How to Run the Perfect Board Meeting
Planning and execution are the key for a successful board meeting. It is important to keep the board in the right direction and on target to ensure a successful and efficient discussion. It can seem like an overwhelming task however, with a little planning and follow-up, you will be able to conduct the perfect board meeting for your company.
Start at the right time. This will set the mood and show respect for your fellow board members. It’s particularly important to start your virtual meeting on time and adhere to the schedule. This will also ensure that you have enough attendees to achieve quorum. Quorum is the minimum number of attendees required for business to be conducted during the meeting.
Begin the meeting with a call to order calling to order can help make sure that everyone is on the same page and is ready to begin the meeting. This is usually done by the secretary of the board, who announces the names and names of each board member present. This determines whether a quorum present and if the meeting is able to continue according to the plan.
The state of the union. This is a great beginning to the meeting and will frame the discussions that follow. The C-level executive or CEO must provide information on the current state of the company, including any issues and growth opportunities that have emerged since the last board meeting.
It’s important to leave time for new topics: You should reserve the time to discuss any new topics or ad-hoc items that may come up in the meeting. This is a great way to ensure that all important issues get the attention they merit and that all pertinent information is included in minutes of the board meeting.
