The board of directors is an important decision-making body that is responsible for the performance of the business and its strategic direction. To make informed decisions, the board has to stay in contact with the chief executives of the company and keep up to date on relevant information and reports. Board meetings give the board an opportunity to accomplish this.

Teleconferences are becoming more popular, because a growing number of people work remotely. The time of meetings can vary from a couple of times a year to once a month.

Consider the possibility of distributing a portal with the most recent board materials and also pre-saved meeting agendas. This can help your directors concentrate on the most important discussions and get the information they need quickly. Facilitate a pre-meeting discussion with your fellow directors to address any concerns or questions addressed so that the meeting time can be devoted to discussing strategies rather than examining a litany of reports.

Board members spend most of their time discussing the performance of the business and reviewing any major changes that have taken place since the last meeting, debating KPIs and exploring future strategy. The board can also board governance calls review and approve a list of existing or new business items. The board will end the meeting following all this.