https://vdrsystems.com/due-diligence-checklist-for-cross-border-deals/
When board meetings run smoothly they can become an effective and collaborative platform to move your company towards its goals. But running a meeting for your board is not without its challenges. Whether your board meets face to face or virtual it’s important to prepare ahead, establish realistic time allotments for each agenda item, and follow a framework that encourages participation and discussion.
Call your board meetings to order. This is a great method of ensuring that everyone’s present and ensures that you have the quorum needed for the meeting (which will vary based on your board size).
Facilitate the discussion so that each director gets equal time on the air. This is particularly important when discussing complicated or controversial subjects. A few or a handful of people dominating the conversation reduces the plurality of voices and can result in rushed decisions that lack board approval.
Create a clear decision-making procedure prior to the meeting, indicating how the board will evaluate the pros and cons of each idea. This will ensure that the discussion stays productive and focused. If you’re unable find a consensus, consider using a voting method like a majority vote to accomplish the task.
It’s a good idea also, to establish specific actions to take. These are the specific responsibilities that emerge from the discussions and decisions taken during the meeting, including gathering information for an ongoing project or determining the the next steps to implement an innovative strategy. Respecting the time of your directors and achieving the desired results is proven by finishing on time.
