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It can be a daunting task to plan a board meeting. Plan a specific agenda and distribute all the materials in advance. Also, ensure that everyone is present at the meeting. The focus of the meeting is essential, but it doesn’t mean that you can’t make it enjoyable. The best method to encourage high participation is to draw on the special expertise that your board members possess.
A note outlining the attendance expectations is also a good thing to do prior to the board meeting. This will prevent late-night cancellations and ensure all participants are informed so that they can be productive at the meeting.
Reviewing the minutes of prior board meetings is a crucial part of preparation. This will allow the board to understand what was discussed during previous meetings, and also allow them to tailor their discussion topics accordingly.
The most popular board meeting topic is an evaluation of the performance of the business since the last meeting. This may include discussions of the numbers of sales, marketing traffic, and other pertinent metrics. It is crucial to recognize milestones and achievements but also to look at areas to improve such as a lack of goals or the increase in expenses.
It is important to concentrate on legal and compliance concerns, such as making sure that laws and ethical standards are adhered to. It is in this field that the designated record keeper can be extremely beneficial. They can keep track of decisions and discussions to benefit future meetings.