Board Meeting Facts:
Contrary to popular belief boards of directors don't make most of the decisions for your company. While they may have authority in certain areas that have a significant impact (in an investment company that is venture-backed they are typically outlined in the governing documents as well as investment documents) However, the majority of important issues are decided either by committees or by the CEO/management with the help of the Board.
Board meetings tend to focus on policy, planning and oversight tasks rather than business activities. The decisions made by a board can have a significant impact on the company. This is why it's important to design and organize board meetings to encourage constructive discussions and results.
To ensure that the board is well informed, it's crucial to ensure all board members are aware. In order to facilitate productive discussions ensure that the board materials are distributed in advance to allow attendees to be familiar with them prior to the meeting. Ideally, these documents must be clear and concise enough that they don't require more than an hour to go through.
Next, set aside time for discussion in the boardroom. It is possible to allow attendees to share short comments or ask questions in an open forum, and planning time for guest presentations from external stakeholders. Schedule time for the consent agenda, an area where routine or noncontroversial issues can be ratified by a simple motion and vote.
In the final meeting of the board, explain the decision-making procedure. Make a decision on whether the goal is to reach consensus or if a formal voting procedure is used and establish clear guidelines to evaluate boardroomideas.info/what-to-expect-from-data-room-provider/ ideas. This will enable everyone to understand their role in the process, and the potential effects of a decision making process gone awry.