The board meeting is a key moment for your company to draw on the experience, perspective and influence that Important People on your board bring. If you let them be occupied with reading reports, completing formalities and discussing procedural issues your board will leave the meeting with less than it could have.
The most successful board meetings involve productive discussions and action items that are concrete. Follow these tips to make your meetings more effective.
Be aware of the schedules of your board members before your meeting. Start by using a tool like Doodle to locate common open dates on the calendars of your board members. Once you’ve determined the best time, contact those who manage their schedules directly to confirm their availability.
Start the meeting by giving brief https://indexdataroom.blog/streamlining-manda-due-diligence-the-power-of-virtual-data-rooms/ explanation of the focus and key input that is sought. This will likely include recapping highlights from the calls prior to the meeting and the board’s report.
Give your department heads and committees time and space to share important reports and updates. This will allow the board to keep up-to-date. Keep in mind that the board could need to revisit or discuss topics that weren’t resolved at the last meeting. It is beneficial to designate a point person within your team to ensure these issues are dealt with following the meeting. In the end, the board should decide on any important next steps. This should be clearly documented in the minutes along with a deadline and expectations for each item.
