Things you should keep in mind

...to ensure maximum satisfaction for everyone:

• If certain people are dominating the conversation, make a point of asking others for their ideas.
• At the end of each agenda item, quickly summarize what was said.
• Note items that require further discussions. 
• Ensure the meeting stays on topic.
• List all tasks that are generated at the meeting. Make a note of who is assigned to do what, and by when.

An effective meeting serves a useful purpose. This means that in it, you achieve a desired outcome.

For a meeting to meet this outcome, or objective, you have to be clear about what it is.