Board Meeting Facts are an essential element of effective corporate governance and can be vital to a business’s future. A slack board that simply endorses whatever management puts on the agenda isn’t doing its job and may be putting the organization at undue risk.
Board meetings can be lengthy and dull and it’s easy to lose the time in listening to reports or debating irrelevant issues. There are a variety of factors that affect the effectiveness of a board meeting including how the agenda is planned as well as how much time spent on relevant issues and topics, as well as the rules and procedures for conducting the meeting.
Rules for meetings can differ between boards and the next, but they should be laid out in an orderly and consistent manner that ensures transparency and consistency. Certain of these rules could be imposed by laws (e.g. the quorum requirement) however others could be governed by the board’s bylaws or common law.
Minutes of meetings should clearly document attendance records and the percentage of attendees that constitute the quorum. It is also important to note the number of people present, for instance, if board members were absent or even if they participated remotely (see our article on Board Participation of Members). It is important to note a brief description of every meeting, and the amount of time spent on each topic. This will allow you to plan your the time boardroomideas.info for future meetings and avoid unnecessary repetition of past information.
