Conducting a Board of Directors Meeting

http://www.myboardroom.info/conducting-a-board-of-directors-meeting-dont-do-these-mistakes/

A board of directors meeting allows your company to review the state of the company’s performance and to discuss the new policies that should be implemented. This allows for important discussions to be had about issues that could lead to problems. However, it is vital that you keep discussions focused and on the main points. It is also essential to encourage board members to attend meetings and to give them the chance to express themselves and voice their views.

During the first portion of the meeting, the presiding official reviews the attendance of all participants to ensure that there is a majority. The presiding officer then goes over the agenda and approves of the minutes of the previous meeting.

The next part of the meeting will be dedicated to reviewing the most important performance indicators. These could be things like net promoter scores regional sales, regional costs and revenue over a certain financial period. Having these KPIs in place helps your board members understand the company’s performance over time and determine if it’s heading in the right direction or if drastic steps need to be taken.

After taking a look at your current business environment the board will work together to develop future strategies that will help your company grow. This can be achieved in a variety ways like discussing upcoming policies, strategies, or projects during the meeting, or through the series of meetings outside of the boardroom such as breakfasts every week, monthly lunches or informal emails.