Board governance is a crucial aspect of a business's success, but it comes with its own challenges. It doesn't matter if the challenge is ensuring that the board is current on the most effective practices or the challenge of overcoming resistance to change, there are always new hurdles to be overcome.

This article discusses several emerging best practices that could bring a business to a new level. It explores new developments in the realm of board continuing education, and also identifies the best practices related to director evaluations and committee rotation. It developing a proactive cybersecurity culture also discusses the use of an online portal specifically designed for board members to increase efficiency and transparency.

A successful, efficient board requires the right mix of directors. It's important to ensure that the board consists of people with a broad spectrum of expertise, experience and backgrounds to bring different perspectives to strategic discussions. It's also crucial to foster the culture of trust and transparency within the board to allow directors to talk freely to one another.

The board should be completely free from external influences that could affect their decision-making. This is crucial to maintain control and preserving the reputation of the company. It is vital that the board sets a strong tone by upholding the highest ethical standards and demonstrating the utmost respect to employees, shareholders, or the community. In addition, the board should make it a priority to have sufficient time for executive sessions at each regular board meeting in order to fulfill their legal obligations.