Wednesday, February 09, 2005
The Link Between Board Development and Strategic Planning
The link between board development and strategic planning; it's a theme that I will return to again and again. Effective strategic planning requires the engagement and leadership of the board of directors; involvement of the board in strategic planning is one of the most effective ways - probably the most effective way - to strengthen the board. Today, I came across an excellent resource for understaning this connection between board development and strategic planning: The Dynamic Board: Lessons from High-Performing Nonprofits from McKinsey & Company. The report summarizes the best practices identified through McKinsey’s interviews with the directors or board chairs of 32 highly-regarded nonprofits. Included with the report is a self-assessment tool for nonprofit boards. This is one of the best board assessment tools available and comes in 5, 15 and 30 minute completion time versions. You'll need to register to access the report and the three assessment versions. Go to: http://www.mckinsey.com/practices/nonprofit/ourknowledge/dynamicboards.asp. The report and the assessment make constant links between strategic thinking and planning and board effectiveness. Very well done!