To make strategic decisions, you will need the perspective, experience and influence of your board, regardless of whether your company is growing, or stagnant. To do so, you must have board meetings.
A board meeting is an official gathering of most senior managers of a business or non-profit. The managers are selected by the corporate stakeholders, directors and directors to oversee the entire operation including performance and policy.
The board meets at regular intervals throughout the year to review policies and reports on performance, and to discuss new opportunities and ventures. Traditionally, companies hold their board meetings in person. However, this is changing.
It is essential that every meeting has a particular tone. Board meetings are meant to be centered and interactive with no room for off topic chatter. It is also useful to highlight a recent successful story or accomplishment that can inspire the participants in the opening speech.
Once everyone is there, you can get down to business. Board members should share any issues they’ve encountered that require attention and then weigh the pros and cons of any new business opportunities. This portion of the meeting can be structured into a discussion, allowing members to share their unique perspectives and expertise.
After settling old business items the chair of the board announces any new business, and encourages open discussion of each. Keep the discussion focused on topics that will help your organization grow.
https://discoverlocalshops.org/board-meeting-etiquette-tips/