www.managingbiz.net/2020/03/24/who-should-organise-effective-communication-between-partners-and-the-board-of-directors/

A board of directors is responsible for providing supervision of a business and its governance practices, and provides support for the strategy proposed by management. It is also responsible for ensuring that the company operates lawfully and in the best interest of shareholders and other stakeholders. The board may be made from a mix of outsiders and insiders, each of whom is elected to a particular period of time. The ideal board is diverse, well-rounded, and has a wide variety of experiences, skills and backgrounds. They should embody the company’s core values and show a commitment to the organization’s mission.

Boards should also be willing to take on risks and make difficult decisions. They must also show an understanding and ability to collaborate in a team-oriented manner. They should be able to articulate the strategic vision and direction of their organization, and comprehend how to create and implement an action plan.

Boards must be prepared to react quickly to changes in the business and societal environment. They should be proactive when it comes to the risk and opportunity, as well as managing talent and corporate finance.

An effective way to build a strong board of directors is to build an inventory of qualified candidates and inviting them to apply for jobs whenever openings arise. This can be as easy as posting a LinkedIn job advertisement or sending out an email with a message.