Planning and execution are crucial to a successful board meeting. It is essential to keep the board on check this site out track and on topic for a productive and efficient discussion. It may seem like a daunting job, but with some planning and following up, you can have an excellent board meeting for your company.
Start at the right time. This will set the tone and show you respect for your fellow board members. Particularly when you are conducting a virtual meeting it is important to begin on time and to stick to your schedule. This will ensure that you have enough attendees to reach quorum, which is the minimum amount of people needed for business to be conducted at the meeting.
The meeting should be opened by calling the meeting to the order. This will ensure that everyone is on the same page and ready for the start of the meeting. This is usually handled by the secretary of the board, who announces the names and names of each board member present. This determines if you have an quorum and whether or the meeting will go as planned.
Present the state of the union: This is a great method to start the meeting and frame discussion to come. The CEO or C-level executives can briefly explain the current situation of your company including any new challenges and opportunities for growth that have risen in the past board meetings.
Allow time for new topics It’s a good idea keep a few minutes available at the end of the agenda to discuss any ad-hoc or new topics that pop up during the meeting. This is a great way to make sure that all topics are given the attention they need and that all relevant data is included in the minutes of the board meeting.