Board Meeting Facts
A well-run meeting of the board brings together an extensive range of opinions in order to address the most pressing issues and steer the business through turbulent waters. Board meetings are crucial for determining the future of an organisation regardless of whether they are making decisions regarding company policies as well as management appointments, or responding to crises.
No matter the size or structure of your organization it is likely that you will make important business decisions in your boardroom. However, you’ll need have the appropriate tools in place to ensure that every decision is made with the right information and that board members are able to be heard in a safe space.
A well-organized agenda will give every board member ample time to study the reports and prepare for productive discussions prior the meeting. You can also utilize an app that is integrated into your videoconferencing software, such as Fellow to allow everyone to work on the same document side-by-side.
It is also important to have clear rules for each meeting, that outline who is allowed to speak and when, the procedure for deciding motions, and how decisions are taken. Additionally, board members should be able review previous minutes and papers to discover how the thought process on which previous decisions were based was created.
Each board meeting should include a discussion on future strategies, and the steps needed to implement them. It is essential to set goals that let you know whether the strategies you’ve chosen work. It’s also a chance to look at different perspectives and search for an agreement with your fellow directors.
