The board of directors is an important decision-making body that oversees the performance of the company and its strategic direction. To make informed decisions, it’s vital that the board remains in touch with key leaders of the company and keep up-to-date with the latest reports and other information. Board meetings are a great way to do this.
Board members typically attend in person, however with a an increasing number of employees working remotely and teleconferences becoming more common. Meetings can be held frequently, as often as every week or even twice per year.
When preparing for your next board meeting, you should consider providing a portal containing the http://boardroomsite.com latest board materials as well as pre-saved agendas to help directors quickly find what they need and focus on the crucial discussions. Encourage pre-meeting discussion with peer directors to address any concerns or questions addressed so that the meeting time can be devoted to discussing strategies instead of examining all the reports.
Board members typically spend the majority of their time discussing performance of the organization reviewing any major changes since the last meeting and discussing key performance indicators (KPIs) and evaluating the future strategies. The board can also go over the list of any new or older business items that require to be approved before taking actions regarding those items. The board will adjourn the meeting following all this.