Run an Efficient Board Meeting

This post from Ed Sim via TJ's Weblog offers good advice for planning and running board meetings that maximize shareholder value rather than becoming gigantic wastes of time.

He advises:

1. Be well prepared
2. Schedule meetings on a 4-6 week timetable
3. Focus on discussion rather than presentations

He suggests the following standard framework for the meeting and discussion

1. Company Summary by CEO
2. Sales Review
3. Marketing
4. R&D
5. Customer support
6. Finance -- -Plan vs. budget - income statement, balance sheet, cash flow statement