Board Meetings are meetings where the highest management of an company (Executive Directors and Non-Executive Directors) collaborate to review and evaluate the performance of the company and to strategize on future plans and projects.
The board of directors is typically comprised of people with diverse backgrounds however, all bring their own perspective and experience to the table. This will allow for a productive and open discussion on the many topics relating to the company.
During this period the board also examines the company’s performance over time by analyzing profit and sales growth, market share expansion as well as investment strategies. The board also examines any roadblocks or obstacles that might hinder progress and come up with resolutions to overcome them.
Before launching the agenda, the board typically goes through the minutes of the previous meeting. This ensures that all discussions and the decisions taken at the previous board meeting were accurately recorded and documented. It also allows the board ensure that there is a quorum present and that all agenda items are addressed. The meeting can then start. During this time, directors are free to make any presentations or reports they wish. The board will then check that discuss the reports and presentations. The goal is to generate and discuss ideas on how to help improve the company. It is vital that each director is a contributor and offers insight into the company.