5 min read

The Difference Between A Board Of Directors And An Advisory Board

By Lottie Wright on 26/05/23 17:34

There are many different types of Boards an organisation can have, and there can be some overlap in their focus and purpose.

Almost every organisation will have a Board of directors, but not every organisation will feature an advisory Board. While there are commonalities between these two Boards, there are also some clear differences in their function within a company.

In this article, we’ll explore exactly what each Board does, and what they have in common, and what they do differently. 

Topics: Governance Executive Committee Business Insights
6 min read

What Does The Board Of Directors Do?

By Lottie Wright on 09/03/23 17:08

The Board of directors is a crucial element for any organisation. They are a key and necessary part of managing an organisation efficiently and ensuring the needs of both the organisation and its stakeholders are met.

Topics: Governance Executive Committee Business Insights
7 min read

5 Top Tips For Effective Board Reports

By Lottie Wright on 09/02/23 17:35

With more and more organisations transitioning into remote and online meetings, traditional in-person Board meetings are becoming a thing of the past. 

In order to maintain order within your organisation, effective Board reports are key to keeping things running smoothly. 


What Is A Board Report?

A Board report is information from several departments or committees condensed into a short and readable format. These reports are kept as records and are a part of the Board meeting minutes. These reports are useful as they document the actions of the Board and so can be called upon at any time, especially if there are any legal issues. 

Board reports should be reviewed by every member of the Board of directors and it should be made sure that the details of the report remain intact.

Board reports are usually prepared by the executive committees, as the organisation's executive branch reports to the Board.


What Is The Purpose Of A Board Report?

A Board report can serve a lot of different purposes. It can be used for setting milestones in fundraising or for financial reporting. 

They are useful tools for bringing Board Members up to speed, reminding said members of the commitments they have made to the organisation and creating a space for discussions and questions to be initiated. 

It condenses the information from committees reporting on their tasks and the executive director’s report on the performance of the entire company into a single, easy to digest document. This is then sent to the Board and presented during the Board meeting.

Board reports are crucial documents for every organisation. Knowing how to effectively communicate your organisation's performance, processes, activities, and direction is an important part of good governance

It informs the Board about company performance, what’s happened since the last meeting, and where the organisation is headed. They can really help in establishing the big picture for an organisation.

Here’s our Top Tips for ensuring your Board reports do their job:

Topics: Governance Executive Committee Business Insights
7 min read

How many subcommittees should a Board have?

By Lottie Wright on 13/12/22 14:05

Subcommittees are an essential role in good governance practices, but it can be tricky to know when to use them. You don't want to have too many overloading your Board Members workload, but you also need subcommittees to ensure that projects and issues are managed effectively. So we have put together this helpful guide so you can navigate the challenges.

Topics: Governance Executive Committee Business Insights
5 min read

A Guide To Board Governance Training

By Lucy Palmer on 28/09/22 11:00

As you know, good governance is essential to running any Board. It’s not only a great way of giving your organisation the upper hand in business, but in certain cases it is the law.

Topics: Executive Committee Business Insights
4 min read

What Is The Role of the CMO?

By Lucy Palmer on 22/09/22 10:00

No matter how great your company is, it’s worth nothing if you can’t communicate this to potential customers. From KFC to KPMG, every successful organisation needs a successful marketing strategy.

Topics: Governance Executive Committee Business Insights
5 min read

What Is The Role of the CIO?

By Lucy Palmer on 13/09/22 13:15

A strong software infrastructure is essential to running a modern organisation. You need to feel confident the technology you use is having a positive impact on your processes: from compliance requirements to efficiency.

Topics: Governance Executive Committee Business Insights
6 min read

What Is The Role of the C-Suite?

By Lucy Palmer on 05/09/22 11:27

Every successful organisation in the world needs a strong leadership team. The C-Suite is at the centre of this structure. A great C-Suite will allow an organisation to thrive and achieve their long-term aims. But what exactly does this term mean?

Topics: Executive Committee Business Insights
5 min read

What Is The Role of the COO?

By Lucy Palmer on 05/09/22 10:25

The COO, or Chief Operating Officer, of a company is the person who ensures the organisation functions as it should. They are responsible for planning business strategies to help the company run as smoothly as possible.

Of course, every member of staff should be involved in this process to some degree. But the COO is the main executive responsible for daily organisational processes. They must maintain a clear, cohesive infrastructure for governance.

Topics: Governance Executive Committee Business Insights
4 min read

What Is A Steering Committee?

By Lucy Palmer on 22/08/22 14:36

A Steering Committee is a group formed to oversee the running of a project and provide advice. It is made up of experts or senior stakeholders – such as high-level executives or clients who will be impacted by the project.

Topics: Governance Executive Committee Business Insights
5 min read

What Is The Role of a CFO?

By Lucy Palmer on 11/08/22 18:06

What Is a Chief Financial Officer (CFO)?

Every company needs to deal with the challenges of finance if they want to succeed. The Chief Financial Officer or CFO is the executive who is in charge of handling this aspect of the organisation.

Topics: Executive Committee Business Insights
5 min read

Who Are The Primary Users Of A Board Portal?

By Gabriella Mangham on 31/01/22 18:34

Who Are The Primary Users Of A Board Portal?

There are three stages to every meeting process: planning, execution and resolutions. As such, there are also three main users of Convene’s Board management software: those who plan, those who meet, and those who do. 

Topics: Board Portal Features Convene in Teams Executive Committee Why Convene?
3 min read

What Is The Role Of A Governance Manager?

By Lucy Palmer on 22/11/21 11:07

For many companies, a Governance Manager is a useful role when it comes to maintaining compliance. Although it is not essential, the responsibilities of the Governance Manager must be fulfilled by someone in the organisation.

Topics: Governance Executive Committee
4 min read

What Is The Role of The Head of Corporate Services?

By Lucy Palmer on 22/11/21 11:07

 

Topics: Governance Executive Committee
7 min read

How To Fire a Senior Executive

By Lucy Palmer on 23/08/21 18:10

Your senior executive team is at the heart of your organisation. They make the day-to-day decisions that decide the fate of the company. Unfortunately, sometimes they are not up to scratch. 

Topics: Governance Executive Committee

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