Board Meeting Minutes - May 20, 2024
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Board Meeting Minutes
Date: May 20, 2024
Present:
- John Smith (Chairman)
- Sarah Johnson (CEO)
- Michael Lee (CFO)
- Emily Clark (COO)
- David Brown (Head of Logistics)
Absent:
None
1. Call to Order/Opening Remarks
The meeting commenced promptly at 9:00 AM, with John Smith, the Chairman, presiding. John Smith welcomed all attendees and expressed gratitude for their participation.
2. Approval of the Minutes from May 15, 2024
Motion: To approve the minutes of the previous meeting held on May 15, 2024, as circulated.
Motion By: Sarah Johnson
Seconded By: Michael Lee
Carried unanimously by all present members.
3. Additions to the Agenda
No additional items were proposed for inclusion in the agenda.
4. Approval of the Agenda
Motion: To approve the agenda as circulated.
Motion By: Emily Clark
Seconded By: David Brown
The motion was unanimously approved by all attendees.
5. Business from the Previous Meeting
Action items from the previous meeting were revisited, and updates on progress were provided by relevant stakeholders.
6. Item #1 to be Discussed: Financial Performance Review
Sarah Johnson presented a comprehensive report on the company's financial performance during the last quarter.
Motion: To allocate additional budget for upcoming marketing initiatives aimed at boosting brand visibility.
Motion By: Michael Lee
Seconded By: Emily Clark
The motion passed with unanimous agreement.
Follow-up: Marketing team tasked with presenting a detailed proposal by June 1, 2024.
7. Item #2 to be Discussed: Logistics Expansion Plan
David Brown outlined a proposal for expanding logistics operations into new geographical regions. Discussion ensued regarding market analysis findings and potential risks associated with the expansion. No motion was made; further research and analysis are required before proceeding.
8. Additions to the Agenda
There were no additional agenda items proposed during the meeting.
9. Adjournment
The meeting adjourned at 10:30 AM following the completion of all agenda items.
10. Next Meeting (Date)
The next meeting is scheduled for June 5, 2024, and all members are requested to mark their calendars accordingly.