Board work is a misunderstood element in entrepreneurship. It is a great asset, but often seen as an unnecessary administrative burden. But many companies could grow faster and be more successful if they had a board of directors, and if they would do board work.
Board work can be split into three categories:
- Strategic: How does the company fulfill the owner’s goals in the long term?
- Operational: Does the company work efficiently towards strategic goals?
- Control: Does the company act according to rules and regulations, in the best interests of the owners?
But above all, the board should work as a coach and provide support for the CEO. If you want to read more about this, read this booklet! It is a very easily accessible guide, as to why you should have a board and what the board does, co-authored by our founder and CEO.
In practice, board work is about discussing issues arising within the three categories. This requires you to know how to put together an agenda, remember to send it out together with all the relevant materials, write the meeting minutes and get those meetings signed.
Luckily, you can automate most of this work using Kuveno. You can even plan your whole year using an easy wizard. After that, Kuveno will remind you of the things you need to do, and help you get them done.
Board work doesn’t get any easier than this!