Boards have seen an array of changes over the past few years as they have to adjust to the changing world. Board directors are check this site out finding ways to communicate and meet their oversight responsibilities despite the rapid pace of regulatory changes along with the COVID-19 pandemic as well as geopolitical instability.
An agenda that is dynamic is crucial to ensure that board meetings are efficient and productive. The right mix of strategic topics and management presentations will assist your board in achieving its objectives while avoiding unnecessary distractions.
A lively agenda for your board begins with the most important issues that allow your team members to begin quickly and stay focused. There is also a section called parking lot for off-topic discussions that can wait until the next meeting.
When preparing your board meetings, make sure you provide concise board papers and executive summaries instead of lengthy descriptions. This will allow directors to concentrate their attention on the questions that are essential for an engaging debate. You may also want to think about including additional information and background information to aid your board members know the issues that are on the table. This could include market information (such as retention and acquisition rates), company financials as well as key performance indicators or milestones for product development.
Avoid discussing sensitive legal issues in board meetings when the general counsel isn’t present. Be aware of protecting attorney-client privilege, which shields your company from discovery in case of a lawsuit against a member of the board.