The board’s main role is to oversee the strategic goals of an organization and delegate the day-to-day activities to the executive team. However, many business owners struggle to understand how a board of directors can be effective when they are driven entrepreneurs who are determined to manage their own show.

The number of inquiries for tips for managing boards is rising, indicating that this subject is vital for business leaders of today. It could be due to recent scandals have brought attention to corporate accountability, or that a lack of board governance is a recipe for disaster.

Boards must always be independent in their decisions. This is one of the most important principles of good governance. This means they must not take into consideration any interests from outside that could affect their impartiality regardless of personal beliefs or friendships with other directors. They should also be wary of favoritism and should only offer posts to friends and family when they are the right fit for the organization.

A well-organized agenda can make any board meeting more effective. It must be clearly divided into informational, actionable, and strategic discussion categories. This will simplify the board’s discussions and save time, because less time is wasted on non-controversial issues. Similarly, committee suggestions as well as other minor, non-controversial issues should be included in a consent agenda so that they cloud security best practices for businesses can be easily approved by a simple majority vote.