https://www.onlineboardmeeting.org/main-principles-of-good-corporate-governance/
A board meeting is a chance to discuss strategic issues and make important decisions which will help your business succeed. If the meeting isn’t well-planned or executed, it could be ineffective and waste board members’ time. To ensure that your board meetings are effective it is essential to know the common pitfalls that can impede board productivity and performance.
A lot of topics are discussed in one meeting, which leads to unorganized discussions. This kind of conversation is also difficult to keep.
It is essential to distribute all necessary documents to board members prior to the meeting. This includes the agenda, minutes from past meetings and the board book. It also includes committee reports, proposed policy and other relevant information.
Failure to act on the results of your board meetings is a major issue that can be prevented by assigning clear timelines and responsibilities to tasks and communicating these actions promptly following the meeting.
To get the highest results, it’s critical that every board member is heard in the decision-making process. This requires creating an environment in which diverse perspectives are valued and consolidated to make an informed decision. This can be accomplished by ensuring that all members are able to contribute to each meeting and by ensuring that outcomes of the board’s decision-making are documented in a timely manner.
