The Board of Directors is appointed by the shareholders to take care of their best interest and act as representatives for the shareholders. The Board of Directors is the true governing body of the company. The authority to set business goals and to regulate business methods rests with the board of directors. The shareholders expect the Board of Directors to guide a company's operations and form opinions and strategies for the growth and development of the corporation.

Features of a Board of Directors Meeting

A Board meeting usually runs for a longer duration than the shareholders? meetings and also occurs more frequently than the shareholders? meetings. Board meetings touch more comprehensive topics related to the operations of the company and the ways to strategize the implementation of certain decisions or resolutions passed by shareholders. The Board can also pass resolutions, except those, which involve the approval and involvement of the shareholders. These Board meetings and their content may be confidential contrary to the shareholders? meeting, where the agenda, minutes, and the decisions taken cannot be confidential. Board meetings generally cover the following subjects.

1The Board plans the strategies of the company.

2The Board puts forth recommendations about the classes of shares and about the number of shares of each class that may be offered.

3The Board lays out investment plans for future growth .

4The Board plans solutions for market expansion, marketing and technology.

5The Board guides the approval of contracts for purchase, sale, borrowing, lending, and other contracts, and records the total value of assets in the accounting book of the company.

6The Board resolves decisions related to the appointment or the termination of the general director and other key executives of a company.

7The Board makes decisions pertaining to the organizational structure and the internal management.

8The Board plans for the establishment of subsidiary companies and the opening of branches.

9The Board prepares the annual final financial reports to be submitted to the General Meeting of the shareholders.

10The Board approves the agenda and documents of the General Meeting of shareholders.

11The Board may recommend the re-organization or dissolution of the company.

12The Board gives their approval for various bills against loans & other financial liabilities.

13The Board considers any new business proposal.

The activities of The Board of Directors can be broadly summarized under the following headings.

1Descriptions of the issues.

2Decisions to be taken.

3Review of previous decisions.

4Discussion of all the available options, including discussion of the pros and cons of each.

5The Impact of budget and staffing.

6Detailed recommendations on various subjects.

The Virtual Meeting

The board of directors meeting can be conducted even without physical presence of all directors. Virtual Meetings can also be conducted, wherein the participants can be logged on to video conferencing, which validates the presence as if it were face to face interaction.