Board Meeting Facts can be an important aspect of a company’s future. However, a board that simply endorses whatever management proposes on the agenda isn’t executing its role and could put the company at risk.
Board meetings can be long and boardroomideas.info/what-to-expect-from-data-room-provider/ boring. It’s easy to lose track of the amount of time you spend listening or discussing irrelevant issues. The effectiveness of a meeting is influenced by a variety of factors, which include how the agenda is laid out and the amount of time spent on substantive issues and topics, as well as the rules that govern the meeting.
The rules for meetings may differ between boards however they should be clearly and consistently stated to ensure transparency and consistency. Certain rules are imposed by law (e.g. requirements for quorum) however others may be determined either in the bylaws of the board or by common law.
Meeting minutes should be clearly documented with attendance records and the percentage of attendees required to constitute a quorum. It is also important to note who was present, for instance, if board members were absent, or even if they participated remotely (see our article on Board Participation of Members). It is crucial to write down a brief description of every meeting, and the amount of time spent on each subject. This will allow you to plan your time at future meetings and prevent unnecessary repetition of previous information.