How to Run a Board Meeting Well

If board meetings are managed correctly, they are essential to moving your business toward its goals. But running a meeting for your board is not without its challenges. Whether your board meets face-to- the face or online it’s important to prepare ahead, establish realistic time intervals for each agenda item and follow a structure that encourages discussion and participation.

Call your board meetings to order. This is an easy method of ensuring that everyone is present and that the meeting has a sufficient quorum (which may vary based on the size of your board).

Facilitate the conversation so that each director is given equal time on air. This is particularly important when discussing controversial or complex issues. A few or a handful of people dominating the discussion can limit the plurality of voices, and can result in decisions made impulsively which lack board buy-in.

Set up a clear process for making decisions prior to the meeting, indicating how the board will weigh the pros and cons of each idea. This will keep the discussion productive and focused. If you’re unable to https://vdrsystems.com/due-diligence-checklist-for-cross-border-deals/ reach a consensus, try the voting method, like a majority vote.

It’s an excellent idea to determine the actions to take. These are the specific duties that arise from the discussions and decisions taken during the meeting, for example, finding information needed for an ongoing project or establishing future steps for implementing the new strategy. Respecting the time of your directors and achieving your goals can be demonstrated by completing on time.