A truly impactful board comprises individuals with diverse skills, varied exposure, and extensive experience, aligned with both current and future business needs. As the saying goes, “If you need a board member, recruit a board member. If you need a volunteer, recruit a volunteer,” the importance of strategically acquiring talent cannot be overstated. Despite the universal desire for proficient directors, some companies aspire to secure…

“Yes, Mum,” “Yes, Sir,” “You are on point Chairman,” “As the Chairperson has said,” “I concur with the guidance of the Chairman,” etc are common words you hear in most Boardrooms. The desire for harmony or agreement by a group of people, in this case, board members often lead to dysfunctional decision making as some members may lack the backbone to speak up with an objective mind or a voice of reason to what is on the table before them. We have seen the groupthink risk in politics, where some decisions by the Members of Parliament in their desire for…

On March 14th, 2013, the Board Chairman informed members at the board assembly that one of the directors had resigned mentioning busy and conflicting schedules. the primary reaction from one of the directors turned into “appropriate riddance!” the majority of the directors shared comparable sentiments. Some people are sick. They resign expected to be begged to stay, not knowing that peers and other colleagues alike are tired of their presence. You must continuously reflect on the value you add and whether it meets expectations especially of the appointing authority and your close peers. Key questions to continuously ask yourself are: How dynamic and impactful are you on the board? You need to manage board dynamics so that you impact not only fellow board members but…