How to Get the Most Out of Board of Directors Meetings

The board of directors oversees the performance and strategic direction of the company. To make informed decisions, it’s important that the board stays in contact with key executives of the business and is up-to-date with the latest reports and other relevant information. Board meetings provide the opportunity to accomplish this.

Board members usually attend in person, however with a an increasing number of employees working remotely Teleconferences are becoming more common. The frequency of meetings can vary from a couple of times a year to every month.

When you are preparing for your next board meeting, think about distributing a portal with the latest board materials and agendas that have been saved to help your directors quickly locate what they need and to focus on the crucial discussions. Encourage discussion among the board members prior to the meeting www.boardroomsite.com/commonly-asked-questions-about-board-meetings/ to discuss any concerns or issues so that the time can be used to discuss strategy instead of reading through a plethora of reports.

The board members spend the majority of their time discussing organizational performance and reviewing any major developments since their last meeting, discussing key performance indicators (KPIs) and looking at possible strategies for the future. The board may also review and approve a list of existing or new business items. The board will adjourn the meeting following this.