www.americanboardroom.com/why-board-of-directors-meeting-attendance-matters/
The past few years have seen changes to boards as they adjust to changing circumstances. From constant regulatory changes to the COVID-19 pandemic the turbulence in the world and new technologies, board directors are finding new ways to communicate with each and fulfill their oversight responsibility.
Developing a dynamic agenda is essential to ensuring that board meetings are both productive and efficient. The right combination of management and strategic topics presentations can help your board reach its goals, while also allowing you to avoid time-wasting distractions.
A dynamic board agenda starts with the most important items, which will allow your team to get to work quickly and stay on track. Also included is a feature called parking lot for discussions that are off topic that can wait until the next meeting.
When you prepare for your board meetings, make sure you provide brief executive summaries rather than lengthy descriptions. This will help directors concentrate on the most important questions for a rich discussion. You may want to include additional information to help your board better understand the issues. This could include market data (such as retention and acquisition rates) and financials of the company Key performance indicators or milestones in the development of products.
Be cautious when discussing sensitive legal matters during board meetings without the company’s general counsel present. Protecting attorney-client privilege is important. It safeguards your business in the event that there is a lawsuit filed against a board member.