Board Meeting Facts

Board Meeting Details:

Contrary to popular belief your board of directors does not make the majority of decisions for your company. They are, however, able to make decisions on a few high-impact areas (in a venture-backed firm, many of those decisions are made in the investment and governance documents) most important issues are taken up by committees or the management team of the CEO with input from the board.

Board meetings tend to be more focused on the plan, policy and oversight of blog here business operations. The decisions of an executive board can have an enormous impact on the company. This is why it’s vital to plan and conduct board meetings to encourage constructive discussions and results.

To ensure that the board is well-informed it is essential to ensure all members are informed. To facilitate productive discussions be sure to distribute the materials to board members in advance so attendees can get familiar with them prior to the meeting. These documents should be concise and simple enough to not take more than an hour to review.

Next, schedule time for the board to discuss. You might want to consider allowing attendees to submit brief remarks or queries in an open forum, and planning time for guest speakers from outside stakeholders. Also, make time to have a consent agendaan area of the meeting where routine or non-controversial items may be approved with an easy motion and vote.

Last but not least, share the decision-making process during board meetings. Make a decision on whether you want to reach consensus or use a formal voting process, and set clear criteria for evaluating new ideas. This will enable everyone to recognize their role in the process, and the possible consequences of a decision-making process that has gone wrong.