Discuss factors that affect Board effectiveness and suggest any 5 measures you would recommend to enhance...

Discuss factors that affect Board effectiveness and suggest any 5 measures you would recommend to enhance board effectiveness.

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Expert Solution

Board effectiveness is one of the most important aspect of an organisation as overall running of an organisation depends upon its boards.

Some of the factors that affect board effectiveness are as follows -

Effectiveness of board is highly dependent upon its members and their cooperation.
Team work of all the members of board
definition of all the mission and vision of the organisation
succession plans
Allocation of all the capitals and its utilisation
Acquisitions
Orientation and composition of board
Accountability and responsibility of members of board

Five measures in order to enhance board effectiveness are as follows -

Proper orientation and composition of board and by making good policies for the organisation
Development and coping of strategies of the organisation with the changing working environments and technologies
Proper balancing of all the aspects of compliance of board's work and it's responsibilities
Proper concern on all the feedback received by all the pain points of the organisation
Proper and regular self evaluation of the effectiveness of board.

keosha answered 1 year ago

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