Board Meetings: Facts

A well-run board meeting can bring the diverse array of perspectives to tackle important issues and steer the company through turbulent waters. Board meetings are crucial for determining the future of a company whether it’s taking decisions regarding company policies, management appointments, or resolving crises.

It is possible to make crucial business decisions in the boardroom, regardless of the size or the structure of your business. However, you’ll need have the proper tools in place to ensure that every decision is made with the right information and that board members can speak up in a secure environment.

A good agenda will allow each board member the time to review the reports and prepare for productive discussions prior to the meeting. Another is having an app that works with your video conference software of choice such as Fellow, so that everyone can work on the same documents together.

It is also essential to have clear rules for every meeting, which explains who can speak and when and the procedure for deciding motions, and how decisions are taken. In addition, board members need to be able look back at previous minutes and papers to understand what the thinking upon which decisions made in the past was created.

Each board meeting should also be a time to discuss future strategies and the steps required to implement them. It is important to set goals that will enable you to determine whether the strategies you’ve chosen work. It’s also a great opportunity to look at different perspectives and search for common ground with your fellow directors.