It is important that a board meeting runs smoothly and that all issues are addressed. The following board meeting process is a helpful guideline to ensure that the meeting runs as planned and that all the important points are covered.
The chair begins the meeting by welcoming any new members or guests and addressing any formal or personal concerns. A formal introduction of the board follows and the officers introduce themselves.
The board often receives significant amounts of information between meetings, in the form of committee reports and correspondence. The chair should allow time to discuss this during the meeting. However, it is essential to not detract from the discussion of the most pressing issues.
After the board has analyzed the past performance, its successes as well as the challenges, it will move on to future strategies. This will involve brainstorming ideas that can help the company grow and grow in different departments as well as expand its market share. The board will then think about the best way to implement these strategies and develop action items for the management team in order to do to accomplish this.
Usually, the board will discuss any new business proposed by the board or executive management. The board will also examine any old business that has not been resolved. The chair will then call the meeting to end.