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Board Management is a set of best practices that help a company to achieve its goals. This includes selecting and supervising the CEO, creating an overall strategy and setting guidelines for the board. It is also essential to establish a governance system that includes committees which meet regularly and provide regular reports to the board. The role of the chair is also crucial. It is important to find a person who can help to engage members, conduct productive meetings and ensure follow up is done.

The board must be able discuss and decide the company’s strategy and this is only possible if all members are involved. The best way to achieve this is by having regular meetings and making sure that all board members are aware of their obligations and roles, how they are a part of the overall board function and what they are expected to do during meetings and between them.

The most important aspect is making sure that everyone is on the same in sharing documents and information. This is why it’s crucial to utilize a board portal that can be tailored to and securely share documents with only those who need access to them, whilst maintaining data security. It is vital that all board members are able to access the most up-to-date information. A digital platform makes it simple to do this, and it reduces the requirement to print out materials.