Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
The board leader can make the board meetings more effective.
Here are some points to consider:
- Set up meetings that don’t conflict with holidays or heavy travel schedules.
- Send out the board package in time for review.
- Focus the agenda on the top issues.
- Demand the attention of the board members and discourage distractions.
- Facilitate the discussions to ensure the topic is well covered.
- Make sure everyone gets their say.
- Extract an action plan from the meeting so the company can move forward.
- Board members have a fiduciary duty to the company.
- They must put the board’s interest above their own.
- They must act in good faith with no ulterior motives.
- Finally, the board member must exercise good business judgment.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
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