Board meetings typically occur 8 times annually. These meetings serve as forums for company strategy discussions, financial report reviews and consideration of executive director and committee reports. The primary goal is always for directors to plan on continuing to move forward by making important decisions. Performance, strategy and new initiatives are often points of discussion. […]
Tag Archives | board of directors
The Grid Board Seat Selection Method
A typical approach to the selection process for board appointment is the grid matrix. The grid functions as an easy way to identify the different areas of expertise and experience that the directors on a board lack now or will lack in the future. The grid matrix is formatted with the board’s desired backgrounds listed […]
Board Turnover
The board of directors is responsible for the big picture management of the company, including maintaining the company strategy and cultivating positive investor relationships. Board members are responsible for chief executive succession planning, executive compensation, risk management, accounting and compliance oversight, significant transactions, and shareholder relations. Moreover, board members need to consciously maintain a strong culture for ethical conduct of […]
Time Commitments for Independent Board Directors
The primary role of a board of directors is to create and maintain the company’s strategy. Many of the duties and responsibilities expected of board members involve work performed in various committees such as auditing, compensation, reviewing CEO performance, nomination and governance. A single board can have a number of committees, each dedicated to one […]
Board Meeting Best Practices
There are a number of best practices that board members ought to abide by both before, during, and after board meetings in order to facilitate successful and productive communication within the board. The chair of the board meeting should conduct a short telephone call with each board member a week or so before the board meeting in order […]