Every board needs a work plan

Board membership is not about receiving hefty allowances and/or remuneration for mediocrity.

Photo credit: Shutterstock

During board evaluations for clients, we often insert a question asking whether the board has a work plan. Quite often, directors respond yes and, on further interrogation, they claim that the board is good at sticking to its meeting calendar and agenda.

A board work plan is not the board meeting calendar. Neither is it the board agenda.It is an overarching road map to where the board wants to go during the next calendar year.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.