Governance Archieven - iBabs

Here Is A Sample Letter To Remove A Board Member With Respect

Date: 7 February 2022

With the honour of becoming a board member comes great privilege and responsibility. However, in some cases, board members may tarnish the reputation of a business with their actions, act unlawfully or simply not fulfil their obligations. In such cases, and in the absence of them volunteering to leave, you may want to remove a board member respectfully.  Interestingly, PwC asked board members whether they believed that at least one member of the board that they’re on should be replaced and 40% of those asked said yes. So, it seems to be a fairly prevalent issue. How do you remove […]

Solidify The Relationship Between The Board And The Executive Director

Date: 28 December 2021

“Trust is like the air we breathe. When it’s present nobody really notices, but when it’s absent, everybody notices.” – Warren Buffett The responsibility of the executive director (or CEO) and the board of directors is, ultimately, to drive the business forward. Ideally, they would be focused on generating revenue and profit for private companies as well as driving donations, fundraising activities and operations for nonprofit organisations.  While the CEO and the board have shared long-term goals, sometimes they can disagree or miscommunicate and relationships can suffer. In these situations, strengthening the relationship between the board of directors and the […]

The Subtle Art Of Holding The Board Of Directors Accountable

Date: 26 October 2021

“The board’s role is to pull management out of the trees to see the forest”  — Pearl Zhu Directors should have their eyes on the organisation’s strategy. They should oversee the execution of that strategy and make sure that managers can see the bigger picture.  But how do you hold the board of directors accountable? And how do you quantify what they have achieved? With managers, it’s easy. There are concrete targets to meet and specific projects to carry out. But directors’ to-do lists are much more fluid and their achievements are sometimes realised in the long term, making it […]