June 4, 2012
No matter what your organization’s size or specialty in the health and human service field, an effective board of directors is a more essential to success than ever before. But there is a caveat. What it takes for a board to be successful is very different than just ten years ago.
How different? That was the focus of the June issue of the OPEN MINDS Management Newsletter – optimizing the contributions of boards of directors to the organizations they serve. My cover story for the issue, What Do Board Members Need To Know? all members frames what I see as the big differences a decade can make in essential board focus:
The need to understand the health and human service environment well enough to participate in prudent decision making
(see Increase Your Board’s Impact: Recruiting & Vetting Nonprofit Board Members from The Bridgespan Group)
Facilitating the creation an enterprise-oriented strategic plan
Developing actionable financial and performance reporting (for more, see A Better Metrics Dashboard Means A Better Nonprofit Board by Paul Lefkovitz, Ph.D.)
Setting parameters for action– from parameters for new service line development, for terminating programs, for mergers, and more.
My colleague, OPEN MINDS Senior Associate Howard Shiffman brings the perspective of a former CEO and survivor of a merger in his great piece – Managing Your Boards Of Directors: Strategic Advice For CEOs . Howard offers seven tactics CEOs needs for today, and six additional tactics CEOs need for tomorrow as they search for the best ways to keep their boards involved and on-board with the constant change that is now a requirement for organizations that strive to stay competitive. Keeping boards updated, informed and aware of the market pressures is critical to making them aware of the changes in strategy that can’t move forward without their support.
Increased competition, reimbursement pressure, financial risk, and regulatory compliance requirements are here to stay. And, the role of the board needs to adjust and address these critical changes. If you have tips on keeping boards of directors in tune with the changing market, I would like to hear from you at email@example.com.
Monica E. Oss
Chief Executive Officer, OPEN MINDS
For another free resource, see: Keeping Your Board “On Board” all members
This is free for the next sixty days to all registered OPEN MINDS Circle members.