Board Meeting Preparation
Board meeting preparation involves a lot of reading, taking notes, thinking/contemplating, and seeking out and asking for additional information. This improves the overall effectiveness of the board as a decision-making body and allows them to concentrate their energy and time on strategy, and not on procedural concerns. This helps reduce the stress that directors feel at board meetings that are long and contain lots of information but don’t produce any specific action steps.
The most effective method to prepare for a board meeting is by reviewing the agenda, particularly for the most important items, a few days ahead of time. Review the list and rank each item according to its importance, urgency, and alignment with your company’s strategic goals. To improve and finalize the top priorities, ask for input from your CEO or the chair of your board. Then, create the agenda to ensure that critical issues are addressed first and then discussed in detail. This will enable the board to leave the meeting with a clear understanding of the key decisions to be taken.
Additionally, make sure to include updates on actions tasks that were assigned from the previous board meeting and to confirm that all the required information has been provided by presenters. It is also important http://boardroomsystems.net/board-meeting-slides-tips-on-making-interactive-presentation to ensure that all participants will have access to the meeting via video, phone or another online platform. Distribute the board pack and agenda to all participants after they have been finalized. Ideally, this should be done at least a week before the meeting to allow participants have adequate time to review and ask for modifications.