Financial performance and budgeting: This includes reviewing financial statements, discussing financial targets and performance, and making decisions about budget allocation.
Strategic planning: This includes discussing and making decisions about the company's overall direction, goals, and objectives.
Risk management: This includes identifying and discussing potential risks to the company, and taking actions to mitigate or manage those risks.
Compliance and legal issues: This includes ensuring that the company is in compliance with all relevant laws and regulations, and discussing any legal issues that may impact the company.
People and Talent: This includes discussing and making decisions about the company's human resources strategies, including recruitment, retention, and employee development.
Technology and innovation: This includes discussing and making decisions about the company's technology strategies, including digital transformation and adoption of new technologies.
ESG( Environmental, Social and Governance) : This includes discussing and making decisions about the company's impact on the environment, society and governance of the company.
Other topics that may be discussed in board meetings depending on the specific industry, company, and current circumstances. Some other examples include:
Mergers and acquisitions: Discussions and decisions related to potential mergers, acquisitions, or divestitures.
Business development: Discussions and decisions related to expanding into new markets, launching new products or services, or entering into new partnerships.
Crisis management: Discussions and decisions related to managing a crisis or unexpected event that could impact the company.
Governance: Discussions and decisions related to the overall governance and management of the company, including board composition, director elections, and executive compensation.
Industry trends and market conditions: Discussions about the state of the industry and how it may impact the company in the future.
Reputation and brand management: Discussions and decisions about how to enhance and protect the company's reputation and brand.
IT and Cybersecurity: Discussions and decisions related to IT infrastructure and cybersecurity measures to protect sensitive data and company’s assets from cyber threats.
It's also worth noting that board meetings should now be used as a platform for discussing and making decisions on non-financial matters such as social impact and sustainability.
If you would like to discuss this in more detail, book a session on www.gregorythain.com