For a company to be successful in the long term it is crucial to maximize the team’s resources and time. However, efficiency and effectiveness are not the same thing. The difference between these two concepts is that efficiency is focused on business processes and operation which is optimized to reduce waste (time and money) and […]
Minutes of the Board Meeting
The minutes of board meetings are a critical record of key information and governance procedures. If they are well-planned and approved they form the basis for post-decision evaluations and help boards hold themselves accountable to their agreed decision-making procedures. They can also help prevent the board from making a mistake in the future, which could […]
Effective Board Meeting Preparation
A well-run board meeting is one of the most effective ways to get buy in on difficult problems and take decisions. To ensure that meetings are productive it is crucial that everyone is on the same line and has had the opportunity to go over the material prior to the meeting. This will allow for […]
Virtual Board Room Software
Virtual boardroom software is a platform that allows for the conduct of online board meetings. The system allows directors to access meeting materials before the meeting, review them on https://www.boardroomideas.net/committee-charter-best-practices their own devices and participate more effectively during the meeting. This type of software can also be used to create and distribute progress and task […]