A Board Meeting is a formal gathering where the directors of a group discuss plans, make crucial decisions and set guidelines. Board members discuss strategies for promoting growth of a company, while also assessing the performance of the company and addressing any issues that may hinder its progress. The focus of board meetings is often on important topics like budgets and expansion into new markets. The board can decide to alter or adopt bylaws, approve certain transactions, and ratify previous decisions made by the board. These key decisions are recorded in the board meeting minutes.
In the beginning of a board meeting, the chair typically gives a brief overview of important events that have occurred since the last meeting. This usually includes a review of the performance metrics such as sales marketing traffic, sales and market share. The board should also examine any goals that are not met and work with the board to find strategies to enhance the performance of the company.
After clearing up any outstanding issues, the board may then begin discussing proposed agenda items. The board should engage in lively, interactive discussions about these issues. This allows everyone to share their views and be part of the discussion. The chair should encourage everyone to speak up while maintaining the discussion under his control. The chair of the board will typically bring all motions to a vote after the discussion has ended. Once the results have been announced the board will move onto the next item.
www.boardroomsource.com/how-to-launch-paperless-board-meetings/