stjórnarfundur

Stjórnarfundur is an Icelandic term that translates to "board meeting" in English. It refers to a formal meeting of a board of directors, a governing body that oversees the strategic direction and management of an organization, such as a company, non-profit, or association.

During a stjórnarfundur, board members convene to discuss and make decisions on various matters. These typically include reviewing financial reports, approving budgets, setting strategic goals, evaluating performance, and making key appointments. The agenda for a stjórnarfundur is usually prepared in advance and distributed to board members beforehand to allow for adequate preparation.

Minutes are taken during the stjórnarfundur, documenting the discussions, decisions made, and any action items assigned. These minutes serve as an official record of the meeting and are crucial for accountability and future reference. The frequency of stjórnarfundir varies depending on the organization's needs and bylaws, but they are generally held on a regular basis, such as quarterly or semi-annually. The stjórnarfundur is a fundamental part of corporate governance, ensuring that an organization is managed responsibly and effectively.