No matter if your company is growing or plateauing or stagnating, you require the viewpoints as well as the experience and influence of your board to take strategic decisions. You must hold board meetings to accomplish this.
A board meeting is an official gathering of the most senior managers of a company or non-profit. These managers are chosen by corporate stakeholders, directors who oversee all aspects including the performance of the organization and its policies.
The board meets on a regular basis throughout the year to review company policies and performance reports and also to discuss new ventures and opportunities. Traditionally the board meets in person — but increasingly, companies conduct their meetings remotely.
It is vital that each meeting has a distinct board meeting tone. Board meetings must be focused and engaging and there should be no room for conversation that is not on the topic. It is also useful to highlight a recent achievement event or achievement that will make members feel more enthusiastic in the opening remarks.
Once everyone has arrived, you can move onto the main business of the day. Board members must discuss any issues that need to be addressed and evaluate the pros and cons of any new business opportunities. A discussion-based format for this part of the meeting permits members to share their own perspective and knowledge of each issue.
After settling old business issues the chair of the board announces any new business and encourages a lively discussion of each. Keep the discussion focussed on the strategic issues that will help your business grow.