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How Do You Get Harmony In Any Board Room?

How Do You Get Harmony In Any Board Room?

The Board room is the nucleus of governance in any company of Not-for-profit organization. Sometimes, conflicts will arise that reduces the effectiveness of any decision making, because individual motivations affect it.

How do you get harmony?

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    Identify the misaligned motivations.
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    Work for transparent communication.
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    Do motivation assessments of each director.
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    Then harness the collective motivations for success.
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    The Chair should foster a culture of collaboration.
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    Establish agreed objectives.
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    Promote diversity and inclusion of different thinking.
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    Provide ongoing education and development.
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    Implement conflict resolution mechanisms.
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    The Chair should lead by example.

What motivates directors?

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    Contributing to the company success.
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    Their personal reputation.
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    Fear of regulatory penalties.
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    Shareholder or member criticism.
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    Financial benefit, if performance is linked to their fees.
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    Maintaining their own ethical standards.
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    Being respected by their peers.

Any skills matrix used or selecting new directors often fails to test or assess behavioural traits. This potentially hinders effective governance and the many challenges of corporate governance.

I find it interesting that people often complete a psychological assessment to get a job, as part of the recruitment process, but directors never do. Yet they are the key people in driving company success or failure.

Understanding and harnessing director motivations are pivotal in gaining Board room harmony and align them with the strategic goals of the company. This way boards can navigate al the complexities they have to deal with confidently and steer towards collective success.

Perhaps make it an agenda item for your next board meeting.

Remember if I can be of any help to your business simply email at info@tappadvisory.com.au or ring me on 0411111588 and I will be happy to assist, at no cost to you.

Warren Tapp
Tapp Advisory, Business Consulting Gold Coast.
Business Profits Made Easy.

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Get Your Copy – Board Basics

Resources from the Tapp Advisory Store:
  • Board Basics – Hard Copy – A simple introduction to the roles and responsibilities of Directors on Boards. It is a non- technical book you can use as a handy reference guide if you report to a Board, or you are appointed to one in Australia. It is a 68- page paperback.

Questions for Company Directors ebook

Questions for Company Directors

Questions for Company Directors – Hard Copy

The book ‘Questions for Company Directors’ is a simple handbook to inform directors about the questions they need to put to management as part of their oversight role.

Directors should keep this book handy at all times – and keep asking those questions!

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Club Board Training to improve your Club Governance

Club Governance Online Training Program is for all Board and Committee Members

Does your Organisation’s Board, Committee and each of the Directors know how to do their jobs?

Now there is a solution to ensuring your Board or Committee know how to do their job and protect your Organisation!

Club Governance Online Training Program is for all Board and Committee Members

Does your Organisation’s Board, Committee and each of the Directors know how to do their jobs?

Now there is a solution to ensuring your Board or Committee know how to do their job and protect your Organisation!

Got a question? Or need a hand?

Please contact me for an obligation free chat.

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Warren Tapp

+61 411 111 588

info@tappadvisory.com.au

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