The board of directors monitors the performance and strategic direction of the company. To make well-informed decisions, it is important that the board stays in contact with key executives of the company and keeps current with relevant reports and other relevant information. Board meetings give the board an opportunity to accomplish this.

Board members typically meet in person, but with an increasing number of employees working remotely, teleconferences are becoming increasingly frequent. Meetings can be held as often as once a week or once a year.

When you are preparing for your next board meeting, consider distributing a portal with the latest board materials and pre-saved agendas to help your directors quickly find what they need and focus on the crucial discussions. Inviting pre-meeting discussions with peers directors to get any questions or concerns addressed so that time can be spent discussing strategy instead of going through a litany of reports.

Board members spend the majority of their time discussing the organization’s performance and reviewing any major changes that have taken place since the last meeting, discussing KPIs and evaluating the future strategy. The board might also review the list of either new or old business items that require to be approved, and take action on these items. The board www.boardroomsite.com/important-tips-for-effective-remote-board-governance/ will close the meeting following all this.