With a tip of the hat to a certain late night TV talk-show host, I have been thinking about what makes a board “good” or “bad” and have come up with a top twenty list that covers a lot of ground. I originally titled this article “Top Five”…then Top Ten…but had to go to twenty items on my list.
Well, here’s my first ten items. I’ll post the rest soon. What did I miss? Drop me a note with your thoughts…
- Weak strategic planning and poor alignment of goals, tactics, resources and activities with the mission.
- Infrequently monitor financial results
- Rely on too few revenue sources and not nurturing a variety of independent revenue streams
- Filling the Board with “resume builders” who have little or no passion for the mission
- Tolerating poor performance and poor governance
- Micro-managing the organization’s leaders
- Failing to make investments in organizational capacity-building, such as training of employees, and important organizational infrastructure features like information management, human resource management, and using economies of scale
- Permitting complacency to slip into the organization
- Avoiding organizational, employee performance, and board member annual reviews
- Permitting a culture whereby the ED/CEO, or Board President becomes bigger than the organization and its mission