10 New Year’s Resolutions for Your Board
As the new year approaches, it’s a great time for boards of directors to reflect on their past achievements and set goals for the coming year. New Year's resolutions for a board of directors can help guide strategic planning, improve governance practices, and enhance overall organizational performance. Here are some sample resolutions to consider:
1. Enhance Board Diversity and Inclusion
Resolution: Commit to increasing the diversity and inclusivity of the board to better represent the community and stakeholders served by the organization.
Actions:
Conduct a diversity audit to identify gaps.
Implement a recruitment strategy targeting diverse candidates.
Provide diversity and inclusion training for current board members.
2. Strengthen Governance Practices
Resolution: Improve governance practices to ensure effective oversight and accountability.
Actions:
Review and update the board’s bylaws and governance policies.
Establish or refine board committees to focus on key areas such as finance, audit, and strategic planning.
Schedule regular board evaluations and self-assessments.
3. Enhance Financial Oversight
Resolution: Improve financial oversight to ensure the organization’s fiscal health and sustainability.
Actions:
Review and update financial policies and procedures.
Implement more robust financial reporting and monitoring systems.
Conduct regular financial training sessions for board members.
4. Foster Strategic Planning and Visioning
Resolution: Develop a long-term strategic plan that aligns with the organization’s mission and goals.
Actions:
Facilitate a strategic planning retreat with board members and key stakeholders.
Define clear, measurable objectives and key performance indicators (KPIs).
Regularly review and adjust the strategic plan to respond to changing circumstances.
5. Improve Board Member Engagement
Resolution: Increase the engagement and participation of board members in the organization’s activities.
Actions:
Set clear expectations for board member attendance and involvement.
Create opportunities for board members to engage with staff, volunteers, and beneficiaries.
Recognize and celebrate the contributions of board members regularly.
6. Enhance Fundraising Efforts
Resolution: Boost the organization’s fundraising capacity to support its mission and programs.
Actions:
Develop a comprehensive fundraising plan with specific targets and strategies.
Engage board members in fundraising activities, including donor cultivation and solicitation.
Provide training and resources to board members to enhance their fundraising skills.
7. Focus on Board Development and Training
Resolution: Invest in the ongoing development and training of board members to enhance their effectiveness.
Actions:
Offer regular training sessions on governance, financial oversight, and strategic planning.
Provide access to resources such as webinars, workshops, and conferences.
Implement a mentorship program for new board members.
8. Strengthen Community and Stakeholder Relations
Resolution: Build stronger relationships with the community and key stakeholders to enhance the organization’s impact.
Actions:
Develop a stakeholder engagement plan to regularly communicate with and involve key stakeholders.
Organize community events and forums to gather feedback and build support.
Foster partnerships with other organizations to leverage resources and expertise.
9. Improve Risk Management
Resolution: Enhance the organization’s risk management practices to safeguard its assets and reputation.
Actions:
Conduct a comprehensive risk assessment to identify potential threats and vulnerabilities.
Develop and implement risk management policies and procedures.
Regularly review and update the organization’s risk management plan.
10. Promote Innovation and Adaptability
Resolution: Foster a culture of innovation and adaptability to stay ahead of industry trends and challenges.
Actions:
Encourage board members to stay informed about industry developments and emerging trends.
Promote a culture of continuous improvement and learning within the organization.
Support innovative initiatives and pilot projects that align with the organization’s mission.
Conclusion
Setting New Year's resolutions for a board of directors is a valuable exercise that can drive organizational growth and improvement. By focusing on key areas such as diversity, governance, financial oversight, strategic planning, and community relations, boards can set a positive tone for the year ahead and ensure that their organization remains effective, resilient, and mission-driven.
As your board considers these resolutions, remember that the commitment to continuous improvement and strategic action is essential for long-term success.