A board meeting is a time when the highest-level management and other stakeholders meet to discuss important issues and take a decision. A successful board meeting requires effective leadership clear and concise agendas and the right procedures for efficiently discussing and approving items.
Getting Started
The chairman begins the meeting, calling the meeting to order and welcoming everyone at the appropriate time. The board secretary reads the minutes of the last meeting as well as the agenda for the current session to ensure that everyone is on the right page. The board may also ask for changes or additions to material. The board will then vote on the agenda and minutes in order to proceed.
Old Business
The board discusses unresolved items that were discussed but were not yet approved at the previous board meeting, or any items postponed to this meeting. They also have the option of discussing any issues that came up during the meeting.
Reports of committees and officers
Then the presiding officers usually reviews committee and officer reports to give the board information on where finances and projects stand. It is best to distribute them prior to the meeting so that board members can examine and ask any questions.
The next step is to discuss the company’s performance to determine how it’s performing and what areas require improvement. This is an excellent time to discuss future strategies to boost growth. This is also when the board can talk about any roadblocks that are hindering progress.
