Board meetings can differ in structure dependent on the composition and function of each board. Certain meetings are formal and adhere to strict guidelines for the procedure of a parliamentary meeting (Call to Motions of Members, Orders, etc.). Others are less formal and can even be held in a casual setting such as the CEO’s house or a restaurant. Each board meeting should contain certain fundamental elements regardless why not find out more of the format.
The director who is the presiding officer should begin a new board meeting by discussing any logistical issues (date of the meeting, time and location of the meeting, meeting link or videoconference or videoconference, etc.). This is the time to make any special announcements, give kudos, or shout-outs.
After all the logistics are handled The presiding officer then moves on to discuss any concerns or issues regarding the company’s performance in recent times. The C-suite, along with and other managers, are able share their thoughts and opinions on past performance and the future strategy. It is essential that the board develops unified strategies to help the organization expand across all departments and broaden their market reach.
The board should focus on creating action items that every chief officer will present to their departments. It could be as easy as improving the sales process, or as intricate as developing a new process for client onboarding. The board should also determine key performance indicators (KPIs) that will be used to gauge the success of their business. The board will decide on any decision that needs to be considered. Once the votes have been tallied, a board can take action on a decision that was not ratified by a majority or reconvene it.
