7 Ways to Avoid Governance Mistakes

BoardPro’s free 7 Ways to Avoid Governance Mistakes guide is an essential resource for directors of small to medium organisations. When revenue producing activities are front of mind, it can be easy to ignore the potential consequences of board decisions. It’s important to remember that directors can be held accountable for decisions made by the board, and to cover all bases as best as possible.

As a board member, it’s important to educate yourself on how to govern in a way that is beneficial for the board while maintaining your reputation. As covered in the guide, insurance can act as a fallback in challenging situations, but you can’t insure your reputation. BoardPro’s guide gives you practical advice and resources to help you establish good governance and avoid mistakes from the beginning.

For detailed resources, including links, hit the download button now. At a glance, the guide covers the following tips:

1. Document everything in a legally substantial way. No handshake loans.
2. Remember that as a director your responsibility is to the company you govern.
3. Conduct regular checks to ensure guarantors or underwriters have the means to pay.
4. Don’t be afraid to seek independent advice.
5. Review your solvency situation daily during difficult periods.
6. Take out insurance for yourself.
7. Utilise a good board management system.

Whether it is your first time as a board member or you’re an experienced director, this guide will help you avoid common mistakes. Download BoardPro’s 7 Ways to Avoid Governance Mistakes guide today.