The board of directors is an important decision-making body that https://boardroomsite.com oversees the performance of the business and its strategic direction. To make informed decisions, it’s essential that the board is in contact with the top executives of the business and is current with relevant reports and data. Board meetings are an excellent way to do this.

Teleconferences are becoming more commonplace, as more and more individuals work remotely. Meetings can be scheduled at least once a week or twice a year.

Consider disseminating a portal that has the most recent board materials and pre-saved meeting agendas. This will help directors focus on the most important issues and locate the information they need quickly. Encourage discussion between the board members prior to the meeting to address any concerns or questions so that the meeting time can be used to discuss strategy instead of reading through a plethora of reports.

Board members spend the majority of their time discussing the performance of the organization discussing any major developments since the last meeting, discussing key performance indicators (KPIs) and looking at the future strategies. The board may also review the list of new or old business issues that need to be ratified and take action on those items. After that the board will normally close the meeting.