27 Sep What is a Board Meeting?
Board Meetings are a time where the top management of an organisation (Executive Directors and Non-Executive Directors) work together to review and assess the performance of the company, as well as discuss future plans and projects.
The board of directors usually comprises of people from diverse backgrounds. However, each brings a unique perspective to the table. This allows for a productive and open discussion about a wide range of topics relating to the company.
During this period the board also evaluates the company’s past performance by analyzing profit and sales growth, market share growth, investment strategies, etc. The board also reviews any roadblocks or obstacles which could hinder progress, and come up with resolutions to overcome them.
The board usually reads through the minutes from the previous meeting prior deciding on an agenda. This ensures that all issues discussed and decisions made during the previous board meeting have been properly documented and are accurate. This allows the board to determine whether there is a quorum and whether all agenda items were addressed. Once this is done the meeting can begin. During this period, directors are free to make any presentations or reports they wish. The board will then go over and discuss these reports. The goal is to generate and discuss ideas on how to promote progress in the company. It’s important that each director is involved in the discussion and provides insight into the company.