A board meeting is a crucial part of the decision-making process for a business. The goal is to ensure that the company’s governance processes are carried out in a transparent and efficient way. This includes implementing the best practices in efficiency and strategic decision-making.
When you are holding a board session, one of the first things to do is set up the board structure. This includes committees as well as governance policy. This provides an ideal base for the future and allows board members to take the best decisions right from the beginning.
Another essential aspect of a board meeting is to look over the performance of various metrics such as sales, marketing traffic and market share to determine whether goals are being achieved or not. Board members are also able to brainstorm solutions to obstacles.
In the midst of new topics for discussion, the board meeting will be slowed down and crucial agenda items can be neglected. This is avoided by putting a “parking area” at the end of the agenda where random topics can then be set aside for later.
A few organizations begin their board meetings with a success story to avoid boring meetings. This is a great way to refocus the participants and energizing participation levels. Other strategies include opening the meeting with a brief poll or by recognizing the achievements of a colleague before beginning the discussion. The right video conference software can keep meetings on schedule. With the right software, moderators can mute and unmute remote cameras and microphones, cut participants off of the call and assign speakers, etc.