The board of directors is a vital decision-making body that oversees the performance of the company and its strategic direction. To make informed decisions, the board needs to communicate with the key executives of the company and keep up to date with relevant information and reports. Board meetings are a great method to achieve this.

Teleconferences are increasingly common, as a growing number individuals work remotely. Meetings can be held at least once a week or twice throughout the year.

Consider creating a portal that includes the most recent board materials and also agendas for meetings that are pre-saved. This will help directors focus on the most important issues and locate the information they need quickly. Encourage pre-meeting discussion with peer directors to get any questions or concerns addressed so that time can be used to discuss strategies instead of examining the numerous reports.

The board members spend the majority of their time discussing the performance of the organization and reviewing any major changes since the last meeting and discussing key performance indicators (KPIs) and looking at the future strategies. The board might also review the list of any new or older business items that require to be ratified and take actions regarding those items. The board will close the meeting after all this.

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