The board of directors is responsible for the strategic direction and performance of the company. In order to make informed decisions, the board has to stay in contact with the key executives of the company and stay current on the latest information and reports. Board meetings provide the opportunity to accomplish this.
Teleconferences are becoming more commonplace, as more and more individuals work remotely. Meetings can be scheduled as often as once a week or twice throughout the year.
When preparing your next board meeting, think about distributing a portal with the most recent board materials and agendas that are pre-saved to help your directors quickly locate the information they need and focus on the most important discussions. Encourage pre-meeting discussion with peer directors to address any concerns or questions addressed so that time can be spent discussing strategy instead of going through a litany of reports.
The board members spend most of their time discussing the performance of the organization as they review any major changes that have taken place since the last meeting, debating KPIs and exploring future strategy. The board is also able to review and approve a list of existing or new business items. After all of this the board will normally end the meeting.
https://boardroomsite.com/what-to-expect-from-a-board-evaluation
