Most boards of directors have requirements around how often they are to meet and about how far in advance the board should be given notice of the time and place of the meeting. Many smaller companies run the risk of not complying with these requirements simply because management gets busy with running the business and having the next board meeting never quite makes it to the top of the list of things that need to get done.
One of the running themes of this blog is that managers of companies and members of boards need to make time to think about matters that are important, but not urgent. These matters tend to be the key strategic issues that really move the needle for organizations. Making sure to have a regularly scheduled board meeting is a good thing not only for compliance purposes, but also in order to carve out time to think about the important and not urgent.
iBoardrooms makes doing this easier for managers and directors by automatically creating reminders to schedule the next board meeting inside the window required. While it seems like a small thing, and in many ways it is, it can really help busy managers and board members to prioritize strategy.