A board meeting can be a difficult task that requires a thorough agenda and background information for each of the participants. It’s also important to keep the discussion focused on the most important topics and issues facing your company.
To begin, the presiding officer calls the meeting to order at a predetermined time and ensures that there is a quorum present. The board meeting continues to discuss any committee or officers reports that require to be approved. Next, the board will review any key performance indicators (KPIs) that are set for the company to ensure they’re in line to meet the goals they set for themselves.
The board will then discuss new policies that need to be implemented as well as ways to improve the existing processes. In the final phase, the board will discuss any future events or leadership changes that require discussion at the next meeting.
Getting sidetracked by new topics for discussion can take the time of your meetings and distract your board from the most important issues. To avoid this, it’s ideal to set up an agenda that lets directors “park” topics for future meetings to https://www.myboardroom.info/nasdaq-board-portal-review be discussed or studied. It is also recommended to encourage your board members to pre-meet with the chair or other directors so they can get their questions answered prior to time and focus on discussing strategic issues during the meeting. This will help save meeting time, and ensure a more productive board of directors meeting.