The board of directors monitors the strategic direction and performance of the company. To make informed decisions, it's essential that the board is in contact with key executives of the company and keep up-to date with pertinent reports and data. Board meetings are a great method of doing this.
Teleconferences are increasingly common, as a growing number people work remotely. Meetings can be scheduled frequently, as often as every week or once a year.
In the process of preparing for your next board meeting, you should consider making available a portal with most recent board materials and agendas that have been saved to help your directors quickly find what they require and concentrate on the most important discussions. Encourage discussion among the board members prior to the meeting to discuss any concerns or issues so that the time can be used to discuss strategy rather than reading through a plethora of reports.
Board members spend the majority of their time discussing the performance of the business – reviewing any major updates that have occurred since the last meeting, analyzing KPIs and exploring future strategy. The board might also review the list of either new or old business issues that this website need to be approved, and take action on those items. After all of this the board will typically end the meeting.