Board meetings can be a valuable source for your business. They can assist you in making better decisions, improve your productivity and time management abilities, boost your teamwork, and help bring your company closer to its goals.
However, they can be lengthy and confusing. Many boards don’t have the right plan or structure for their board meetings.
A key element to a successful board meeting is having an agenda that clearly lays out the purpose of the meeting and provides all necessary documentation in advance of the session. It is also essential to limit the number of items on the agenda and avoid boardroomcommunity.com/ the repetition of agenda items from one meeting to the next.
In the discussion part of the meeting, you should focus on issues and issues that are strategic in nature, rather than simply operational. This will help you make use of the diverse skills and interests of board members allowing you to have a more energetic discussion.
The board should be provided with the opportunity to discuss and approve strategies that can move your organization closer to its goals including defining and discussing concrete metrics to gauge the progress. This can be accomplished by appointing a ‘KPI’ to each strategy. For instance, the retention rate of clients or donors and the amount of revenue accumulated. Concentrating these discussions on the most important issues for your organization will maximize the value of every board meeting.