www.americanboardroom.com/how-to-run-a-board-meeting/
Boards have witnessed an array of changes over the past few years as they have to adjust to changing circumstances. Board directors are finding ways to communicate and carry out their oversight duties despite the rapid pace of regulatory change along with the COVID-19 pandemic as well as the political turmoil in the world.
Developing a dynamic agenda is a crucial element to ensuring that board meetings are both efficient and productive. The right mix of strategic topics and management presentations can assist your board in achieving its goals while allowing you to stay clear of distractions that can take up your time.
A dynamic agenda for the board begins with the most important items, enabling your team members to get to work quickly and stay focused. There is also a section called parking lot for discussions off topic which can be put off until the next meeting.
Make sure you are prepared for board meeting by providing short executive summaries and papers for board meetings instead of lengthy summaries. This will allow directors to focus on the most important questions for a rich discussion. You might want to add additional information to help your board understand the issues. This could include market data (such as customer retention and acquisition rates) as well as financials of the company, key performance indicators, or milestones for product development.
Be careful when discussing sensitive legal issues during board meetings without the company’s general counsel present. It is essential to protect attorney-client confidentiality. It protects your company in the event of there is a lawsuit filed against the board member.
Deja un comentario