In a board room there are major decisions made that affect everyone, from employees of a firm to the shareholders who own its shares. These meetings are held at sufficient size that all members can be accommodated, and in a space which is conducive to privacy. These rooms could be specially designated but can also simply be standard conference rooms. However, the main requirement for these spaces is that they are soundproofed. This helps ensure that discussions aren’t snarled and disrupted.
Making preparations for your first board meeting can be a daunting endeavor regardless of whether you are a current board member or a potential candidate. This involves conducting a personal audit, identifying your director duplicate and learning the specifics of Robert’s Rules of Order.
Training and education is key for future board members as well as directors currently. A program for governance of boards like NACD Accelerate, will help develop your governing skills and prepare you to thrive in the boardroom.
The course will cover all the important aspects of proactive Governance such as controlling the strategic direction, risk control and compensation. Participants will be taught the fundamentals of corporate leadership and gain practical experience in a mock boardroom.