Board meetings differ in their structure dependent on the composition and purpose of each board. Some are formal and adhere to strict guidelines for the procedure of a parliamentary meeting (Call to Order, Motions from Members and Motions from Members.). Some meetings are more informal and can be held in any location like the CEO’s residence or a restaurant. Every board meeting must have some basic elements, regardless of the format.
A new board meeting should start with the presiding director addressing any issues with logistics (date time, place of the meeting as well as the link to the meeting or video conference and so on.) This is the ideal time to make any announcements, give kudos, or shout-outs.
Once all the logistics have been dealt with, he will then discuss any issues or concerns regarding the recent performance of the company. This is a chance for the C-suite and other managers to discuss their ideas and thoughts on the company’s performance and the future. It’s essential for the board to develop united strategies that will help the organization grow across all departments and increase its market reach.
The board should then focus its efforts on developing specific items that every chief executive officer can communicate to the department in which they work. This could be as easy as improving the sales process or as difficult as establishing a new protocol for client onboarding. The board should also choose key performance indicators (KPI) to measure success against. The board will be able to vote on all decisions that need to be voted on. Once the votes have been counted, the board can adopt a decision that was not ratified by a majority vote or reconvene it.