Board Meeting Information:
Contrary to what many believe, the board of directors of your company does not make the majority of decisions for your company. Although they might have some authority in a few areas with a high impact (in an investment company that is venture-backed the decisions are usually described in the governing documents as well as investment documents) The majority of the important issues are decided by committees or by the CEO/management with the help of the Board.
Board meetings are typically more focused on the policy, planning and oversight functions than on business operations. The decisions of the board could have an enormous impact on the business. Therefore, it’s important to plan and conduct board meetings in a way that encourages constructive discussion and produces results.
The first step is making sure that all board members are aware. To ensure boardroomideas.info/what-is-reasonable-notice-for-a-board-meeting that the board has productive conversations be sure to distribute the materials to board members in advance, so that attendees are able to get familiar with them prior to the meeting. These documents should be short and clear enough to not take more than a half hour to review.
Then, schedule time for board discussion. Consider allowing attendees to contribute brief comments or questions in open forum, and scheduling time for guest presentations by external stakeholders. Also, make time to have a consent agenda- a section of the meeting where routine or non-controversial items can be approved with an easy motion and vote.
Also, during board meetings and board meetings, you should explain the procedure for making decisions. Determine whether the objective is to reach consensus or use an official voting procedure, and establish clear criteria for evaluating new ideas. This will enable everyone to recognize their roles and the possible consequences of making a mistake.