A healthy and productive relationship between the board and management is essential for good administration and organisational effectiveness. But this may become a real challenge.
In order to have a stable structure and an environment based on trust and respect, boards and management should share the same vision and objectives. Closely followed by the importance of a clear understanding of roles, delegations and boundaries, in which the board and management respect each other’s responsibilities, contributions and expectations. The key to a fruitful relationship depends on the open flow of relevant and prompt information in both directions.
A lot of challenges arise from this complex relationship. Most of the time, board members expect management to accept that it’s their role to monitor and question, probe issues and offer insight based on their knowledge and experience.
In order to have a stable structure and an environment based on trust and respect, boards and management should share the same vision and objectives. Closely followed by the importance of a clear understanding of roles, delegations and boundaries, in which the board and management respect each other’s responsibilities, contributions and expectations. The key to a fruitful relationship depends on the open flow of relevant and prompt information in both directions.
A lot of challenges arise from this complex relationship. Most of the time, board members expect management to accept that it’s their role to monitor and question, probe issues and offer insight based on their knowledge and experience.
