Board Meetings are when board members discuss and take votes on important decisions, like how to allocate the company’s budget or whether to expand internationally. These resolutions will be documented in the minutes of the meeting. Be sure that the board members are well-prepared for the discussion by providing an agenda that is clear and disseminating the necessary materials ahead of time.
Start the meeting by providing an overview of the agenda. Reiterate the highlights of the pre-meeting phone call and the board program. This keeps meetings on track and allows participants to stay active.
Review the progress made by the board since the last meeting, and examine how the company is progressing toward its strategic https://boarddeluxe.com/how-secure-is-your-board-meeting-really/ goals. This includes discussing important milestones and accomplishments, and identifying obstacles for the future.
Board members then read reports from the committees and officers of the company that provide an overview of where the company’s finances and projects are at. These reports should be viewed and distributed prior to the meeting in order in order to facilitate discussion at the meeting.
Depending on the nature of the report the board could have concerns or questions. Board members can express their thoughts and opinions on the topics being discussed. This will help bring a range of perspectives that can inform the decision-making at the meeting. It’s also a good time to create a plan to address any follow-up tasks or deadlines, making sure that accountability and action items are in place following the meeting. Unfinished discussions and a struggle to reach agreement can prolong the duration of the meeting and impede productivity.
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