Planning and execution are essential for a successful board meeting. It is essential to keep the board in the right direction and on target to ensure a successful and efficient discussion. It could seem like a daunting task, but with a little planning and a follow-up, you can organize an excellent board meeting for the company.
Start at the right time: This will set the tone and show that you value the other board members’ time. It’s particularly important to start a virtual meeting on time and adhere to the schedule. This will ensure that you’ve got enough participants to achieve quorum. Quorum is the minimum number of people needed to conduct business conducted during the meeting.
The meeting should begin with a call to order calling to order can help ensure that everyone is on the same page and ready for the meeting. This is usually handled by the secretary of the board, who announces the names of all board member who is present. This determines if you have a quorum and whether or the meeting can go on according to plan.
Present a state of the Union The state of the union is an excellent way to start the meeting and frame upcoming discussions. The CEO or C-level executives can briefly explain the current situation of your business including any new challenges and opportunities for growth that have risen from the last board meeting.
It’s essential to set aside time for new topics: You should reserve a few minutes for any new topics or other items that might arise during the meeting. This is a great way to ensure that all important topics receive the attention they need and that all relevant information is included in the minutes of the board meeting.
