A well-run meeting of your board of directors will allow you to make informed and ethical decisions. The board should be able to discuss documents, review documents and reach a consensus on complicated issues. The meeting needs to be documented appropriately, allowing for future reference and conformance. The process can be challenging to navigate, but ensuring that the board is making the most of its time and resources is vital to the success of your business.
Board work can be fun, taxing, and tedious all at the same time. Avoid these common mistakes to ensure www.americanboardroom.com/why-board-of-directors-meeting-attendance-matters/ that meetings productive.
1. Rehashing discussion points from the previous meeting
Re-living the discussion from the previous board meeting will occupy your time and distract you from the most important agenda items. Getting sidetracked by discussions on new topics can hinder your progress towards the board’s goals for the meeting. If you are required to discuss a topic not originally on the agenda with the group, you can agree to continue the discussion until end of the meeting. The group will then revisit the topic and decide if they want to include it on the next agenda, delegate the task, or investigate the subject further.
2. Sharing too many details
Board members must be well-informed, however the board’s package must be at a level that can foster constructive discussions and prompt questions, and not function as an exhaustive explanation of every bit of information available for consideration. It might sound like playing a pre-school teacher but it lets the board concentrate on the most crucial decisions and ensures that they’re tackling the issues when their decision-making capabilities are at their highest.