If done properly, board meetings can be productive and engaging. To accomplish this, the board should be comfortable discussing complex issues and working together with one another in a secure environment. This requires the adoption of best practices that encourage efficiency, engagement, and effective governance.
A great place to start is to determine if there is a quorum present. This is accomplished by confirming that all directors are present in order for the meeting. Then, the board should take a high-level review of the agenda and then approve the previous minutes of the meeting.
Next, the board can discuss any major changes or milestones made since the last meeting. This is the time to discuss any issues and to identify any obstacles. The board should also discuss future strategies that can be implemented to propel the business forward.
Discussion topics should be reviewed and prioritized before the meeting to ensure that all relevant issues are addressed in sufficient details. This can be accomplished by creating a comprehensive agenda prior to the meeting, and then distributing it to the participants for review. A well-rounded agenda for your board should include a time-limit for each item. This will guide the discussion.
By adhering to these best guidelines, your board can have more productive and meaningful conversations during every meeting. This leads to better decisions, and a more productive organization. Want to learn more about how to conduct an effective board of directors meeting?