What is eParliament?
eParliament is a framework composed of structures, processes, rules, and practices from which the board operates and is directed. Effective board governance involves competent board leadership, efficient management processes, and strategies to attain the enterprise’s goals.
Why is Board Governance Important?
eParliament
Good board governance is vital to an organization’s long-term success as it provides the strategic direction and guidelines for the day-to-day operations of the company. Ineffective or bad board governance can lead to malpractices, mismanagement of resources, abandonment of responsibilities, financial distress, and even legal consequences for the organization.
Best Practices in Board Governance
eParliament
- Review the current governance framework
- Oversee and manage the strategies of the company
- Develop policies to uphold legal compliance
- Establish efficient management processes for the members and employees
- Collaborate and communicate in meetings, whether physical, virtual, or hybrid
- Regularly assess the board processes to improve board performance and develop accountability
