Do your board members only think they know what their board policy manual says?
Whether your board of directors is using the Policy Governance® system or not, there is no point in having any board policies if nobody knows or understands them, if they are not used, and/or if there is no regular way of checking to see if the policies are being followed. But knowing, understanding, and being accountable is difficult if board policies are lengthy, complicated, disorganized, incomplete, out-of-date or irrelevant.
Using Policy Governance principles is advantageous because your board will create policies that:
- say only what is necessary, and no more;
- are comprehensive enough to include any/all situations;
- are organized, logical, consistent, and easy to find;
- generate results that are monitored on a regular basis;
- reflect input from owners and key stakeholders, as well as board members’ values.
To learn more on how to create a practical, time-saving, and meaningful board policy manual, take the Board EXCELerator, our online governance course, or click here to schedule a free consultation.
Video clip from The Andy Griffith Show, season 4, episode, 8, “Opie’s Ill-Gotten Gain,” directed by Jeffrey Hayden, starring Andy Griffith, Don Knotts, by production company Mayberry Enterprises, 1963.
See also: Is your board of directors ready to explore Policy Governance? and Policy Governance: Six Benefits over the ‘Traditional’ Approach