The board of directors is an important decision-making body that is responsible for the performance of the business and its strategic direction. To make informed decisions, it’s crucial that the board stays in contact with key executives read new article at boardroomsite.com of the business and is up-to-date on relevant reports and other relevant information. Board meetings are a great method to achieve this.

Board members typically attend in person, but with a growing number of people working remotely and teleconferences becoming more popular. Meetings can be held at least once a week or twice a year.

When preparing your next board meeting, you should consider distributing a portal with the latest board materials as well as pre-saved agendas to help your directors quickly locate the information they require and concentrate on the most important discussions. Encourage a discussion between peers prior to the meeting to discuss any concerns or issues to ensure that the time can be used to discuss strategy rather than reviewing a litany reports.

The board members spend the majority of their time discussing the performance of the organization reviewing any major developments since their last meeting and discussing key performance indicators (KPIs) and looking at the future strategies. The board may also look over and approve a list of existing or new business items. The board will adjourn the meeting after all this.