The board of directors will guide your startup through its most challenging growth phases. They then need to come up with strategies and approve plans that ensure your company’s success. This is why that effective and efficient meetings of the board are so important. To accomplish this, it’s crucial that certain rules are followed during the meeting.
First, you must always give attendees ample notice of the meeting. This can vary based on your company’s size, but five to seven business days is generally considered to be a reasonable period of time. This allows attendees to review the board’s agenda and to attend the meeting in person or via video and take boardmanagementsystems.net/common-board-meeting-attendance-requirements-and-policy/ part in an engaging discussion.
You should set strict time limits for each item in the agenda for the board meeting. This will keep the board meeting focused and allow all members to participate in meaningful ways. The agenda should include a list of documents that need to be discussed or approved. This ensures that the board has taken important aspects of a company’s development into consideration and is not rushing through the process.
It’s good practice to avoid discussing irrelevant issues at the board meeting, however this isn’t always feasible. To avoid this it is important to promote an environment of discussion in which all opinions are valued and respected. This can be achieved by incorporating tools like decision matrices to your board meetings.