http://www.myboardroom.info/nasdaq-board-portal-review/
Both executive directors and a non-executive director are required to chair a board meeting. The executive director is in charge of the management of the company and supervises the day-today operations. Meanwhile, the non-executive directors bring a wealth of expertise to the table. During meetings they review reports and documents, offer information on management issues and strategic initiatives, and take decisions that affect the organization’s long-term success.
Before the meeting begins it’s crucial to ensure that all the required materials are in place and the logistics are in order. It’s also a good idea for you to review and make any final changes on the agenda to ensure that the agenda is addressed in a concise and well-organized manner.
The meeting begins with a statement from the presiding officer or the chair of the board. The treasurer will then present an update on the current financial matters. The treasurer ought to have provided the report prior to giving board members a chance to review it and prepare questions.
After the treasurer has completed his report, any member may decide to discuss new business. If they’re seconded, a vote is held and those in favor vote ‘yes’, and those against say ‘no’.
Any pending or unfinished matters from previous board meetings are dealt with at this point of the meeting. Based on the issue, a vote of the voice or show of hands may be used to decide the issue. Finally, the presiding officer or board chair ends the meeting by highlighting key actions and decisions that were agreed upon, ensuring that all participants are clear on their responsibilities going forward.
