The perfect board governance is an elusive concept. It is a goal that boards must strive to achieve. They can get there if the boards data analytics in IT performance monitoring understand what good governance for boards will look like.
To do so boards must be designed properly, well-chosen, and focused on the future. They should be able to balance the wants and needs of the business as well as those of their stakeholders. They must also be able to deal with new regulatory pressures, when they arise.
The success of a non-profit ultimately rests on the board’s ability to tackle these challenges, and make sure that they are in a position for a long-term sustainable future. A strong board can assist its trustees to fulfill their responsibilities and serve the community by ensuring the programs of an organization are safe or on track for accreditation.
Setting up a board agenda and schedule is an important element of the structure. It should be simple for directors to decide which issues require their attention and the ones that are delegated. It should also define the time when the board should be informed or consult on matters that don’t require a full board decision.
In the end, boards must be able recognize their own shortcomings and areas for improvement. A review every year is helpful as it allows the board to evaluate its performance against that of peers.