Enhance Board Processes

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Enhancing Board Processes: Where the rubber hits the road.

Transcript of Enhance Board Processes

Page 1: Enhance Board Processes

Enhancing Board Processes:Where the rubber hits the road.

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Enhancing Board ProcessesWhere the rubber hits the road

One of the board’s central responsibilities is to steward tangible assets, oversee operations, manage legal compliance, and ensure fiscal accountability.

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5 Sections

Optimal Situation

Practical Reality

Useful Tools

Implementation Tips and Tricks

Pitfalls to Avoid

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Optimal Situation

Board members should understand what is expected of them, be able to readily access relevant, critical data to inform their thinking, prepare for meetings, and support prudent oversight.

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Practical Reality

Often information is inaccessible and standards are lacking in terms of the depth, frequency, and format in which boards should consume information

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Useful Tools

Board management software has been designed for the express purpose of arranging, and making securely accessible, important data, records, policies, and resources.

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Implementation Tips and Tricks

When boards adopt technology to help uphold their fiduciary obligations, it is important that they first spend time clarifying what information they need when, how they plan to use that information, and why it is important.

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Pitfalls to Avoid

Codifying process standards prior to adopting a technology solution will go a long way toward ensuring organizational success with that system.