The board of directors is an essential decision-making body, which is responsible for monitoring the company’s performance and strategic direction. In order to make informed decisions, the board has to stay in contact with the top executives of the company and stay up-to-date with relevant information and reports. Board www.boardroomsite.com/commonly-asked-questions-about-board-meetings/ meetings are a great opportunity to do this.

Board members typically meet in person, but with an increasing number of employees working remotely and teleconferences becoming more frequent. Meetings can be held every week or once a year.

Consider distributing a portal that contains the most recent board materials and also agendas for meetings that are pre-saved. This can help your directors concentrate on the most important issues and find the information they require quickly. Inviting pre-meeting discussions with peers directors to have any questions or concerns addressed so that the meeting time can be used to discuss strategies rather than examining all the reports.

Board members spend most of their time discussing the performance of the company as they review any major changes that have occurred since the last meeting, debating KPIs and evaluating the future strategy. The board may also review the list of new or old business issues that need to be approved, and take actions regarding those items. Following this, the board will usually end the meeting.