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.

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