Board meetings are the most important gatherings for an organization. They are where major strategies and plans on a massive scale can be discussed to be shared with teams. These strategic sessions allow members to brainstorm ideas that can be discarded, enhanced or incorporated. It is crucial that each member has the opportunity to express their opinion using their knowledge and experience.
This is why the bulk of any board meeting is spent identifying opportunities and strategies to help your company grow. After the ideas have been shared and discussed, the board will consider how to implement them, and then create actions that each chief executive will be responsible for the implementation within their department.
It’s important to review KPIs and reports on performance during these meetings, so that the board can decide how well their strategies worked and whether adjustments are needed. Usually, these are presented by the executive director, as well as the other major players in the room who may have a role in managing specific areas of the business.
The board will then review board meeting any issues from prior meetings that need to be addressed or revisited. There is often room on the agenda to decide on the next steps for each item, including whether it should be put on the table, postponed or sent to an appropriate committee. This will make sure that all issues have been addressed and the board is able to move forward. All decisions are automatically compiled in a meeting’s minutes that includes notes, risks and agenda items. It also includes information about attendees, absentees and voting details.