How to Resolve Board Member Disputes
Because?boards of directors?are composed of diverse members with varying perspectives, disputes can arise when making big decisions at?board meetings. Board conflicts?are often normal, healthy events. Board members should care about the decisions they make and feel free to express their opinions to the rest of the group regardless of any disagreements.?
However, the board chair should understand how to mediate board conflict before tensions rise to a level that impedes the board’s ability to work. Whether you serve a nonprofit board or a for-profit company, good corporate governance isn’t just about leading the organization to accomplish its goals. It’s about understanding how to manage people so they can be their best selves at work. In this article, we’ll explain how to resolve board member disputes to maintain a productive work environment.?
Understanding Good Governance
Sound?corporate governance?is the source of all high-functioning organizations. It’s a system of rules that defines an organization’s decision-making process and how major stakeholders should conduct themselves when representing the organization.
When these guidelines are properly implemented, they create a set of standards that help cultivate a workplace culture based on fairness, transparency, responsibility, and risk management. Good governance also acts as a shield that protects the organization from financial, legal, and ethical issues. Examples of governance policies include keeping accessible records of?board meeting minutes?or other important documents, utilizing? training management systems, and conducting vendor audits.?
领英推荐
Open discussions with stakeholders and thorough data analysis inform effective governance policies that guide an organization’s daily operations.
Steps to Resolve Board Member Disputes
Your governance framework should have some room for disagreements, but there comes a point when arguments must be curbed before they escalate. Here are some tips on how to settle board conflicts:
Want to read more about how to resolve board member disputes? Read the blog: https://www.onboardmeetings.com/blog/board-member-disputes/