The role of the board is to run the how to start a board meeting business by exercising a strict and diligent surveillance in key areas like strategy and risk. But it cannot manage, or micromanage the company’s operations by encroaching upon the management’s duties that are designed to help the executive team and CEO deliver value for shareholders.

Boards need an organized structure and a clear governance structure to be able to execute their tasks effectively. This includes a clear division of responsibilities from the chairperson down to the individual directors as well as a process for decision-making that is established for determining the priorities.

A solid governance framework for boards requires a well-practiced method for planning meetings, including the agenda items. It also has a solid governance system that clearly outlines the role of the board, its function and relationship with management, and the scope of its authority. The framework also contains an explicit statement of the board’s values and standards, such as integrity, transparency and good communication.

The board should also have a clearly defined strategy for identifying a CEO, developing that person and overseeing succession. It should also have a strategy to handle urgent issues and be ready to shift its focus when necessary. The board’s governance procedures must be in line with the business, and the board should be able to anticipate and respond to any changes that happen in the current fast-paced and complex business environment. Board members must devote lots of time and energy to their board work.