the difference between shareholder and stakeholder
Whatever your role is, whether it’s the board chair, CEO, or executive director, preparing for your board meeting is a crucial component to ensuring that it runs as smoothly as possible. It may sound counterintuitive but a well-organized book for your board and agenda can help you save time by reducing unnecessary side conversations.
It is also easier for board members who are newer or less experienced to comprehend the discussion and how their contribution to the company’s success is impacted by issues discussed at the board meetings. This is particularly beneficial for younger or newer board members who may have difficulty follow complicated discussions.
It’s also recommended that each item at the board meeting to be given a rough time frame. This will keep the meeting moving and prevent board members from being clock out before the end.
The day before the meeting to ensure that the room is set up for the meeting and all catering arrangements are in place. Also, make sure that directors who haven’t yet completed their reports are given a deadline to do so.
Lastly, prepare any packets of information to be distributed to board members before the meeting, and also review any additional rules for meetings. It is best to distribute these packages 48 hours before the meeting to ensure that board members are able to participate in informed discussions at the meeting.
