Check out the below link from Bob Suttons awesome blog (http://bobsutton.typepad.com/) about Kelly from http://www.humansatwork.com/ - she shares some awesome tips about running effective meetings.
The only thing I'd add to it, if you want a really effective meeting, is to ensure the room is freezing cold and there are no chairs. Some businesses use this tatic and they get all their work done in record time and have more time to do what is really important rather than sitting in meetings talking about it.
http://bobsutton.typepad.com/my_weblog/2009/05/kelley-eskridges-wise-advice-on-running-meetings.html
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