There are several traps that a board of directors risks falling into. This is the second in our series. The first trap is here.
Trap
Redo the work of the committees
It can be tempting for a board of directors to redo work already done by committees, which can result in a waste of time and resources. Indeed, this risks diluting the responsibilities of the committees and creating unnecessary duplication within the organization.
Risk
Do everything in CA, thus lengthening meetings and causing the erosion of trust between team members.
When the board gets too involved in the details of committee work, it can lead to longer and more time-consuming meetings. This can also lead to a decrease in trust between team members, as this can be interpreted as a lack of trust in the committees and their skills.
Trick
Maintain a high level of competence within committees and ensure that they clearly report their work to the board through clear and concise recommendations.
One tip to avoid this trap is to ensure that board committees maintain a high level of competence in their respective areas. Additionally, it is important that committees clearly report their work to the board of directors in the form of clear and concise recommendations, thereby enabling informed decisions by the board.
Impact
All governance work carried out diligently and efficiently thanks to a CA comfortable asking questions to fully understand the recommendations and make informed decisions.
By maintaining a clear balance between the responsibilities of committees and those of the board of directors, all governance work can be carried out diligently and efficiently. This allows the board of directors to ask constructive questions to fully understand the committees' recommendations, thus promoting informed decision-making for the organization.
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Julie Léger , GPC.d
Alain Vachon , GPC.d
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