NACD Library

Board Dynamics

Board Dynamics Cover
Series: Directors Handbook Series
Product Code: DHS-021
Publication Date: 2012
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Resource Description:

The days of boards recruiting directors for their names only are long past, and director responsibilities have grown exponentially in recent years. Board Dynamics: How to get Results from Your Board and Committees has been updated to offer practical advice on how to make boards run more efficiently; how to have productive meetings; how to communicate with each other and management constructively; and in general how to become more engaged in the governance process. Complex interactions of the board as a whole are more than just the sum of their parts: this handbook looks at the "moving parts" as well as the whole of the system that is corporate governance in action.

Among the duties of effective boards:

  • Improving management's plans by asking divergent or challenging questions
  • Recommending new business contacts to management
  • Ensuring the organization's future by taking the long term view
  • Nurturing growth by championing innovation
  • Ensuring accuracy of the organization's financial reports through thorough scrutiny
  • Adding credibility to the organization's decisions through due diligence and independence
  • Hiring the right CEO and giving that person regular performance improvement feedback
  • Providing the right mix of incentives that aligns management with delivering share value
  • Removing non-performing officers
  • Focusing the organization's attention on strategic imperatives