The board of directors is responsible for managing your startup through the most challenging phases of growth. They will then have to decide on strategies and approve action plans that will guarantee your company’s success. This is why that efficient and effective meetings of the board are so crucial. To ensure this, it is crucial that certain rules are adhered to during the meeting.

The first requirement is that you should always give attendees a proper notice of the meeting. While this will vary based on the size of your company Five to seven days is considered to be an adequate amount of time. This gives attendees the opportunity to review the board packet, attend the meeting either in person or via video and participate in a productive discussion.

You should establish strict time limits on each item in the agenda for the board meeting. This will help keep the discussion focused on the most important issues at hand and ensure that everyone can contribute in a meaningful way. The agenda should include a complete list of the documents that need to be approved or discussed. This gives members confidence that the board is taking crucial aspects of the company’s growth into consideration, and not slack off.

It is a good idea to avoid discussing irrelevant issues during board meetings, but it’s not always feasible. To minimize this issue create a culture of discussion where all opinions are valued. This can be done by incorporating tools such as decision matrices to your board meetings.

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