Does your board ever get stuck in long, inefficient meetings? Do they ever struggle with decision-making? If so, it might be time to rethink your governance model. A strong governance framework is key to better decisions, efficient meetings, and clear accountability, so everyone knows their role and time isn’t wasted.
What’s the Right Governance Model?
Not all models fit every organization. Here are three of the most common ones:
- Traditional Model: The board provides oversight while the CEO handles day-to-day operations. Decisions are usually made by majority vote. It’s simple and familiar but can easily be misused if roles aren’t clear.
- Carver Model (Policy Governance): This model separates governance and operations entirely. The board focuses solely on policy-making, leaving all operational decisions to the CEO. While it provides clarity, it can be complex to manage.
- Hybrid Model: A blend of different models, often using elements of traditional governance with other decision-making structures. It’s flexible and adaptable, making it easier to tailor to an organization’s specific needs.
The key is not just picking a model, but ensuring it’s used properly. Before diving into a new model, ask: Is the model itself the issue? Often, the problem is not the model but poor processes—weak agendas, unclear policies, or ineffective facilitation. If the model doesn’t align with your goals, consider making a switch.
Steps to Make Governance Work
- Define Your Goals: What outcomes are you aiming for? More focused meetings? Faster decision-making?
- Fix What’s Broken: Identify whether it’s the model or just processes that need tweaking.
- Engage Stakeholders: Get feedback without getting bogged down in too many opinions.
- Document & Train: Make sure everyone understands the governance framework and has the tools to implement it.
Keep Your Board on Track
Good governance requires deliberate choices and proper implementation. If your board struggles with direction or efficiency, it might be time to refine your approach and get aligned for success.
Looking for more information on which governance model is right for you? Head over to YouTube and view the recording for Erin Roberts’ latest webinar on this very topic!