When a board of directors gathers it is crucial that the meeting run smoothly and that all the issues are addressed. The following process for a board meeting provides a framework to ensure that the meeting goes according to plan and that all the important points are covered.
The chair opens the meeting by addressing any matters of personal or perfunctory nature, and welcoming new members or guests to the board. The board is introduced in a formal fashion and the officers are introduced.
The board receives lots of information in between meetings, typically in the form or committee reports and correspondence. The chair should allow the time to spend on this during the meeting, however it is important to ensure that this does not distract from discussion of more urgent issues.
Once the board has discussed the past performance and its associated successes and challenges, it will move on to discuss future strategies. This will include thinking of boardmeetingpro.blog/how-to-apply-ethical-behavior-in-the-workplace/ ideas to help the company grow and expand across various departments, as well as increase its market share. The board will then discuss about the best way to implement these strategies and develop actions items for the management team in order to do so.
Usually the board will be discussing any new business being discussed by the board or the executive management. The board will also review any old business that has not been resolved. The chair will then make a motion to adjourn the meeting.